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4 stories mentioning RYA.IRUpdated 20d ago

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Italian Competition Watchdog Probes EasyJet Over Bundled Baggage Charges
US Markets

Italian Competition Watchdog Probes EasyJet Over Bundled Baggage Charges

Italy's antitrust authority launched an investigation into British low-cost airline easyJet (EZJ.L) over a potential lack of transparency in baggage pricing.The Italian Competition Authority, or AGCM, on Tuesday said easyJet provides only the average price for check-in baggage and sports equipment on round trips, and sets bundled purchases as the default option, potentially misleading customers who wanted the service for only one leg of their journey.To buy the service for only half the trip, customers would need to take steps to override easyJet's default option, the watchdog noted, adding that the probe was initiated because easyJet did not change its practices after being called out on the matter.The investigation follows the AGCM's broader scrutiny into the travel industry for potentially "misleading and aggressive" commercial practices. Most recently, online travel agency eDreams Odigeo (EDR.MC) was imposed a 9 million-euro penalty in February for using "deceptive" design strategies and manipulative techniques to pressure consumers into signing up for its "eDreams Prime" subscription service.The regulator also fined Irish budget airline Ryanair (RYA.IR) 255.8 million euros in December 2025 for complicating the process for travel agencies to purchase flights through its website.Meanwhile, another low-cost airline, Wizz Air (WIZZ.L), was charged 500,000 euros by the AGCM in November 2025 for deceptive and ambiguous advertising of its "All You Can Fly" annual subscription.

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Research

AlphaValue/Baader Europe Downgrades Ryanair Holdings to Reduce

AlphaValue/Baader Europe on Monday downgraded budget airline Ryanair Holdings (RYA.IR) to reduce from add and kept the price target at 25.50 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Ryanair Profit Beats Consensus in Fiscal 2026; Shares Drop as Rising Fuel Clouds Outlook
US Markets

Ryanair Profit Beats Consensus in Fiscal 2026; Shares Drop as Rising Fuel Clouds Outlook

Ryanair Holdings (RYA.IR) shares slipped 3% in early Monday trade as incoming clouds of lower fares and inflationary pressure eclipsed a 3% profit beat in fiscal 2026.Citing a 4% increase in traffic with 10% higher fares, the Irish budget airline booked a yearly rise in profit attributable to equity holders of the parent for the 12 months ended March 31 to 2.17 billion euros from 1.61 billion euros. Before exceptionals, including a provision for a fine from the Italian Competition Authority, profit jumped 40% to 2.26 billion euros, ahead of the company-compiled consensus of 2.2 billion euros.Total operating revenue climbed to 15.54 billion euros from 13.95 billion euros a year ago. The 11% rise was attributed to a 14% gain in scheduled revenue to 10.56 billion euros as Ryanair recovered from a 7% decline in fares in fiscal 2025. Ancillary revenue rose 6% to 4.99 billion euros.Subject to approval at the annual general meeting, management proposed a final dividend of 0.195 euro per share, lower than 0.227 euro per share a year ago.Given the first week of Easter was in March, the carrier expects fares for the first quarter of fiscal 2027 to be lower by a mid-single-digit percentage on an annual basis. Ryanair also noted that while 80% of its fuel needs for fiscal 2027 are hedged at $67 per barrel, unhedged fuel costs have escalated due to the Middle East conflict and could lead to a mid-single-digit percentage unit cost inflation in the 12 months ending March 31, 2027.The group also did not offer meaningful profit guidance for fiscal 2027, citing zero visibility in the second half and "significant" volatility in fuel prices and potential supply. However, it projected 4% traffic growth to 216 million passengers, aided by its fleet of 647 aircraft as of March 31, 2026."The final FY27 outcome remains heavily exposed to adverse external developments, [including] conflict escalation in the Middle East and Ukraine, risks to fuel supply shortages, higher for longer fuel prices on our unhedged 20%, macro-economic shocks and European ATC strikes & mismanagement," the company said. "We hope to be able to give shareholders a clearer picture on H1 pricing and fuel costs during our Q1 results release in late July."

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Research

Bernstein Upgrades Ryanair to Outperform, Raises PT

Bernstein on Monday upgraded budget airline Ryanair Holdings (RYA.IR) to outperform from market perform and increased its price target to 32 euros from 28 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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