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's February Traffic Up, Coronavirus Spread Rampant
Read MoreHide Full Article
Ryanair Holdings (RYAAY - Free Report) posted impressive February traffic figures as air-travel demand was solid in the month. Traffic (including 0.5 million from its LaudaMotion unit in Austria) rose 9% year over year to 10.5 million.
However, load factor (% of seats filled with passengers) remained unaltered at 96%. This low-cost carrier’s passenger growth excluding traffic from LaudaMotion unit was 8% in the month. On a rolling annual basis, total traffic increased 9% to 153.8 million. This Zacks Rank #1 (Strong Buy) Irish carrier operated more than 58,000 scheduled flights in February.
However, the carrier might not be able to replicate February’s stellar traffic results, at least in the near term. Notably, Ryanair will cut 25% of its Italian capacity in the Mar 17-Apr 8 time frame following reduced air-travel demand due to the rapid spread of the disease across many European countries.
As a result of this anticipated decline in bookings, traffic and load factor are likely be ‘lower than normal’ in March and April. In fact, Ryanair’s CEO Michael O'Leary warned of a "meaningful impact" of the virus on fourth-quarter fiscal 2020 (ending Mar 31, 2020) results.
Notably, Ryanair is not the only carrier to have trimmed its capacity due to the viral outbreak. U.S.-based carriers including American Airlines (AAL - Free Report) , United Airlines (UAL - Free Report) and the Latin American carrier LATAM Airlines (LTM - Free Report) also suspended various flights in the wake of the coronavirus onslaught beyond its country of origin, China.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
Image: Bigstock
Ryanair's February Traffic Up, Coronavirus Spread Rampant
Ryanair Holdings (RYAAY - Free Report) posted impressive February traffic figures as air-travel demand was solid in the month. Traffic (including 0.5 million from its LaudaMotion unit in Austria) rose 9% year over year to 10.5 million.
However, load factor (% of seats filled with passengers) remained unaltered at 96%. This low-cost carrier’s passenger growth excluding traffic from LaudaMotion unit was 8% in the month. On a rolling annual basis, total traffic increased 9% to 153.8 million. This Zacks Rank #1 (Strong Buy) Irish carrier operated more than 58,000 scheduled flights in February.
You can see the complete list of today’s Zacks #1 Rank stocks (Strong Buy) here.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
Coronavirus Woes May Weigh on Traffic Ahead
However, the carrier might not be able to replicate February’s stellar traffic results, at least in the near term. Notably, Ryanair will cut 25% of its Italian capacity in the Mar 17-Apr 8 time frame following reduced air-travel demand due to the rapid spread of the disease across many European countries.
As a result of this anticipated decline in bookings, traffic and load factor are likely be ‘lower than normal’ in March and April. In fact, Ryanair’s CEO Michael O'Leary warned of a "meaningful impact" of the virus on fourth-quarter fiscal 2020 (ending Mar 31, 2020) results.
Notably, Ryanair is not the only carrier to have trimmed its capacity due to the viral outbreak. U.S.-based carriers including American Airlines (AAL - Free Report) , United Airlines (UAL - Free Report) and the Latin American carrier LATAM Airlines (LTM - Free Report) also suspended various flights in the wake of the coronavirus onslaught beyond its country of origin, China.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>