Ryanair Holdings PLC (RYAAY) shares are soaring 5.84% in pre-market trading on Monday following the release of its fiscal year-end results and an optimistic outlook for the coming year. The Irish budget airline's performance and future projections have sparked investor enthusiasm, driving the stock's significant uptick.
The company reported better-than-expected results for the quarter ended March 31, with an adjusted loss of 59 cents per share, beating analyst estimates of a 65 cents per share loss. Revenue rose 2.6% to $2.42 billion, also surpassing expectations. Looking ahead, Ryanair's management provided a robust outlook for fiscal 2026, with fares expected to increase by a mid-high-teen percentage in the first quarter compared to the previous year.
Chief Executive Officer Michael O'Leary highlighted strong summer demand across Europe in a Bloomberg Television interview, stating, "The whole of Europe seems to be traveling." This projection hints at a strong recovery in travel demand, reminiscent of the post-pandemic surge seen in spring 2023. Additionally, the company announced a new €750 million share buyback program, signaling confidence in its business plan and financial strength. Analysts suggest that Ryanair's outlook for fiscal 2026 could lead to upgrades in profit consensus estimates, potentially by about 200 million euros for the first quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.