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Ryanair Holdings
(NASDAQ:RYAAY)
Ryanair Holdings (RYAAY) vs. SPDR S&P 500 ETF (SPY)
Ryanair Holdings Business Overview & Revenue Model
Ryanair Holdings Earnings Call Summary
Ryanair Holdings Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.33B | 13.95B | 13.44B | 10.78B | 4.80B | 1.64B |
| Gross Profit | 4.15B | 2.65B | 3.88B | 2.22B | 120.70M | -66.90M |
| EBITDA | 4.09B | 3.07B | 3.06B | 2.44B | 381.00M | -337.00M |
| Net Income | 2.24B | 1.61B | 1.92B | 1.31B | -240.80M | -1.02B |
Balance Sheet | ||||||
| Total Assets | 16.04B | 17.51B | 17.18B | 16.41B | 15.15B | 12.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.42B | 3.96B | 4.11B | 4.66B | 3.60B | 3.12B |
| Total Debt | 1.53B | 2.68B | 2.75B | 4.12B | 5.08B | 5.43B |
| Total Liabilities | 7.26B | 10.47B | 9.56B | 10.76B | 9.60B | 7.68B |
| Stockholders Equity | 8.78B | 7.04B | 7.61B | 5.64B | 5.55B | 4.65B |
Cash Flow | ||||||
| Free Cash Flow | -16.43M | 1.86B | 766.00M | 1.98B | 758.90M | 758.90M |
| Operating Cash Flow | 1.62B | 3.42B | 3.16B | 3.89B | 1.94B | 1.94B |
| Investing Cash Flow | -1.16B | -1.43B | -1.56B | -1.90B | -1.41B | -1.41B |
| Financing Cash Flow | -2.14B | -2.00B | -1.33B | -1.05B | -536.50M | -536.50M |
Ryanair Holdings Technical Analysis
Ryanair Holdings Risk Analysis
Ryanair Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $13.58B | 8.01 | 136.60% | 3.50% | 6.81% | 58.22% | |
73 Outperform | $30.27B | 269.96 | 27.85% | 1.37% | 14.75% | 71.73% | |
71 Outperform | $30.14B | 10.91 | 24.13% | ― | 4.24% | 20.29% | |
69 Neutral | $42.34B | 8.99 | 27.63% | 0.96% | 4.33% | -1.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $20.20B | 50.61 | 5.33% | 1.73% | 0.65% | ― | |
45 Neutral | $7.17B | 25.57 | -2.76% | ― | 1.27% | 118.64% |
Ryanair Holdings Corporate Events
On 18 March 2026, Ryanair inaugurated a new €25 million, 22,000 m² maintenance hangar at Madrid Barajas Airport, its largest maintenance facility with capacity for seven aircraft and 700 high-skill jobs. The hangar expands Ryanair’s Barajas maintenance capacity to eight lines and deepens its role as a central engineering hub within the airline’s seven-location EU maintenance network, supporting both routine checks and specialised work.
The airline highlighted its extensive footprint in Spain but warned that rising airport charges proposed by operator Aena risk curbing further investment and growth, shifting traffic and jobs to cheaper European airports. Ryanair cited a sharp contrast between its minimal 0.5% growth in Spain this summer and stronger expansion in markets such as Morocco and Italy, arguing that Spain’s competitiveness is being undermined by “gold-plated” airport projects and calling for a more cost-effective pricing policy to sustain tourism and employment.
The most recent analyst rating on (RYAAY) stock is a Buy with a $69.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings disclosed that between 9 and 13 March 2026 it repurchased a total of 9,920 ordinary shares and 570,718 ordinary shares underlying American Depositary Shares for cancellation. The transactions, executed at volume-weighted average prices in euros for ordinary shares and in U.S. dollars for ADS-underlying shares, reflect ongoing capital management under its previously announced buy-back programme.
These purchases, which will reduce the company’s share count as all acquired shares are cancelled, continue the buy-back plan launched in May 2025 and will be reported on a weekly basis. The sustained execution of the programme signals Ryanair’s commitment to returning capital to shareholders and may incrementally enhance earnings per share, reinforcing its financial positioning in the European aviation sector.
The most recent analyst rating on (RYAAY) stock is a Buy with a $69.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings disclosed that The Capital Group Companies, Inc. has increased its stake in the airline above a key reporting threshold, according to a major shareholding notification filed in March 2026. The move underscores continued institutional investor interest in the carrier’s equity and consolidates Capital Group’s role as a significant shareholder in Ryanair.
