Ryanair Holdings plc (RYAAY - Free Report) unveiled a busy London schedule for the summer of 2018, even as it reiterated Brexit-related fears. The schedule announced by the low-cost carrier features a record of 168 routes.
The carrier aims to transport 24.8 million customers this year from the three London airports — Stansted, Gatwick and Luton. In fact, the roster includes five new Stansted routes to Denmark’s Aalborg, Germany’s Dusseldorf (four times a week) and Frankfurt (twice a week), Romania’s Oradea (thrice a week) and Czech Republic’s Pardubice (thrice a week). Another recently- introduced route connects Luton airport with Bydgoszcz in Poland.
Ryanair’s busy schedule through London airports is likely to create multiple jobs. The Irish carrier however stressed its fears pertaining to Brexit and also highlighted the need for clarity before it publishes the schedule for summer of 2019, next year.
The airline warned against some disruption in services between the UK and Europe from April 2019 onward, in the event of the UK exiting the EU. In worst cases, Ryanair might also be forced to cancel some flights.
Ryanair has also been in news due to its opposition to the potential takeover of the bankrupt Air Berlin by Germany’s Deutsche Lufthansa (DLAKY - Free Report) . Per a Reuters report, the Irish company believes that Lufthansa aims to stop Ryanair from expanding in Germany through this proposed buyout.
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #2 (Buy). Investors interested in the airline space may also consider the likes of SkyWest, Inc. (SKYW - Free Report) and GOL Linhas Aereas Inteligentes S.A. (GOL - Free Report) . While SkyWest sports a Zacks Rank #1 (Strong Buy), GOL Linhas carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
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