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Ryanair (RYAAY) Provides Bullish Forecast for July Travel
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With air-travel demand returning gradually, European low-cost carrier RyanairHoldings (RYAAY - Free Report) offered a rosy forecast with respect to the same for July. Per a Reuters report, the airline expects to carry more than 4.5 million passengers on its flights in the month.
Even though the above reading marks a 70% decline from the actual number of passengers flown in last July, the same represents a marked improvement from the coronavirus-ravaged months of April and May. In fact we expect the June traffic numbers — to be released shortly — to sharply rise from the April and May readings.
Moreover, Ryanair expanded its flight schedule to meet the anticipated increase in July traffic. Evidently, this presently Zacks Rank #3 (Hold) carrier aims to restore almost 90% of its routes from today. However, the routes will have fewer flights in operation than normal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
As part of the strengthened flight network, Ryanair opened more than 60 routes to/from Austria beginning today. Further, the Vienna A320 base of Ryanair’s Austrian unit, Laudamotion, reopened today.
Apart from Ryanair, its counterparts in the United States, namely American Airlines (AAL - Free Report) and United Airlines (UAL - Free Report) are boosting their capacity. Both stocks currently carry the same Zacks Rank as Ryanair.
Key Pick
A better-ranked stock in the broader Transportation sector is Scorpio Tankers (STNG - Free Report) , holding a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Scorpio Tankers’ current-year earnings has been revised 55% upward in the past 60 days.
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Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Ryanair (RYAAY) Provides Bullish Forecast for July Travel
With air-travel demand returning gradually, European low-cost carrier Ryanair Holdings (RYAAY - Free Report) offered a rosy forecast with respect to the same for July. Per a Reuters report, the airline expects to carry more than 4.5 million passengers on its flights in the month.
Even though the above reading marks a 70% decline from the actual number of passengers flown in last July, the same represents a marked improvement from the coronavirus-ravaged months of April and May. In fact we expect the June traffic numbers — to be released shortly — to sharply rise from the April and May readings.
Moreover, Ryanair expanded its flight schedule to meet the anticipated increase in July traffic. Evidently, this presently Zacks Rank #3 (Hold) carrier aims to restore almost 90% of its routes from today. However, the routes will have fewer flights in operation than normal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
As part of the strengthened flight network, Ryanair opened more than 60 routes to/from Austria beginning today. Further, the Vienna A320 base of Ryanair’s Austrian unit, Laudamotion, reopened today.
Apart from Ryanair, its counterparts in the United States, namely American Airlines (AAL - Free Report) and United Airlines (UAL - Free Report) are boosting their capacity. Both stocks currently carry the same Zacks Rank as Ryanair.
Key Pick
A better-ranked stock in the broader Transportation sector is Scorpio Tankers (STNG - Free Report) , holding a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Scorpio Tankers’ current-year earnings has been revised 55% upward in the past 60 days.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>