Core Insights - Ryanair reported a Q3 profit after tax of EUR149 million, driven by a 9% increase in traffic to 45 million passengers and slightly higher fares [3][4] - For the nine-month period, profits totaled EUR1.94 billion, which is 12% lower than the previous year's profit of EUR2.19 billion, attributed to an 8% decrease in airfares [3] Q3 Highlights - Traffic growth of 9% to 45 million passengers was achieved despite ongoing Boeing aircraft delivery delays [4] - The company experienced stronger bookings during the Christmas and New Year period at marginally better fares than anticipated [3]

Financial Data and Key Metrics Changes - The company reported a Q3 profit after tax of EUR149 million, with a traffic growth of 9% to 45 million passengers, although profits for the nine months were 12% lower than the previous year at EUR1.94 billion compared to EUR2.19 billion, attributed to an 8% decrease in airfares [4][6][16] - Revenue per passenger increased by 1%, with average fares and ancillary revenue also up by 1% [5][6] - Ancillary revenues rose by 10% to EUR1.04 billion in Q3, while operating costs increased by 8% to EUR2.93 billion due to traffic growth [6][16] Business Line Data and Key Metrics Changes - The company experienced a 9% traffic growth despite Boeing aircraft delivery delays, with ancillary revenues showing a significant increase [5][6] - The integration of approved OTA partnerships is progressing well, contributing positively to revenue streams [5] Market Data and Key Metrics Changes - The company has revised its FY 2026 traffic target down to 206 million passengers, reflecting a 3% growth, due to ongoing Boeing delivery delays [9][16] - The company anticipates that European short-haul capacity will remain constrained in summer 2025, benefiting forward bookings and pricing [10][16] Company Strategy and Development Direction - The company plans to reallocate scarce capacity growth to regions and airports that are incentivizing traffic growth, particularly in Poland, Spain, Sweden, and regional Italy [10] - The company is actively reviewing ownership and control restrictions in light of EU shareholding trends, expecting to reach the 50% threshold in early 2025 [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding future traffic growth, despite the current constraints and external risks such as Boeing delivery delays and geopolitical conflicts [16] - The company is guiding a full-year 2025 profit after tax in the range of EUR1.55 billion to EUR1.61 billion, contingent on avoiding adverse developments [16] Other Important Information - The company has completed over 60% of its EUR800 million share buyback program and expects to finish it by mid-2025 [5][7] - The company is well-hedged for fuel costs, with over 75% hedged at approximately $77 per barrel [18] Q&A Session Questions and Answers Question: Can you discuss the type of growth for summer and the supply chain issues? - Management noted that while they expect reasonable growth in Q1, visibility into Q2 is limited, and they are frustrated by Boeing's delivery delays impacting growth targets [25][29] Question: What is the update on OTA partnerships and their impact on bookings? - Management confirmed that agreements with over 90% of major OTAs are in place, leading to strong forward bookings at higher average fares [47][48] Question: What are the implications of slower growth on unit costs? - Management indicated that slower growth should not constrain costs significantly, as they have adjusted crew levels in anticipation of aircraft deliveries [62][64] Question: How does the company view capacity constraints in Europe? - Management believes that while there may be some modest capacity growth, it is not occurring in markets where the company is expanding, allowing them to capture market share [72][74] Question: What are the expectations for CapEx given revised delivery outlooks? - Management expects CapEx for FY 2025 to be around EUR1.7 billion to EUR1.8 billion, with adjustments based on aircraft delivery timelines [129][131]

Q3 Results – Jan 2025 Europe's Lowest Cost Air line 2 2 Lowest fare/lowest cost EU airline No. 1, Traffic: c.200m (+9%) No. 1, OTP & reliability No. 1 Large Cap. ESG airline – Sustainalytics 300 MAX-10 order – Decade of Growth Fin. strength + lowest cost = L.T. winner Europe's No. 1 Cover age & Choice 3 Europe's Lowest Costs – Gap W idens | € per pax | RYA | (ii) WIZ | EZJ | LUV | IAG | LUF | AFKLM | | --- | --- | --- | --- | --- | --- | --- | --- | | Staff/Efficiency | 8 | 8 | 14 | 75 | 47 | 44 | 92 | | Ai ...

Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of December 2024 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________ RYANAIR HOLDINGS PLC Ryanair Holdings plc Transaction in own shares (Translation of registrant's name into English) c/o Ryanair Ltd Corporate Head Office Dublin Airport County Dublin ...

Financial Performance - Ryanair reported a stronger-than-expected after-tax profit of 149 million euros ($155 8 million) for the fiscal third quarter ending December 2024, significantly surpassing the anticipated 60 million euros [2] - The company attributed the higher profit to marginally increased fares driven by stronger Christmas and New Year bookings [2] Passenger Traffic - Ryanair's passenger traffic grew by 9% to 45 million passengers in the fiscal third quarter despite prolonged Boeing delivery delays [2] - The company revised its full-year passenger traffic target for the fiscal year ending March 2026 downward to 206 million passengers from an earlier target of 210 million due to insufficient aircraft deliveries from Boeing [3] - This follows a previous revision in November 2024, where the target was reduced from 215 million passengers [3] Boeing Delivery Delays - Ryanair cited ongoing delays in Boeing's 737 production, which is recovering from a strike in late 2024, as a key factor impacting its ability to meet its original passenger traffic growth targets [3]

Ryanair Holdings (RYAAY) Performance - Ryanair reported 13 6 million passengers in December 2024, an 8% year-over-year increase and higher than November's 13 million [1] - The load factor improved to 92% in December 2024 from 91% in the same period last year, with 77,380 flights operated, up from 73,750 in November [2] - Traffic grew 9% year-over-year in fiscal 2024 and the first half of fiscal 2025, despite Boeing delivery delays [3] - Ryanair expects traffic to grow 8% year-over-year in fiscal 2025, assuming no worsening of Boeing delivery delays [4] Ryanair's Market Performance - Ryanair shares declined 12 5% over the past year, underperforming the Zacks Airline industry's 36 1% growth [5] Other Airline Picks - Southwest Airlines (LUV) has an expected earnings growth rate of 105% for 2025, with a 5 3% upward revision in the Zacks Consensus Estimate for 2025 earnings in the past 60 days [7][8] - SkyWest (SKYW) has a strong earnings surprise history, with an average surprise of 79 1% in the trailing four quarters and a 5 3% upward revision in the Zacks Consensus Estimate for 2025 earnings per share in the past 60 days [9][10]

Aerospace and Defense Industry Analysis - The Aerospace Forum is a leading investment research service focused on the aerospace, defense, and airline industries, offering access to evoX Data Analytics, an in-house developed data analytics platform [1] - Low-cost carriers in Europe are considered among the most attractive airline investment opportunities, with Ryanair (NASDAQ: RYAAY) being highlighted as a buy-rated stock in May 2024 [1] - The Aerospace Forum aims to discover investment opportunities in the aerospace, defense, and airline sectors, leveraging data-driven analysis and industry expertise [1] Investment Research and Data Analytics - The Aerospace Forum provides direct access to data analytics monitors, enabling investors to make informed decisions based on real-time data and analysis [1] - The service offers context to industry developments, explaining how they might impact investment theses and growth prospects [1]

Shares of Ryanair (RYAAY) have gained 0.4% over the past four weeks to close the last trading session at $44.12, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.50 indicates a potential upside of 28.1%.The average comprises four short-term price targets ranging from a low of $52 to a high of $62, with a standard deviation of $4.20. While the lowest estimate indicates an incr ...

Ryanair Holdings (RYAAY) has been benefiting from upbeat passenger volumes, fleet modernization techniquesand consistent shareholder-friendly initiatives. The positive sentiment surrounding RYAAY stock is evident from the fact that the Zacks Consensus Estimate for the fourth quarter of 2024 earnings has been revised upward in the past 90 days.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for fourth-quarter 2024 earnings per share indicates more than 100% growth from the respective 2023 ...

The stronger-than-expected recovery of air travel demand following the end of the pandemic is supporting growth of the Zacks Transportation - Airline industry. While air travel demand is particularly strong on the leisure front, it is heartening to note that business demand has made an impressive comeback. Passenger volumes moved northward during the summer season and during the Thanksgiving holiday period this year. The latest positive update on airlines is the bullish projection for 2025 by the Internatio ...