Jump to content

Ryanair shares up after record H1 results


MongiIG

Recommended Posts

Discount airline Ryanair has surpassed its pre-Covid levels of profitability and published a record number for the interims amid an increase in fares of 7%.

 Jeremy Naylor | Writer, London | Publication date: Monday 07 November 2022

Ryanair bucks the trend

It's tough for airlines post-Covid and into the economic downturn we're seeing at the moment, as we see many of them fail to regain the ground that we saw pre-Covid.

Not so for Ryanair. It's posted its largest ever after-tax profit for the first half (H1) of this financial year. Europe's largest airline by passenger numbers earned €1.37 billion in the period a record. Ryanair said it was hopeful it could deliver an after-tax profit of between €1bn and €1.2bn for the year through to the end of March.

Significantly, the numbers are better than they were pre-pandemic, and the question is, how has it done it? Well, fares are higher by a margin of 7% than they were in the pre-Covid 2020 financial year.

Share price chart

Let's take a look at the chart. We can see clearly on the Irish Exchange where it trades it's currently trading at 1271.

Now, this is up over 3% on the session today and at levels at the moment now, not seen since the 13th of September. It has nonetheless been difficult for shareholders after the highs we saw up to €18.40 trading at 1271.

The increase in numbers over the half-year would have been higher. But with the invasion of Ukraine according to Ryanair ticket take up was up 14% in the second half of the year, which is offset by lower first quarter fares. So the company is doing the best it can in the circumstances.

We'll have to see how things develop further on this, whether or not we see any further gains. But at the moment, at least, we're trading up on the session by a margin of over 3%.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.  When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.  I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong  
    • S&P 500, SPY, NASDAQ 100, QQQ, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical Analysis Elliott Wave Analysis Indices: Triple Witching Friday 21 June - SP500 and NASDAQ 100: Both indices are in Elliott Wave v of (iii) of iii) of 3 of (5) of 3) of I. The ETFs SPY and QQQ share the same pattern. - RUT (IWM), DAX, and FTSE 100: These indices are struggling to lift off lows. They may need another low to complete their corrective patterns. We are looking for long trade setups if certain levels are met. - ASX 200: Needs to develop support at 7800 to confirm an uptrend and avoid a larger Elliott Wave Triangle pattern. Trading Strategies: - Holding long positions in SP500, NASDAQ, SPY, and QQQ, which are currently the best trade positions. Video Chapters  00:00 SP 500 (SPX), SPY ETF 07:27 NASDAQ (NDX), QQQ ETF 13:39 Russell 2000 (RUT) IWM ETF 15:15 DAX 40 (DAX) 16:33 FTSE 100 UKX (UK100) 19:18 S&P/ASX 200 (XJO) 25:39 End Analyst Peter Mathers TradingLounge  
    • Non-Playable Coin (NPC) is a weird and wonderful experiment that smashes together meme culture, NFTs, and DeFi. It's like someone threw a bunch of internet trends into a blender and hit puree. But hey, that's kind of what makes it interesting. So, NPC has a massive token supply - like, a whopping 7.9 billion. That's basically the entire global population. It's like they're trying to make ownership a thing for the masses. And then there's the Meme Fungible Token (MFT), which is like a token shape-shifter. It can switch between ERC20 and ERC1155 standards, making it a flexible little beast. So, is NPC the ultimate meme coin for the NFT generation just because it got listed on Bitget? Nah, let's not get ahead of ourselves. It's an innovative project, sure, but it's not the only game in town. There are other meme coin and NFT hybrid projects worth exploring. What do you think, folks? Is NPC a brilliant mashup of memes, NFTs, and DeFi, or just a fleeting fad? Share your thoughts in the comments!"
×
×
  • Create New...
us