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A glance at some of the day's highlights from the Proactive Investors newswire
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LON:RYA
Ryanair operates a scheduled passenger airline serving routes between Ireland, the United Kingdom, Continental Europe and Morocco. It claims to be Europe's largest airline and is the parent company of Ryanair DAC, Ryanair UK, Buzz and Lauda airlines
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A glance at some of the day's highlights from the Proactive Investors newswire
Ryanair had been Exane BNP’s preferred pick of the two, but analysts there downgraded it to ‘neutral’ from ‘outperform’ whilst moving rival Easyjet in the opposite direction
The retailer has been pulling investment from its high street stores and putting it into the ‘travel’ side of its business, which is benefitting from an increase in plane and rail passengers
The City broker also raised its target price for the FTSE 100-listed firm to 1,800p from 1,250p, with the stock having closed trading on Monday at 1,778.5p
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The consolidation in Europe's airline sector underlines the pressures companies are facing from fierce competition and rising fuel costs
Higher staff and fuel costs are expected to impact Ryanair's bottom line in fiscal year 2019
Investments and investor services
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
Concerns on margin pressures and upcoming results from competitors will likely lead to a review of the airline's prospects once the high of today's results wears off
Investments and investor services
Ryanair and EasyJet are among the Swiss bank's 'buy' stocks in the airline sector, which has overall "performed negatively".
easyJet was forced to cancel more than 1,000 flights due to adverse weather conditions across Europe and a further 200 due to industrial action in France and Italy
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The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
Wizz Air said it added nine new routes to and from Austria, and one new route to and from Bosnia and Herzegovina
Passenger numbers rose 4% to 5.5 million last month
Ryanair failed to lift its load factor in February for the first time in almost a year while IAG's grew and Wizz Air's declined
Ryanair reported a 12% increase in third quarter profits despite cancelling thousands of flights due to a rostering cock-up
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
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After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
The announcement follows a U-turn in policy for the budget airline in December
Morgan Stanley upgraded its rating on easyJet to ‘overweight’ from ‘equal-weight’
“Looking at our 12 to 18-month price target, we see up and downside better balanced and the stock currently close to fair-value”