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Ryanair Chief Executive Michael O'Leary warned on Thursday that the Russia-Ukraine war would be an ongoing issue for all European airlines for years to come, a day after Poland shot down suspected Russian drones in its airspace.
It is time to stop buying Ryanair Holdings PLC (LSE:RYA) shares, that's according to Goldman Sachs, which has cut its rating on the airline to ‘Neutral', citing a 'normalisation' in valuation and a softer near-term earnings outlook. Analysts at the American bank said catalysts that previously supported the shares have now played out, whilst medium-term growth expectations remain intact.
Irish airline Ryanair said on Wednesday it was cutting its passenger capacity in Spain for next winter by 1 million seats in response to what it called a "shameless" fee hike announced by the airport operator Aena.
Shares in easyJet and British Airways owner IAG fell after Ryanair Holdings PLC (LSE:RYA) released its winter schedule and said it wants to increase UK flights by a third. The Dublin-based airline said it expects 60 million passengers in 2025 and has submitted exciting plans to Downing Street to grow traffic by 33% to 80 million over the next five years.
Ryanair Chief Executive Michael O'Leary has said sustainability targets for aviation are "dying a death", with the sector set to miss both 2030 targets for sustainable aviation fuel and a 2050 net zero mandate.
Ryanair expects that Boeing will boost its monthly output of 737 jets to 42 per month from 38 by October, the airline's chief executive Michael O'Leary told journalists on Wednesday.
Boeing has bumped up its delivery schedule to budget carrier Ryanair , with 25 new aircraft expected to be delivered by October instead of the spring of next year, the airline's CEO Michael O'Leary said on Wednesday.
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