The filing shows that on 11 March 2026 Capital Group’s holding, via Capital Research and Management Company and related entities, rose from 13.82% to 14.03% of Ryanair’s total voting rights. The position, held on behalf of client accounts rather than Capital Group’s own balance sheet, signals sustained long-term fund exposure to Ryanair and may be read as a vote of confidence in the airline’s prospects by one of the world’s largest asset managers.
The most recent analyst rating on (RYAAY) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings disclosed that non-executive director Ray Conway purchased 3,852 ordinary shares in the company at a price of €25.45 per share on 6 March 2026 in Dublin, Ireland. The transaction, reported under EU Market Abuse Regulation via a Form 6-K filed on 11 March 2026, modestly increases insider equity ownership and provides additional transparency for investors regarding board-level share dealings.
As a reportable transaction by a person discharging managerial responsibilities, the purchase underscores regulatory scrutiny of insider trading and reinforces Ryanair’s compliance with European market abuse rules. While limited in scale, such board member share acquisitions can be interpreted by the market as a vote of confidence in the airline’s outlook and governance, offering incremental reassurance to shareholders and other stakeholders.
The most recent analyst rating on (RYAAY) stock is a Hold with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings plc disclosed that between 2 and 6 March 2026 it repurchased for cancellation 9,420 ordinary shares and 575,872 ordinary shares underlying its American Depositary Shares as part of its ongoing share buyback programme launched in May 2025. The purchases, conducted at volume-weighted average prices around €26–€27 in Europe and just over $31–$33 in the U.S., will reduce the company’s share count, supporting capital return to investors and potentially enhancing earnings per share while signaling continued confidence in its financial position.
These transactions are to be reported on a weekly basis under the existing programme, and all acquired shares will be cancelled in line with regulatory requirements. By steadily executing buybacks across both its domestic listing and ADSs, Ryanair is reinforcing shareholder-focused capital management, which may bolster its valuation and underscore management’s positive view of the airline’s long-term prospects.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings has continued its capital return strategy with further share repurchases carried out between 16 and 20 February 2026. The airline bought 6,202 ordinary shares for cancellation on the Irish market and an additional 532,750 ordinary shares underlying American Depositary Shares in the U.S., at volume-weighted average prices ranging from about €26.62 to €27.69 and $32.12 to $33.37.
These transactions form part of a broader share buyback programme first announced in May 2025, under which all repurchased shares are cancelled, thereby reducing the company’s share count. The ongoing weekly-disclosed buybacks underscore Ryanair’s commitment to returning excess capital to investors and may enhance earnings per share over time, potentially supporting shareholder value and reinforcing confidence in the group’s financial position.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings disclosed that investment manager The Capital Group Companies, Inc. reduced its stake in the airline below a key 14% voting-rights threshold on 17 February 2026. Capital Group’s holding now represents 13.82% of Ryanair’s total voting rights, equivalent to 144,941,408 voting rights tied to depository receipts and ordinary shares, with no exposure via financial instruments.
The notification, filed with regulators and dated 18 February 2026, also shows Capital Research and Management Company similarly slipping under the 14% level, with American Funds Fundamental Investors accounting for 3.66% of voting rights within the group structure. While Ryanair’s overall ownership base remains diversified, the trimming by a major institutional shareholder may be watched by investors as a signal of portfolio rebalancing or shifting sentiment toward the carrier’s equity.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Ryanair Holdings said it repurchased and cancelled a total of 4,968 ordinary shares and 515,524 ordinary shares underlying American Depositary Shares between 9 and 13 February 2026. The trades, executed at volume-weighted average prices ranging from €26.617 to €28.260 for ordinary shares and about $32.73 to $34.87 for ADS-underlying shares, are part of its ongoing share buy-back programme launched in May 2025.
The airline reiterated that all repurchased shares will be cancelled, effectively reducing the company’s share count and potentially enhancing earnings per share. The purchases, which will continue to be disclosed on a weekly basis, underscore Ryanair’s continued use of excess capital to return value to shareholders, and were disclosed in line with EU market abuse regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 10 February 2026, Ryanair signed a multi-year, multi-billion-dollar Memorandum of Understanding with CFM, the Safran–GE Aerospace joint venture, for engine material services to support its expanding Boeing 737 fleet. The deal secures direct sourcing of spare parts for more than 2,000 CFM engines as Ryanair’s fleet grows toward 800 aircraft, reinforcing a three-decade partnership with CFM.
