Ryanair Share Price Up Over 90%
Back in August 2019, Ryanair share price reached a low point of £8.50. Today, Ryanair company shares are trading over at almost £16.
Savvy investors are enjoying the great return on investment and they are truly delighted
about the airline company's plans for the coming years.
Ryanair beats estimates but warns on Boeing fallout
Ryanair will take longer than expected to reach its long-term target of flying 200 million passengers per year due to delays in the delivery of Boeing’s 737 MAX jet, the Irish airline announced this morning. Despite this, their shares are up almost 4% after Q3 revenues came in ahead of expectations. This has seen Ryanair’s shares change hands a whopping 80% higher than in August 2019.
Ryanair had planned to reach the 200 million passengers mark in the year to March 2024, but now expects to take until at least 2025 or 2026, as the airline accommodates the issues over new aircraft.
Ryanair share price has suffered alongside all other airlines last week despite having no exposure to China via its own routes, still expects to ferry 154 million people in its current year to March 2020.
United Airlines, Delta Air Lines and American Airlines have all announced they are suspending flights between the US and mainland China for periods ranging from two to three months. Share price wise, United was hit hardest, falling 8.7% during the week, versus 5.2% for Delta and 2.9% for American.
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