Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£22.85, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Airlines industry in Europe. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£26.38 per share. Reported Earnings • Jun 23
Full year 2026 earnings released: EPS: €2.06 (vs €1.46 in FY 2025) Full year 2026 results: EPS: €2.06 (up from €1.46 in FY 2025). Revenue: €15.5b (up 11% from FY 2025). Net income: €2.17b (up 35% from FY 2025). Profit margin: 14% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Buy Or Sell Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to UK£19.21. The fair value is estimated to be UK£24.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Reported Earnings • May 19
Full year 2026 earnings released: EPS: €2.06 (vs €1.46 in FY 2025) Full year 2026 results: EPS: €2.06 (up from €1.46 in FY 2025). Revenue: €15.5b (up 11% from FY 2025). Net income: €2.17b (up 35% from FY 2025). Profit margin: 14% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£22.33, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£35.60 per share. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£23.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£24.34 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to UK£24.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 96% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£24.07 per share. Reported Earnings • Jan 27
Third quarter 2026 earnings released: EPS: €0.029 (vs €0.14 in 3Q 2025) Third quarter 2026 results: EPS: €0.029 (down from €0.14 in 3Q 2025). Revenue: €3.21b (up 8.6% from 3Q 2025). Net income: €30.4m (down 80% from 3Q 2025). Profit margin: 0.9% (down from 5.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Announcement • Jan 27
Ryanair Holdings plc Provides Traffic Guidance for the Fiscal Year 2027 Ryanair Holdings plc provided traffic guidance for the fiscal year 2027. for the year, the company expects to deliver 4% traffic growth to 216 million passengers. Announcement • Jan 26
Ryanair Holdings plc Revises Traffic Guidance for the Fiscal Year 2026 Ryanair Holdings plc revised traffic guidance for the fiscal year 2026. for the year, the company expects traffic to grow 4% to almost 208 million passengers (previously 207 million), due to strong demand and earlier than expected Boeing deliveries. Upcoming Dividend • Jan 08
Upcoming dividend of €0.19 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 25 February 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (2.3%). Announcement • Jan 08
eDreams ODIGEO Secures Rulings, Ryanair Fined for Breach of Court Order and Forced to Cease Unlawful Practices Ryanair has been fined by the Regional Court of Hamburg for its refusal to comply with judicial mandates, marking yet another instance where the airline refuses to respect the rule of law. The German court imposed a penalty on Ryanair for breaching an injunction granted to eDO in May 2025. The Judge ruled that the airline acted with "fault" by leaving banned terms on its website after being ordered to remove them. Dismissing Ryanair's defence that these delays were "outside its control" as baseless, the Court highlighted that as a major European airline, Ryanair possesses the necessary resources to comply with court orders immediately but chose not to. Ryanair continues in breach of this order as of today. This decision reinforces Ryanair's disregard for legal authority, a trend visible across Europe. The ruling arrives shortly after Ryanair faced record-breaking sanctions in other jurisdictions, including a €256 million fine in Italy for abuse of dominance and a €108 million fine in Spain for serious consumer rights breaches, alongside prior condemnations in France for violating EU passenger rights regulations, among others. Crucially, the German Court's finding of "bad faith" confirms a specific pattern of obstruction that mirrors the airline's conduct elsewhere. In Spain, Ryanair continues to flagrantly breach binding orders issued by Commercial Court No. 12 of Barcelona. Despite receiving an unprecedented formal warning regarding potential criminal liabilities for ignoring prior interim measures, the airline continues to this date to ignore the Court's mandate to cease its unfair competition and retract denigrating falsehoods that mislead consumers. In light of this systematic unlawful behaviour, eDreams ODIGEO is calling on authorities across Europe to urgently enforce their duty and protect consumers from Ryanair's non-compliance. In a separate substantive ruling secured by eDO, the Hamburg Court dismantled key pillars of Ryanair's anti-consumer strategy: Deceptive consent: The Court ruled that Ryanair's mechanism for forcing