Ryanair: traffic down, Mainfirst stays on 'buy'
(CercleFinance.com) - In September, Ryanair transported 5.
1 million passengers, a decline of 64% compared to September 2019. On a rolling annual basis, traffic was down by 47% to 79.9 million passengers, compared to 150.3 million previously.
Due to the pandemic, the company ran 53% of its flights in September with an average load factor of 71%. Mainfirst however cites a report by The Independent indicating that the company plans to place an order for 150 to 200 Boeing 737 MAX planes.
Finally, the analyst maintains its 'buy' recommendation.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
1 million passengers, a decline of 64% compared to September 2019. On a rolling annual basis, traffic was down by 47% to 79.9 million passengers, compared to 150.3 million previously.
Due to the pandemic, the company ran 53% of its flights in September with an average load factor of 71%. Mainfirst however cites a report by The Independent indicating that the company plans to place an order for 150 to 200 Boeing 737 MAX planes.
Finally, the analyst maintains its 'buy' recommendation.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.