Ryanair: Liberum confirms recommendation
(CercleFinance.com) - Ryanair faces new reductions in its winter schedules, bringing its capacity from 60% to 40% compared to the previous year.
This measure follows tightening travel restrictions in several European countries, which has led to a weakening in reservations.
“We cut our forecasts across the board to assume a more gradual recovery in capacity. However, the broad trends remain as expected, so our E12.50 target price and HOLD recommendation remain unchanged” says the broker.
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