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Jan 27 2025, 06:50 GMT
Ryanair Holdings
Excellent Q3, all set for summer
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
Ryanair beat estimates in Q3 (net income €149m, consensus €60m, Davy €64m) and is guiding FY25 net income of €1.55-1.61bn (consensus €1.542bn, Davy €1.6bn). Guidance is constructive with strong bookings into the summer. We are likely to broadly maintain our FY25 net income numbers at ~€1.6bn but push up FY26 to ~€2bn (from €1,918.2m) as we believe a late Easter, favourable comparables, OTA deals and capacity trends bode well. Balance sheet and market leadership remain industry leading.
