Report
Olfa Taamallah ...
  • Yan Derocles

Ryanair : Caution on FY 2022 does nothing to dim Ryanair’s confidence

>2021 better than expected... - In a press release yesterday, Ryanair indicated a net loss before exceptionals of between -€ 800m and -€ 850m (vs -€ 850m and -€ 950m previously and -€ 971m for the consensus) for 27.5M passengers carried. The level of liquidity at end-March 2021 was € 3.15bn vs € 3.5bn at end-December 2020 (aided by an upturn in bookings and a reimbursement from Boeing). We think that cost-cutting efforts are behind the bulk of this more favourable t...
Underlying
Ryanair Holdings Plc

Ryanair Holdings is a holding company. Through its subsidiaries, Co. operates an ultra-low cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the U.K., Continental Europe, and Morocco. Co. offers over 2,000 scheduled short-haul flights per day serving approximately 210 airports throughout Europe, and flying approximately 1,600 routes. In addition, Co. provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Olfa Taamallah

Yan Derocles

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