Ryanair is expected to underline its status as the number one short-haul carrier in Europe when it reports annual results on Monday.
Rivals easyJet, Wizzair and even flagship carriers such as IAG, BA’s owner, have been uniformly upbeat in their recent updates and Ryanair will be no different, brokers predict.
UBS see revenues at €10.9bn (consensus €10.7bn, 2022: €4.8bn) with net income at €1.45bn (Cons €1.39bn, 2022 -€355m).
“We think the company will continue to guide for 10% more traffic and continued growth in profits,” said the broker.
Furthermore, the airline should guide for CASK (cost per seat) to be down so it is “conceivable that the company could be close to net debt neutrality”.
Deutsche Bank recently upgraded its share price target to €20 on the basis that a bullish statement Monday will send the share price soaring.
In terms of passengers, Deutsche Bank sees 183mln travelling in 2024 (RYA target 185mln) a 2% increase from its earlier forecast and 202mln in 2025, up 4% from its previous target.
The Dublin-listed shares were trading at €16.18 on Friday.