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Ryanair (RYAAY) Sees Improved Bookings for Summer Travel
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With the start of the summer travel period, Ryanair Holdings (RYAAY - Free Report) is seeing growing passenger numbers despite coronavirus-led travel restrictions, per a Reuters report.
In an interview with Reuters on Wednesday, Ryanair’s chief executive officer, Michael O'Leary, stated that bookings had significantly recovered over the last eight weeks, with increased number of bookings to Portugal and other popular destinations from Germany, Scandinavia, and the Benelux countries.
Per the report, O'Leary said, "Traffic is mushrooming and a lot of that folk are families going on summer holidays to the beaches of Portugal, Spain, Greece and Italy." He further added that the airline expected to fly 80-100 million passengers in fiscal 2022. Due to travel restrictions and lockdowns imposed by several European governments, the airline carried a mere 27.5 million passengers in fiscal 2021, compared with 149 million in fiscal 2020.
With increased vaccinations in the European Union and the resultant improvement in air-travel demand, Ryanair’s May traffic surged to 1.8 million guests from a mere 0.07 million in the year-ago period.
Shares of C.H. Robinson, Expeditors and Covenant Logistics have rallied more than 22%, 71% and 60% in a year’s time, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022. Click here for the 4 trades >>
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Ryanair (RYAAY) Sees Improved Bookings for Summer Travel
With the start of the summer travel period, Ryanair Holdings (RYAAY - Free Report) is seeing growing passenger numbers despite coronavirus-led travel restrictions, per a Reuters report.
In an interview with Reuters on Wednesday, Ryanair’s chief executive officer, Michael O'Leary, stated that bookings had significantly recovered over the last eight weeks, with increased number of bookings to Portugal and other popular destinations from Germany, Scandinavia, and the Benelux countries.
Per the report, O'Leary said, "Traffic is mushrooming and a lot of that folk are families going on summer holidays to the beaches of Portugal, Spain, Greece and Italy." He further added that the airline expected to fly 80-100 million passengers in fiscal 2022. Due to travel restrictions and lockdowns imposed by several European governments, the airline carried a mere 27.5 million passengers in fiscal 2021, compared with 149 million in fiscal 2020.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
With increased vaccinations in the European Union and the resultant improvement in air-travel demand, Ryanair’s May traffic surged to 1.8 million guests from a mere 0.07 million in the year-ago period.
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are C.H. Robinson Worldwide (CHRW - Free Report) , Expeditors International of Washington (EXPD - Free Report) and Covenant Logistics Group (CVLG - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of C.H. Robinson, Expeditors and Covenant Logistics have rallied more than 22%, 71% and 60% in a year’s time, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>