user consent through a "Search" button that automatically pre-ticks a box for Terms & Conditions is prohibited. The judgment found this design deceives consumers into believing they have made a choice when they have not, invalidating the very terms Ryanair uses to restrict passengers. Abusive refund restrictions: The Court declared Ryanair's blanket "non-refundable" policy (Clause 10.1) invalid, confirming it illegally contradicts statutory law and misleads passengers about their rights to reimbursement. Illegal fees: The airline's "administration fee" for processing government tax refunds was also declared void. The Judge ruled this fee is "unreasonably disadvantageous" as it often exceeds the refund amount itself, effectively allowing Ryanair to pocket public taxes that belong to the customer. eDreams ODIGEO has long voiced concerns about Ryanair's breach of refund regulations and urges authorities to enforce compliance to protect consumers. Buy Or Sell Opportunity • Jan 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to UK£20.51. The fair value is estimated to be UK£16.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to UK£20.05, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£16.71 per share. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to UK£24.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£19.86 per share. Buy Or Sell Opportunity • Dec 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to UK£24.00. The fair value is estimated to be UK£19.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period. Declared Dividend • Dec 08
First half dividend of €0.19 announced Shareholders will receive a dividend of €0.19. Ex-date: 15th January 2026 Payment date: 25th February 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 05
Ryanair Holdings plc Announces Interim Dividend for Financial Year 2026, Payable on 25 February, 2026 Ryanair Holdings plc announced that the financial year 2026 interim dividend of €0.193 per ordinary share will be payable to shareholders on the register of members at close of business on 16 January, 2026. The dividend will be paid on 25 February, 2026. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to UK£24.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£21.47 per share. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£20.05, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£18.09 per share. Reported Earnings • Nov 04
Second quarter 2026 earnings released: EPS: €1.62 (vs €1.29 in 2Q 2025) Second quarter 2026 results: EPS: €1.62 (up from €1.29 in 2Q 2025). Revenue: €5.48b (up 8.2% from 2Q 2025). Net income: €1.72b (up 20% from 2Q 2025). Profit margin: 31% (up from 28% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 12
Ryanair Holdings plc Announces Board Changes, Effective 1 October 2025 On September 10, 2025, the Board of Ryanair Holdings plc announced that Capt. Ray Conway has agreed to join the Board to replace Mike O'Brien as a Non-Executive Director with oversight of Air Safety effective from 1 October 2025. Capt. Conway, has a long and distinguished career in the aviation industry. After serving 13 years as a pilot in the Irish Air Corps, Ray joined Ryanair in 1987 and served as Chief Pilot from 2002 until his retirement in 2020. Since then, Ray has provided consultancy services on operational and safety matters to a number of large, international, airlines (incl. Ryanair). Announcement • Jul 31
Ryanair Holdings plc Announces Not to Seek Re-Election of Capt. Mike O'brien as Non-Executive Director The Board of Ryanair Holdings plc today (29 July) announced that Capt. Mike O'Brien has chosen not to seek re-election at the Sept. AGM, having completed over 9 years as a Non-Executive Director of Ryanair Holdings, in line with sound governance practice. Announcement • Jul 25
Ryanair Holdings plc, Annual General Meeting, Sep 11, 2025 Ryanair Holdings plc, Annual General Meeting, Sep 11, 2025. Announcement • Jul 21
Ryanair Holdings plc Provides Production and Earnings Guidance for the Fiscal Year 2026 Ryanair Holdings plc provided production and earnings guidance for the fiscal year 2026. For the period, the company's traffic remains on track to grow just 3% to 206 million passengers, due to heavily delayed Boeing deliveries. It remains too early to provide meaningful fiscal year 2026 PAT guidance. The company do, however, cautiously expected to recover almost all of last years 7% full-year fare decline, which should lead to reasonable net profit growth in fiscal year 2026. Announcement • Jul 03