Under the agreement, Ryanair will purchase all its engine spare parts directly from CFM and plans to open two engine maintenance, repair and overhaul shops in Europe from 2029, bringing engine maintenance in-house. The airline expects to buy spare parts in excess of $1 billion per year over the term, a move that could enhance operational control and cost efficiency while cementing CFM’s role as a critical supplier to one of the world’s largest Boeing 737 operators.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 26 and 30 January 2026, Ryanair Holdings plc repurchased a total of 6,360 ordinary shares and 510,558 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back programme launched in May 2025. All of the shares acquired during this period will be cancelled, a move that reduces the company’s share count and may enhance earnings per share, signalling continued capital returns to shareholders and confidence in the airline’s financial position.
The most recent analyst rating on (RYAAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 26 January 2026, U.S.-based investment group The Capital Group Companies, Inc. notified Ryanair Holdings that its aggregate holding of voting rights in the airline had risen above the 14% threshold, reaching 14.10% of the company’s total voting rights, equivalent to 148,063,943 voting rights, all held through shares rather than financial instruments. The move, formally recorded in a regulatory filing on 27 January 2026, reflects increased exposure by Capital Group’s asset management arms—led by Capital Research and Management Company, which now also exceeds 14%—and underscores growing institutional investor interest in Ryanair, potentially reinforcing the airline’s shareholder base and its standing among global fund managers without implying direct strategic control, as the shares are held on behalf of client accounts under discretionary management.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 19 and 23 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 8,218 ordinary shares and 345,408 ordinary shares underlying American Depositary Shares as part of its ongoing share buy-back programme launched in May 2025. The purchases, conducted at volume-weighted average prices in euros for ordinary shares and in US dollars for ADS-underlying shares, reflect Ryanair’s continued capital return strategy to shrink its share count, which can enhance earnings per share and signal management’s confidence in the company’s financial position, while all repurchased shares are being cancelled in line with EU market abuse regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 26 January 2026, Ryanair reported third-quarter FY26 profit after tax of €115 million before exceptional items, down from €149 million a year earlier, with post-exceptional profit dropping to €30 million following an €85 million provision related to a disputed Italian competition authority fine. Despite the profit decline, Q3 revenue rose 9% to €3.21 billion as traffic grew 6% to 47.5 million passengers, average fares increased 4%, and ancillary revenue climbed 7%, while unit costs remained flat per passenger; the airline highlighted strong hedging positions on fuel, a robust BBB+ rated balance sheet with €1 billion net cash, ongoing share buybacks and dividends, and reiterated its growth plan to 216 million passengers in FY27 and 300 million annually by FY34, supported by its expanding Boeing 737-8200 “Gamechanger” fleet, capacity reallocation towards lower-tax markets, continued ESG upgrades, and expectations of structurally constrained European short-haul capacity. The company is appealing the €256 million Italian AGCM fine it describes as baseless, and for FY26 it modestly raised its traffic forecast to almost 208 million passengers and now guides pre-exceptional full-year profit after tax in the €2.13–€2.23 billion range, while cautioning that final results remain vulnerable to geopolitical risks, macroeconomic shocks and persistent European air traffic control disruptions.
The most recent analyst rating on (RYAAY) stock is a Buy with a $83.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 12 and 16 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 3,947 ordinary shares and 418,424 ordinary shares underlying its American Depositary Shares as part of its ongoing share buyback programme launched on 20 May 2025. The purchases, disclosed with volume-weighted average prices in euros and U.S. dollars, reflect Ryanair’s continued capital return strategy, reducing its share count and potentially enhancing earnings per share, while the company has committed to providing weekly updates on transactions under the programme in line with EU market abuse regulation.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 9 January 2026, The Capital Group Companies, Inc. reduced its holding in Ryanair Holdings PLC to 13.98% of the airline’s total voting rights, falling below the 14% disclosure threshold, with the change formally notified to the issuer and regulators on 12 January 2026. The adjustment, reflecting a modest disposal of shares primarily held via depository receipts and managed by Capital Research and Management Company and related entities, marginally trims a major institutional investor’s stake but leaves Capital Group as a significant shareholder, underscoring continued substantial institutional backing for Ryanair despite the slight decrease in ownership concentration.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 5 and 9 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 4,404 ordinary shares and 263,310 ordinary shares underlying American Depositary Shares as part of its previously announced share buy-back programme. The weekly purchases, conducted at volume-weighted average prices in euros for ordinary shares and in U.S. dollars for ADS-related shares, form part of an ongoing capital management strategy that reduces the company’s share count, potentially enhancing earnings per share and signalling continued confidence in its financial position to investors.
