Ryanair (RYAAY) Posts Impressive June 2024 Traffic Numbers

Group 1: Ryanair Holdings (RYAAY) Performance - Ryanair reported solid traffic numbers for June 2024, with 19.3 million passengers transported, reflecting an 11% year-over-year increase [7] - Traffic increased by 9% in fiscal 2024, with management expecting an 8% growth in fiscal 2025, contingent on Boeing deliveries returning to contracted levels [2] - The June load factor was 95%, remaining flat sequentially and year-over-year, but higher than the 92% in April 2024 and 93% in March 2024 [4] Group 2: Operational Metrics - Ryanair operated over 106,000 flights in June 2024, an increase from 105,000 in May 2024, 98,400 in April 2024, and 77,000 in March 2024, despite nearly 400 flights being canceled due to air traffic control delays [10] - The traffic in June was significantly higher than previous months, with May at 18.9 million, April at 17.3 million, and March at 13.6 million [7] Group 3: Market Position and Rankings - Ryanair currently holds a Zacks Rank 3 (Hold) [5] - Other stocks in the transportation sector with better rankings include SkyWest, Inc. (SKYW) and Trinity Industries, Inc. (TRN), both carrying a Zacks Rank 2 (Buy) [11]