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Ryanair Holdings PLC (RYAAY) - free report >>
Expeditors International of Washington, Inc. (EXPD) - free report >>
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Ryanair Holdings PLC (RYAAY) - free report >>
Expeditors International of Washington, Inc. (EXPD) - free report >>
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Ryanair (RYAAY) Cuts Fiscal 2022 Guidance on Omicron-Led Woes
Ryanair Holdings (RYAAY - Free Report) has reduced its fiscal 2022 guidance as Omicron fears and travel restrictions across Europe have weakened close-in Christmas & New Year bookings.
RYAAY now anticipates fiscal 2022 traffic to be little less than 100 million passengers compared with the previous expectation of just above 100 million. Net loss is expected to be in the range of €250-€450 million compared with the previously guided range of €100-€200 million.
Ryanair has lowered its December traffic forecast to 9-9.5 million passengers from 10-11 million expected earlier. The traffic forecast has been lowered due to the effects of government travel restrictions, especially France and Germany’s ban on UK travelers and the suspension of EU flights to/from Morocco. The airline has slashed its planned January schedule capacity by 33%. It now expects January traffic to be 6-7 million from 10 million expected previously. RYAAY is yet to decide on schedule cutbacks for February and March 2022.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks within the broader Transportation sector:
ArcBest Corporation (ARCB - Free Report) flaunts a Zacks Rank #1 (Strong Buy). The company has a stellar earnings surprise history. It has outperformed the Zacks Consensus Estimate for earnings in each of the preceding four quarters, the average surprise being 27.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ArcBest have surged more than 100% so far this year.
Expeditors International of Washington (EXPD - Free Report) carries a Zacks Rank #1. The company’s earnings have outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 29.1%.
Shares of Expeditors have appreciated more than 36% so far this year.
Schneider National (SNDR - Free Report) carries a Zacks Rank #1. The company’s earnings have trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 21%.
Shares of Schneider National have rallied more than 25% so far this year.