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
  • General Statistics

    • Total Topics
      21,639
    • Total Posts
      91,931
    • Total Members
      41,926
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    NormanFu
    Joined 27/03/23 07:51
  • Posts

    • EUR/USD, EUR/GBP and GBP/USD volatility is on the wane Outlook on EUR/USD, EUR/GBP and GBP/USD likely to calm down following last week’s volatility.  Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 27 March 2023  EUR/USD hovers above support EUR/USD’s sharp decline from last week’s $1.0929 high amid worries surrounding Deutsche Bank’s double-digit fall in its share price, leading to flight-to-quality flows into the US dollar, pushed the cross to Friday’s low at $1.0714, to marginally below the 55-day simple moving average (SMA) at $1.0736, before closing above it late last week. On Monday morning the currency pair is trying to remain above the moving average and the March tentative trendline at $1.0742. While this is the case, the mid-February high at $1.0804 may be revisited. Minor resistance above $1.0804 can be spotted between Thursday’s low at $1.0825 and Friday’s intraday high at $1.0837. Where a drop through Friday’s low at $1.0714 to be seen, however, the early March high at $1.0695 would be eyed. Source: IT-Finance.com EUR/GBP’s slide from last week’s £0.8865 high shows no sign of stopping just yet EUR/GBP’s rally to Thursday’s £0.8865 high has been followed by the last few days descent to Friday’s low at £0.8777 as the euro weakened due to the banking crisis surrounding Germany’s largest bank Deutsch Bank. A fall through £0.8777 would likely engage the February low at £0.8755. Resistance can be found at Thursday’s £0.8814 low and also comes in along the 55-day SMA at £0.8834 and at the 15 March high at £0.8843. Source: IT-Finance.com GBP/USD hovers below last week’s high at $1.2343 GBP/USD’s advance stalled at Thursday’s $1.2343 high with it dropping to $1.2191 before stabilising. Provided that this low underpins, the 24 January low and mid-February high at $1.2263 to $1.227 may be revisited, a rise above which would lead to the $1.2343 high seen last week being back in the frame. Only and advance above Thursday’s high at $1.2343 would push the December and January highs at $1.2446 to $1.2448 to the fore. Below Friday’s low at $1.2191 meanders the 55-day SMA at $1.2154 which may act as support, were it to be revisited. Source: IT-Finance.com
    • Charting the Markets: 27 March With the weekend having a restorative effect on market sentiment, the FTSE 100, DAX 40 and Nasdaq 100 may be on track for a second positive week in a row. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 27 March 2023  Meanwhile EUR/USD and GBP/USD trade in lower volatility and EUR/GBP continues to slide. With the banking crisis abating, the price of gold drops alongside that of crude oil and copper.             This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Hi @jamiepark Thanks for reaching out. Could you please confirm the full name of the stock and what the status or error message was on the platform. Thanks, OfentseIG
×
×
  • Create New...