Ryanair Holdings plc Cancels Flights Due to French ATC Strike; Calls for Eu Reform Ryanair Holdings plc called on EU Commission President, Ursula von der Leyen, to take urgent action to reform EU ATC services after the airline was forced to cancel 170 flights disrupting over 30,000 passengers due to yet another French ATC strike on Thur and Fri (3 & 4 July). These enforced cancellations by French ATC coincide once more with the start of the European summer holidays - one of the busiest travel periods of the year. In addition to flights to/from France being cancelled, this strike will also affect all French overflights. This is due to France's continued failure to protect overflights during national ATC strikes. Even though it's French ATC that are striking, most disrupted passengers are not even flying to/from France but just overflying French airspace en route to their destination (e.g., UK - Greece, Spain - Ireland, etc.). EU skies cannot be repeatedly closed just because French Air Traffic Controllers are going on recreational strikes. Buy Or Sell Opportunity • Jun 02
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to UK£20.74. The fair value is estimated to be UK£16.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • May 19
Full year 2025 earnings released: EPS: €1.46 (vs €1.68 in FY 2024) Full year 2025 results: EPS: €1.46 (down from €1.68 in FY 2024). Revenue: €13.9b (up 3.8% from FY 2024). Net income: €1.61b (down 16% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 28
Third quarter 2025 earnings released: EPS: €0.14 (vs €0.013 in 3Q 2024) Third quarter 2025 results: EPS: €0.14 (up from €0.013 in 3Q 2024). Revenue: €2.96b (up 9.7% from 3Q 2024). Net income: €148.6m (up €133.8m from 3Q 2024). Profit margin: 5.0% (up from 0.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 09
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 16 January 2025. Payment date: 26 February 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (2.5%). Declared Dividend • Dec 19
First half dividend of €0.22 announced Shareholders will receive a dividend of €0.22. Ex-date: 16th January 2025 Payment date: 26th February 2025 Dividend yield will be 2.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (48% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 06
Ryanair Holdings plc Announces Interim Dividend, Payable on February 26, 2025 Ryanair Holdings plc announced that the FY25 interim dividend of €0.223 per ordinary share will be payable to shareholders on the register of members at close of business on 17 January, 2025. The dividend will be paid on 26 February, 2025. Ex-Dividend Date 16 January 2025, Record Date 17 January 2025. Reported Earnings • Nov 05
Second quarter 2025 earnings released: EPS: €1.29 (vs €1.33 in 2Q 2024) Second quarter 2025 results: EPS: €1.29 (down from €1.33 in 2Q 2024). Revenue: €5.07b (up 2.8% from 2Q 2024). Net income: €1.43b (down 5.5% from 2Q 2024). Profit margin: 28% (down from 31% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Sep 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Aug 30
Ryanair Holdings plc Announces Resignation of Roberta Neri as an Italian Non-Executive Director, Effective September 1, 2024 The Board of Ryanair Holdings plc announced that it has been notified by Roberta Neri, an Italian Non-Executive Director, that she plans to step down from the Board from 1 September 2024 next to avoid any appearance of a conflict of interest. Ms. Neri is an Operating Partner at Asterion Industrial Partners, a Spanish investment fund focusing on European infrastructures, which has recently announced plans to make an equity investment in a number of larger Italian airports from October 2024. Ryanair is one of the main customer airlines operating to/from many of these airports. In order to avoid any appearance of a conflict of interest, Ms. Neri has advised the Board that she does not feel it would be appropriate to continue as a NED of Ryanair while at the same time holding her operating partner role with an investment fund which owns a significant stake in a number of these Italian Airports. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to UK£11.67, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£15.83 per share. Buy Or Sell Opportunity • Jul 22
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to UK£11.67. The fair value is estimated to be UK£15.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Announcement • Jul 22
