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Ryanair Holdings (NASDAQ:RYAAY) plc saw its shares rise 2.08% to $59.50 on Tuesday following positive commentary from CEO Michael O’Leary about the airline’s summer booking performance. Speaking from Warsaw, O’Leary reaffirmed that demand for travel shows no signs of cooling despite recent European heatwaves, with strong bookings and rising ticket prices continuing into summer 2025. The Irish low-cost carrier is scheduled to release its first-quarter results on July 21, with market consensus anticipating a doubling of after-tax profit for the quarter ending in June.
Ryanair Holdings PLC’s Strong Performance Drives Optimism for RYAAY
CEO Michael O’Leary emphasized that bookings into summer 2025 remain strong with prices rising, particularly for popular destinations including Italy, Greece, Spain, the Balearics, the Canaries, and Morocco.
The airline expects to recover most, but not all, of the 7% decline in average fares recorded last year as consumers dealt with high interest rates. O’Leary dismissed concerns about extreme weather affecting travel patterns, describing recent heatwaves as a “temporary phenomenon” that has not impacted demand.
Market consensus anticipates Ryanair’s after-tax profit for the first quarter ending in June will double compared to the previous year, a forecast that O’Leary stated the company sees “no reason to alter or object to.”
The positive booking trends and pricing recovery suggest the airline is successfully navigating the challenging operating environment while maintaining its competitive position in the European low-cost carrier market.
Ryanair Shares Edge Up in Premarket Trading
Ryanair shares closed at $58.29 on Monday, up 0.85%, before climbing an additional 2.08% to $59.50 in premarket trading on Tuesday morning. The stock currently trades with a market capitalization of $30.93 billion and a PE ratio of 16.99, with earnings per share of $3.43. The company maintains a forward dividend yield of 1.62% and is scheduled to report earnings on July 21, 2025.
Beyond the positive booking news, O’Leary announced significant expansion plans for Warsaw’s Modlin airport, where Ryanair intends to treble passenger numbers to more than 5 million annually by 2030. The airline plans to invest $400 million in Modlin and double its aircraft presence there from four to eight planes, while continuing operations at Warsaw’s main Okecie airport.
This expansion comes after resolving a three-year fare dispute that had reduced air traffic at Modlin, with O’Leary now predicting it will become “the fastest growing airport in Poland.”
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