Ryanair (RYAAY) February Traffic Increases From 2023 Levels

04.03.24 17:00 Uhr

Ryanair Holdings RYAAY reported solid traffic numbers for February 2024, driven by upbeat air-travel demand. The number of passengers ferried on RYAAY flights in February was 11.10 million, which implies that 5% more passengers flew than a year ago.The load factor (percentage of seats filled by passengers) was high at 92% in February 2024. The reading was similar in the year-ago period.RYAAY operated more than 63,000 flights in February 2024. However, 800 flights got canceled due to the Israel/Gaza conflict.Owing to buoyant air travel demand, shares of Ryanair have gained 40% over the past year, which compares favorably with 7.4% growth of the Zacks Airline industry.Image Source: Zacks Investment ResearchRyanair still expects traffic for fiscal 2024 to be 183.5 million despite headwinds like Boeing delivery delays. It has narrowed its fiscal 2024 view for profit after tax or PAT. The airline now expects fiscal 2024 PAT in the range of €1.85-€1.95 billion (the previous expectation was in the €1.85-€2.05 billion range).Zacks Rank and Stocks to ConsiderRYAAY currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Zacks Transportationsector are GATXCorporation GATX, SkyWest, Inc. SKYW and Copa Holdings, S.A. CPA. Each stock presently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.GATX has an encouraging track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark in the remaining one). The average beat is 16.47%.The Zacks Consensus Estimate for 2024 earnings has been revised 6.1% upward over the past 90 days. GATX has an expected earnings growth rate of 3.68% for 2024. Shares of GATX have gained 19.5% in the past year.SkyWest's fleet-modernization efforts are commendable. The Zacks Consensus Estimate for SKYW’s 2024 earnings has improved 11.1% over the past 90 days. Shares of SKYW have surged 222.2% in the past year.SKYW has an expected earnings growth rate of more than 100% for 2024. SKYW delivered a trailing four-quarter earnings surprise of 128.02%, on average.CPA has an encouraging track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in three of the last four quarters (missing the mark in the remaining one). The average beat is 18.02%.The Zacks Consensus Estimate for CPA’s 2024 earnings has been revised 7.1% upward over the past 90 days. Shares of CPA have gained 3.4% in the past year.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report GATX Corporation (GATX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Ryanair Holdings plc (Spons. ADRS)

Analysen zu Ryanair Holdings plc (Spons. ADRS)

DatumRatingAnalyst
27.05.2015Ryanair In-lineImperial Capital
19.12.2014Ryanair OutperformImperial Capital
16.07.2012Ryanair neutralHSBC
12.06.2008Ryanair kaufen (Update)Nasd@q Inside
12.06.2008Ryanair kaufen Korrekturaktiencheck.de
DatumRatingAnalyst
19.12.2014Ryanair OutperformImperial Capital
12.06.2008Ryanair kaufen (Update)Nasd@q Inside
12.06.2008Ryanair kaufen Korrekturaktiencheck.de
03.01.2007Update Ryanair Holdings plc (Spons. ADRS): OverweiPrudential Securities
09.02.2006Update Ryanair Holdings plc (Spons. ADRS): BuySmith Barney Citigroup
DatumRatingAnalyst
27.05.2015Ryanair In-lineImperial Capital
16.07.2012Ryanair neutralHSBC
DatumRatingAnalyst

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