Ryanair

• Country: Ireland
• Website: ryanair.com
• Callsign: Ryanair
• Codes: FR RYR

Ryanair, Europe’s largest low-cost carrier, is poised for a strong performance in 2024 despite potential economic headwinds. The airline reported record traffic numbers in May 2024, transporting 18.9 million passengers, an 11% increase compared to the previous year. This growth was driven by a robust demand for air travel, with Ryanair’s load factor improving to 95% from 94% in the same period.

Key highlights for Ryanair’s 2024 outlook include:

• Consistent traffic growth, with a 9% increase in fiscal 2024 and an anticipated 8% growth in fiscal 2025, contingent upon Boeing deliveries returning to contracted levels.
• Impressive stock performance, with Ryanair shares gaining 18.1% over the past year, outpacing the Zacks Airline industry’s 23.3% growth.
• Expansion of operations, with over 105,000 flights in May 2024, a significant increase from 98,400 flights in April 2024 and 77,000 flights in March 2024.

However, Ryanair CEO Michael O’Leary has expressed concerns about a “recessionary feel” potentially limiting air ticket price growth during the summer season. The airline’s summer fare growth is heavily dependent on close-in bookings, and O’Leary noted that while Boeing’s production quality was improving, delivery delays could impact Ryanair’s growth plans.

Despite these challenges, Ryanair remains confident in its ability to navigate the competitive landscape and maintain its position as a leading low-cost carrier in Europe. The company has announced a €700 million share buyback program, demonstrating its financial strength and commitment to shareholder value.