Ryanair Holdings plc Wins Its Case Against Booking.com in Delaware Court Ruling Ryanair Holdings Plc welcomed the unanimous verdicts of the jury in the Delaware District Court, which last evening unanimously ruled in favour of Ryanair's claims that Booking.com had violated the US Computer Fraud and Abuse Act, causing loss to Ryanair. The jury also ruled that Booking.com had done so knowingly with "intent to defraud", and that Ryanair had suffered economic harm as a result of Booking.com's unlawful screenscraping activity. The Delaware Court jury also dismissed all Booking.com's counterclaims against Ryanair, which included claims for defamation, unfair competition, and deceptive trade practices. These Delaware Court rulings prove that Booking.com was knowingly engaged in unlawful screenscraping of the Ryanair.com website, with an intent to defraud Ryanair. Ryanair has long complained about the deceptive practices of OTA Pirates like Booking.com, who used intermediate software providers to scrape Ryanair's website, and then use this information to overcharge consumers for Ryanair air fares and/or ancillary services but mask these anti-consumer practices by making bookings using fake customer emails and fake customer payment cards. Buy Or Sell Opportunity • Jul 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to UK£14.21. The fair value is estimated to be UK£18.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: €1.68 (vs €1.16 in FY 2023) Full year 2024 results: EPS: €1.68 (up from €1.16 in FY 2023). Revenue: €13.4b (up 25% from FY 2023). Net income: €1.92b (up 46% from FY 2023). Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Available seat kilometres (ASK): 244.61b (up 10% from FY 2023). Passenger load factor: 94.7% (up from 93.5% in FY 2023). Total aircraft: 584 (up by 47 from FY 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to UK£14.10. The fair value is estimated to be UK£17.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • May 23
Ryanair Holdings plc (ISE:RYA) commences an Equity Buyback Plan for 113,893,453 shares, representing 10% of its issued share capital, under the authorization approved on September 14, 2023. Ryanair Holdings plc (ISE:RYA) commences share repurchases on May 21, 2024, under the program mandated by the shareholders in the Annual General Meeting held on September 14, 2023. As per the mandate, the company is authorized to repurchase up to 113,893,453 shares, representing 10% of its issued share capital. The maximum price at which Ordinary Shares traded on Euronext Dublin could be repurchased would be the higher of 5% above the average market value of the Company’s Ordinary Shares on the trading venue where the shares are being repurchased for the five business days prior to the date of purchase and the price stipulated by the European Commission Delegated Regulation being the higher of the last independent trade and the highest current independent bid on the trading venue on which the shares are being repurchased. The maximum price at which Ordinary Shares which underlie the Company’s ADSs which are traded on NASDAQ could be repurchased would be 5% above one-fifth of the average market value of the Company’s ADSs on NASDAQ for the five business days prior to the date of purchase. The minimum price at which Ordinary Shares could be repurchased would be €0.006 per share. Any ADSs purchased will be converted to Ordinary Shares and cancelled, as will Ordinary Shares repurchased and the number of Ordinary Shares in issue will reduce accordingly. The authority shall expire at the earlier of the date of the AGM of the Company in 2024 or 15 months from the date of the passing of this Resolution. As of September 14, 2023, the company had 1,138,934,528 shares issued. Reported Earnings • May 21
Full year 2024 earnings released: EPS: €1.68 (vs €1.16 in FY 2023) Full year 2024 results: EPS: €1.68 (up from €1.16 in FY 2023). Revenue: €13.4b (up 25% from FY 2023). Net income: €1.92b (up 46% from FY 2023). Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Ryanair Holdings plc Appoints Jinane Laghrari Laabi and Amber Rudd as Non-Executive Directors, Effective from 1 July 2024 The Board of Ryanair Holdings plc (20 May, 2024) announced that Ms. Jinane Laghrari Laabi, a Moroccan citizen, and Ms. Amber Rudd, a UK citizen, have agreed to join the Board of Ryanair Holdings plc as non-executive directors effective from 1 July 2024. Jinane is a former partner with McKinsey & Co. (Casablanca) covering Morocco, Africa & Middle East. She is a non-executive director of Aluminium Du Moroc (a public listed company in Morocco). Amber is a former UK Minister and MP who held senior cabinet positions including Home Secretary and Secretary of State for Energy and Climate Change. She is a non-executive director of Centrica plc. Announcement • Mar 09
