We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ryanair (RYAAY) Unveils Strategy for Carbon-Neutral Goal
Read MoreHide Full Article
Ryanair Holdings (RYAAY - Free Report) has unveiled its decarbonisation strategy as the airline aims to become carbon neutral by 2050.
RYAAY expects 34% of the decarbonisation to take place through the increased use of sustainable aviation fuels (SAF). To this end, the airline is trying to accelerate the supply of SAF by working with the European Union and fuel suppliers. The company has partnered with Trinity College Dublin to establish Ryanair Sustainable Aviation Research Centre, which should help in research on SAF, Zero Carbon Aircraft Propulsion Systems and Noise Mapping.
Ryanair anticipates 32% of the decarbonisation to happen via technological & operational improvements. The company intends to continue investing in new technology and aircraft. It has invested $22 billion to purchase 210 Boeing 737-8200 ‘Gamechanger’ aircraft, which can carry 4% more passengers, reduce fuel consumption and carbon dioxide emissions by 16%.
Ryanair expects to reduce emissions by offsetting measures. Carbon capture offset projects and government policies and reforms, such as the introduction of the Single European Sky ATM Research (SESAR), are expected to help RYAAY meet 24% of its decarbonation target. The company expects to achieve the remaining 10% of its decarbonization target through better air traffic management.
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Transportation sector are as follows:
USA Truck sports a Zacks Rank #1 (Strong Buy). The company’s earnings have surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average surprise being 64.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of USA Truck have rallied more than 56% in the past six months.
GATX Corporation (GATX - Free Report) carries a Zacks Rank #2 (Buy). The company has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.7%.
Shares of GATX have appreciated more than 41% in the past six months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ryanair (RYAAY) Unveils Strategy for Carbon-Neutral Goal
Ryanair Holdings (RYAAY - Free Report) has unveiled its decarbonisation strategy as the airline aims to become carbon neutral by 2050.
RYAAY expects 34% of the decarbonisation to take place through the increased use of sustainable aviation fuels (SAF). To this end, the airline is trying to accelerate the supply of SAF by working with the European Union and fuel suppliers. The company has partnered with Trinity College Dublin to establish Ryanair Sustainable Aviation Research Centre, which should help in research on SAF, Zero Carbon Aircraft Propulsion Systems and Noise Mapping.
Ryanair anticipates 32% of the decarbonisation to happen via technological & operational improvements. The company intends to continue investing in new technology and aircraft. It has invested $22 billion to purchase 210 Boeing 737-8200 ‘Gamechanger’ aircraft, which can carry 4% more passengers, reduce fuel consumption and carbon dioxide emissions by 16%.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
Ryanair expects to reduce emissions by offsetting measures. Carbon capture offset projects and government policies and reforms, such as the introduction of the Single European Sky ATM Research (SESAR), are expected to help RYAAY meet 24% of its decarbonation target. The company expects to achieve the remaining 10% of its decarbonization target through better air traffic management.
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Transportation sector are as follows:
USA Truck sports a Zacks Rank #1 (Strong Buy). The company’s earnings have surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average surprise being 64.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of USA Truck have rallied more than 56% in the past six months.
GATX Corporation (GATX - Free Report) carries a Zacks Rank #2 (Buy). The company has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.7%.
Shares of GATX have appreciated more than 41% in the past six months.