The most recent analyst rating on (RYAAY) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 5 January 2026, Ryanair reported that its December 2025 traffic rose 7% year-on-year to 14.5 million passengers, up from 13.6 million in December 2024, while maintaining a stable load factor of 92%. The airline operated over 82,000 flights during the month, and its rolling 12-month passenger numbers increased 5% to 206.5 million from 197.2 million a year earlier, with the load factor steady at 94%, underscoring continued strong demand and capacity utilization that reinforce Ryanair’s position as a dominant low-cost carrier in the European market.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 29 December 2025 and 2 January 2026, Ryanair Holdings plc repurchased and cancelled a total of 2,616 ordinary shares and 159,468 ordinary shares underlying American Depositary Shares as part of its previously announced share buy-back programme. Conducted at volume-weighted average prices of around €29.4 for ordinary shares and approximately $36.4 for ADS-underlying shares, the transactions reduce Ryanair’s share count and may enhance earnings per share, underscoring ongoing capital return to investors and disciplined balance-sheet management in line with its 2025 buyback initiative.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 2 January 2026, Ryanair Holdings plc reported that, as of 31 December 2025, its issued share capital comprised 1,049,990,932 ordinary shares with a nominal value of €0.006 each, with no ordinary shares held in treasury, resulting in the same number of shares carrying voting rights. The disclosure, made in line with EU transparency regulations and Irish Central Bank market conduct rules, provides an updated share count that investors and other stakeholders must use as the reference denominator when assessing and reporting any interests or changes in interests in Ryanair’s share capital, ensuring continued transparency around significant shareholdings in the airline.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 23 December 2025, U.S.-based asset manager The Capital Group Companies, Inc. notified Ryanair Holdings that its aggregate holding in the airline had risen above the 14% threshold of total voting rights, up from 13.01%, all through share ownership rather than financial instruments. The disclosure, formally recorded with regulators on 24 December and filed by Ryanair with the U.S. Securities and Exchange Commission on 29 December 2025, underscores growing institutional investor exposure to Ryanair, with Capital Research and Management Company now directly controlling 14.03% of voting rights, a level that may reinforce the airline’s backing from large global fund managers and potentially increase their influence in shareholder decisions.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 22 and 26 December 2025, Ryanair Holdings plc repurchased for cancellation a total of 1,879 ordinary shares and 103,150 ordinary shares underlying its American Depositary Shares as part of its previously announced share buy-back programme launched on 20 May 2025. All repurchased shares will be cancelled, slightly reducing the company’s share count and potentially enhancing earnings per share, with Ryanair confirming that buyback transactions under the programme will continue to be disclosed on a weekly basis in line with EU market abuse regulation requirements.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
On 23 December 2025, Ryanair announced it has instructed its lawyers to immediately appeal a €256m fine and an associated ruling by Italy’s competition authority AGCM, which found the carrier held a dominant position in air services to and from Italy and criticised aspects of its distribution model. The airline argues the decision is legally flawed, contradicts a January 2024 Milan Court of Appeal precedent that found Ryanair’s direct distribution “undoubtedly benefits consumers” and is economically justified, and is based on a gerrymandered market definition that excludes long-haul flights and alternative transport modes. Ryanair maintains that its current agreements with online travel agents and traditional travel agents—giving them cost-free access to fares provided they do not overcharge customers—are pro-consumer and compliant with competition law, and contends that the AGCM has been misled by a small number of bricks‑and‑mortar agents and a Spanish OTA accused of overcharging. The company says it is confident the ruling and fine will be overturned on appeal, framing the case as a test of consumer protection, competition enforcement, and the legality of its low‑cost, direct‑booking model in the Italian market.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.
Between 15 and 19 December 2025, Ryanair Holdings plc repurchased for cancellation a total of 4,700 ordinary shares and 307,276 ordinary shares underlying its American Depositary Shares as part of its previously announced share buy-back programme. The purchases, conducted at volume-weighted average prices of around €29.5 per ordinary share and approximately $35.5–$36.2 per ADS-underlying share, reduce the company’s share count and reflect ongoing capital return to shareholders, with Ryanair committing to disclose buyback activity on a weekly basis under applicable EU market abuse regulations.
The most recent analyst rating on (RYAAY) stock is a Buy with a $74.00 price target. To see the full list of analyst forecasts on Ryanair Holdings stock, see the RYAAY Stock Forecast page.