Ryanair Holdings plc Announces Michael Cawley Will Not Seek Re-Election At the 2024 Annual General Meeting Ryanair Holdings plc announced that Michael Cawley has confirmed that he is not seeking re-election at the 2024 AGM (in Sept.), having reached his nine-year tenure as a Non-Executive Director, no further engagement was deemed necessary in relation to resolution 4(g). The Board considers Mr. Cawley as independent within the spirit and meaning of the UK Corp. Governance code. Announcement • Feb 23
Ryanair Holdings plc, Annual General Meeting, Sep 12, 2024 Ryanair Holdings plc, Annual General Meeting, Sep 12, 2024. Announcement • Feb 01
Ryanair Holdings plc Provides Earnings Guidance for the Year 2024 Ryanair Holdings plc provided earnings guidance for the year 2024. For the year, the company narrowing full year Fiscal Year '24 profit after tax guidance to a range of between EUR 1.85 billion to EUR 1.95 billion. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: €0.013 (vs €0.18 in 3Q 2023) Third quarter 2024 results: EPS: €0.013 (down from €0.18 in 3Q 2023). Revenue: €2.70b (up 17% from 3Q 2023). Net income: €14.8m (down 93% from 3Q 2023). Profit margin: 0.5% (down from 8.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Ryanair Holdings plc Appoints Roberta Neri as A Non-Executive Director Effective from 1 February 2024 The Board of Ryanair Holdings plc announced that Ms. Roberta Neri, an Italian citizen, has agreed to join the Board as a non-executive director effective from 1 February 2024. Ms. Neri is a former CEO of ENAV, the Italian Air Navigation Services provider, where she managed the IPO process on the Italian stock exchange. Prior to that, she was CFO of ACEA (one of the major Italian utility companies). Ms. Neri has over 30 years experience in both corporate and financial services industries. A founding member and board director of Byom (a consulting firm focused on investment funds and companies operating in the industrial, renewable energy and infrastructure sector), Ms. Neri is also currently an Operating Partner at Asterion Industrial Partners (an independent investment management firm focusing on European infrastructure). Upcoming Dividend • Jan 11
Inaugural dividend of €0.17 per share Eligible shareholders must have bought the stock before 18 January 2024. Payment date: 28 February 2024. This is the first dividend for Ryanair Holdings since going public. The average dividend yield among industry peers is 2.6%. Announcement • Dec 22
Ryanair Holdings plc Announces Interim Dividend for Fiscal Year 2024, Payable on February 28, 2024 Ryanair Holdings plc announced that the fiscal year 2024 interim dividend of €0.175 per ordinary share will be payable to shareholders on the register of members at close of business on 19 January, 2024. The dividend will be paid on 28 February, 2024. Ex-dividend date is January 18, 2024. Announcement • Oct 27
Ryanair Holdings plc Receives Record Advance Bookings on Its 17 New Routes to/From Tirana Ryanair reported that it has received record advance bookings on its 17 new routes to/from Tirana, which start next week on Tues 31st Oct. Ryanair's 17 new routes to/from Albania will connect the country to major inbound visitor markets including Belgium, France, Germany, Italy, Poland, Sweden and the UK, where Ryanair believes substantial traffic and tourism growth will be stimulated thanks to Ryanair's unbeatable low air fares, which finally offer low fare competition and choice to the high fare airlines, who presently dominate in Albania. Ryanair's 17 low fare routes to/from Tirana will drive connectivity, year-round traffic and tourism growth, as well as supporting hundreds of new jobs at the airport while providing Albanian citizens/visitors with lower fares and more choice all year round. Ryanair's new Albanian flights will deliver; - 17 new routes including Brussels, Dusseldorf, London, Milan, Paris and Rome - Fares that start from just €15 one way. - Over 1.6m passengers p.a. in year 1. - Sustaining over 1,000 local jobs in Albania. With air fares that start from just €15 one way, Ryanair's 17 new routes to Tirana this winter include high frequency services including double daily rotations to London and Milan, with daily services to Bologna, Brussels, Catania, Pisa, Rome and Venice. Ryanair expects welcome thousands of first-time visitors to Albania this winter. Ryanair continues to work with the Albanian Govt and its airports to explore new routes to/from Tirana, as well as opening new routes to other Albanian airports over the next 3 years. Ryanair's Michael O'Leary visited Tirana today with a team of sales and Ops people to promote the start of Ryanair's flights to/from Tirana on Tues 31st Oct next. To celebrate these record advance bookings, Ryanair has launched a 3 day seat sale across all 17 new routes to/from Tirana, with 50,000 seats on sale from €14.99, which are available from travel from Nov. 2023 until March 2024. Announcement • Oct 01
