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Ryanair (RYAAY) July Traffic Results Hurt By Coronavirus Woes
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Ryanair Holdings (RYAAY - Free Report) posted bland traffic numbers for July, primarily due to weak air travel demand stemming from the COVID-19 pandemic. This Irish carrier reported a 70% year-over-year plunge in July traffic to 4.4 million passengers.
Ryanair operated approximately 40% of the normal July schedule with a load factor (% of seats filled with passengers) of 72%. On a rolling annual basis, total traffic at Ryanair (including the LaudaMotion unit) declined 35% to 96.8 million.
Apart from the traffic results, Ryanair was in the news recently when it reported first-quarter fiscal 2021 (ended Jun 30, 2020) financials. The company incurred a loss of 93 cents per share in the first quarter of fiscal 2021 (ended Jun 30, 2020). As was the case with the traffic report, dismal air-travel demand hurt quarterly results. Notably, the carrier regarded the fiscal first-quarter as the most challenging in its 35 years of history with EU governments’ travel restrictions and lockdowns across several nations. More than 99% of the airline’s fleet was grounded from mid-March to June-end. Quarterly revenues of $137.8 million plunged 94.7% year over year due to massive decline in traffic.
Ryanair flying schedules are expected to increase in the coming months, with the airline hoping to operate 60% of the usual schedule in August and 70% in September.
Better-ranked stocks in the Zacks Transportation sector are C.H. Robinson Worldwide, Inc. (CHRW - Free Report) , Werner Enterprises, Inc. (WERN - Free Report) and United Parcel Service, Inc. (UPS - Free Report) , all sporting a Zacks Rank #1.
Long-term earnings (three to five years) growth rate for C.H. Robinson, Werner and United Parcel is estimated at 9%, 8.5% and 7.7%, respectively.
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A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Ryanair (RYAAY) July Traffic Results Hurt By Coronavirus Woes
Ryanair Holdings (RYAAY - Free Report) posted bland traffic numbers for July, primarily due to weak air travel demand stemming from the COVID-19 pandemic. This Irish carrier reported a 70% year-over-year plunge in July traffic to 4.4 million passengers.
Ryanair operated approximately 40% of the normal July schedule with a load factor (% of seats filled with passengers) of 72%. On a rolling annual basis, total traffic at Ryanair (including the LaudaMotion unit) declined 35% to 96.8 million.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
Apart from the traffic results, Ryanair was in the news recently when it reported first-quarter fiscal 2021 (ended Jun 30, 2020) financials. The company incurred a loss of 93 cents per share in the first quarter of fiscal 2021 (ended Jun 30, 2020). As was the case with the traffic report, dismal air-travel demand hurt quarterly results. Notably, the carrier regarded the fiscal first-quarter as the most challenging in its 35 years of history with EU governments’ travel restrictions and lockdowns across several nations. More than 99% of the airline’s fleet was grounded from mid-March to June-end. Quarterly revenues of $137.8 million plunged 94.7% year over year due to massive decline in traffic.
Ryanair flying schedules are expected to increase in the coming months, with the airline hoping to operate 60% of the usual schedule in August and 70% in September.
Zacks Rank & Key Picks
Ryanair, currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Better-ranked stocks in the Zacks Transportation sector are C.H. Robinson Worldwide, Inc. (CHRW - Free Report) , Werner Enterprises, Inc. (WERN - Free Report) and United Parcel Service, Inc. (UPS - Free Report) , all sporting a Zacks Rank #1.
Long-term earnings (three to five years) growth rate for C.H. Robinson, Werner and United Parcel is estimated at 9%, 8.5% and 7.7%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>