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Ryanair (RYAAY) Adjusts FY22 View as Air Traffic Improves
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Betterment of air-travel demand led Ryanair Holdings (RYAAY - Free Report) to give an improved outlook for fiscal 2022 (ended Mar 31). Detailed results will be out on May 16.
Owing to expanded passenger volumes, the European carrier, currently carrying a Zacks Rank #3 (Hold), expects a loss in fiscal 2022 in the €350-€400 million range. The earlier outlook was of a loss in the €250-€450 million band. The forecast of a narrower loss comes on the back of an uptick in air traffic at Ryanair for the month of March, which exceeded the pre-pandemic levels.
Evidently, in March 2022, RYAAY transported 11.2 million passengers, above the 0.5 million carried in March 2021, 5.5 million in March 2020 and 10.9 million in the pre-pandemic era of March 2019.
Due to increased traffic, load factor (% of seats filled by passengers) rose to 87% in the month compared with 77% year ago. In February 2022, RYAAY attracted a traffic of 8.7 million passengers. The buoyant traffic data ahead of the Easter holidays certainly bodes well. The presence of these holidays this month is likely to boost traffic further.
The improvement in air-travel demand despite headwinds like the Russia-Ukraine crisis is evident from the fact that air traffic at Ryanair exceeded 97 million in fiscal 2022, way above 27.5 million recorded in fiscal 2021. The fiscal 2022 figure is, however, below the pre-pandemic peak level of 149 million.
Some better-ranked stocks within the broader Transportation sector are as follows:
USA Truck currently sports a Zacks Rank #1. USAK’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average surprise being 64.4%.
Shares of USA Truck have increased 12% in the past six months. Improving freight conditions are aiding USAK.
GATX Corporation (GATX - Free Report) currently flaunts a Zacks Rank of 1. GATX has an impressive surprise history, with its earnings having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 27.7%.
Shares of GATX have also appreciated more than 32% in the past six months. Efforts to reward its shareholders through dividends and buybacks are very encouraging.
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Ryanair (RYAAY) Adjusts FY22 View as Air Traffic Improves
Betterment of air-travel demand led Ryanair Holdings (RYAAY - Free Report) to give an improved outlook for fiscal 2022 (ended Mar 31). Detailed results will be out on May 16.
Owing to expanded passenger volumes, the European carrier, currently carrying a Zacks Rank #3 (Hold), expects a loss in fiscal 2022 in the €350-€400 million range. The earlier outlook was of a loss in the €250-€450 million band. The forecast of a narrower loss comes on the back of an uptick in air traffic at Ryanair for the month of March, which exceeded the pre-pandemic levels.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Evidently, in March 2022, RYAAY transported 11.2 million passengers, above the 0.5 million carried in March 2021, 5.5 million in March 2020 and 10.9 million in the pre-pandemic era of March 2019.
Due to increased traffic, load factor (% of seats filled by passengers) rose to 87% in the month compared with 77% year ago. In February 2022, RYAAY attracted a traffic of 8.7 million passengers. The buoyant traffic data ahead of the Easter holidays certainly bodes well. The presence of these holidays this month is likely to boost traffic further.
The improvement in air-travel demand despite headwinds like the Russia-Ukraine crisis is evident from the fact that air traffic at Ryanair exceeded 97 million in fiscal 2022, way above 27.5 million recorded in fiscal 2021. The fiscal 2022 figure is, however, below the pre-pandemic peak level of 149 million.
Some better-ranked stocks within the broader Transportation sector are as follows:
USA Truck currently sports a Zacks Rank #1. USAK’s earnings surpassed the Zacks Consensus Estimate in three of the preceding four quarters (in line in one), the average surprise being 64.4%.
Shares of USA Truck have increased 12% in the past six months. Improving freight conditions are aiding USAK.
GATX Corporation (GATX - Free Report) currently flaunts a Zacks Rank of 1. GATX has an impressive surprise history, with its earnings having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 27.7%.
Shares of GATX have also appreciated more than 32% in the past six months. Efforts to reward its shareholders through dividends and buybacks are very encouraging.