Bertrand Grabowski Joins the Board as Non-Executive Director of Ryanair Holdings plc, Effective 1 October 2023 The Board of Ryanair Holdings plc announced that Mr. Bertrand Grabowski, a French citizen, has agreed to join the Board as a non-executive director effective from 1 Oct. 2023. Mr. Grabowski will also join Ryanair's Audit Committee. Mr. Grabowski has almost 40 years aviation and transport finance experience. A former Executive Board Member of DVB Bank SE, he previously held senior roles with Citibank, Credit Agricole Indosuez and Banque Indosuez and is currently an independent aviation consultant. Mr. Grabowski is also a non-executive director of Jazeera Airways (a publicly listed company on the Kuwait Stock Exchange). Announcement • Jul 25
Ryanair Holdings plc Provides Traffic Guidance for the Fiscal Year 2024 Ryanair Holdings plc provided traffic guidance for the fiscal year 2024. For the year, the company expects traffic to grow to approx. 183.5m (up 9%), which is slower than the 185m originally expected, due to Boeing delivery delays in spring and in autumn 2023. Announcement • Jan 06
Ryanair Holdings plc Provides Earnings Guidance for the Third Quarter Ended December 31, 2022, Fourth Quarter of Fiscal Year 2023 and Provides Traffic Guidance for the Fiscal Year 2023 Ryanair Holdings plc provided earnings guidance for the third quarter ended December 31, 2022, fourth quarter of fiscal year 2023 and provided traffic guidance for the fiscal year 2023. For the third quarter, the company expects PAT of close to €200 million.The company expects fourth quarter to be loss making due to the absence of Easter from March, and a recent softening in UK outbound and Irish - Prov. UK traffic and pricing. For the fiscal year 2023, the company expects traffic guidance of 168 million remains unchanged. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Non-Executive Director Geoff Doherty was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS €0.20 (vs €0.20 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: €1.78b (up 70% from 2Q 2021). Net income: €225.0m (up €450.5m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 27
First quarter 2022 earnings released: €0.24 loss per share (vs €0.17 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: €370.5m (up 196% from 1Q 2021). Net loss: €272.6m (loss widened 47% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: €0.91 loss per share (vs €0.58 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: €1.64b (down 81% from FY 2020). Net loss: €1.02b (down 257% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 21
Price target increased to €17.93 Up from €16.50, the current price target is an average from 22 analysts. New target price is 17% above last closing price of €15.38. Stock is up 62% over the past year. Is New 90 Day High Low • Mar 16
New 90-day high: €17.04 The company is up 7.0% from a price of €15.99 on 16 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Lagged the Airlines industry, which is up 28% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €16.20 per share. Reported Earnings • Feb 02
Third quarter 2021 earnings released: €0.28 loss per share (vs €0.079 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: €341.2m (down 82% from 3Q 2020). Net loss: €320.8m (down 465% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 35%. Over the next year, revenue is forecast to grow 80% while theAirlines industry in the United Kingdom is not expected to grow. Recent Insider Transactions • Dec 18
Group CEO & Executive Director recently sold €22m worth of stock On the 15th of December, Michael O'Leary sold around 1m shares on-market at roughly €15.60 per share. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 19
New 90-day high: €15.53 The company is up 40% from its price of €11.13 on 20 August 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.84 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is expected to shrink by 3.8% compared to a 22% decline forecast for the Airlines industry in the United Kingdom. Reported Earnings • Nov 05
Second quarter 2021 earnings released: €0.20 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: €1.05b (down 66% from 2Q 2020). Net loss: €225.5m (down 125% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 24
New 90-day high: €13.01 The company is up 19% from its price of €10.90 on 24 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.71 per share. Is New 90 Day High Low • Oct 09
New 90-day high: €12.89 The company is up 23% from its price of €10.46 on 10 July 2020. The British market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.88 per share. 
