Ryanair shares up after record H1 results
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%.
(Video Transcript)
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%.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
