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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Ryanair Holdings plc    RY4C   IE00BYTBXV33


Real-time Quote. Real-time Irish Stock Exchange - 01/15 11:30:42 am
15.8 EUR   +0.25%
01/14Airlines face more turbulence before vaccine relief
01/13RYANAIR HLDGS : Goldman Sachs remains its Buy rating
01/12Boeing limps into 2021 with more 737 MAX cancellations, delayed 787 deliveries
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Large Boeing 737 MAX customers signal caution on orders amid COVID-19

11/19/2020 | 03:36pm EST

(Recasts with Southwest signaling possible fleet trim)

DUBLIN/CHICAGO, Nov 19 (Reuters) - A day after Boeing Co received approval for its 737 MAX to fly again following a 20-month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic.

U.S. based Southwest Airlines, Boeing's largest customer worldwide, said this week it would just take new MAX jets to replace jets it's retiring rather than grow its fleet, and on Thursday raised the prospect of scaling back its fleet due to the pandemic.

"If demand is going to be persistently depressed, we can retire and not need to take airplanes as replacements," Southwest Chief Executive Gary Kelly told journalists.

When the 737 MAX was grounded globally in March 2019 following two fatal crashes, airlines canceled flights because they lacked enough airplanes to meet strong travel demand.

Now many have parked jets or even gone out of business in the pandemic, creating challenges for Boeing as it tries to find homes for 737 MAX jets that are built but now lack buyers.

A senior executive of Boeing's largest European customer, low-cost carrier Ryanair, said on Thursday that it is not currently looking at additional orders for the jet, but may buy more if prices fall in the wake of COVID-19.

Executives at the airline have said repeatedly over the past year that the airline was discussing possible additional orders amid ongoing talks with Boeing on compensation for delays to its current order for 210 MAX jets.

"Over time one can see that there will be a way that aircraft are going to be cheaper ... and we will capitalize on that at some stage," Ryanair DAC Chief Executive Eddie Wilson said at the Skift Aviation Forum.

"But at the moment it's just the ... existing order that we have," he said.

Ryanair has said it expects to take delivery of its first 30 MAX jets by next summer. The United States lifted a 20-month-old flight ban on the MAX on Wednesday and European regulators are expected to follow suit.

Norwegian Air Shuttle, another major MAX customer, this week sought bankruptcy protection in Ireland. (Reporting by Conor Humphries and Tracy Rucinski; Editing by Edmund Blair and Nick Zieminski)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NORWEGIAN AIR SHUTTLE ASA -14.79% 62.2 Real-time Quote.-16.03%
RYANAIR HOLDINGS PLC 0.25% 15.8 Real-time Quote.-3.05%
SOUTHWEST AIRLINES -4.42% 46.66 Delayed Quote.4.74%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-3.20%
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Sales 2021 2 065 M 2 495 M 2 495 M
Net income 2021 -931 M -1 125 M -1 125 M
Net Debt 2021 1 824 M 2 204 M 2 204 M
P/E ratio 2021 -19,1x
Yield 2021 -
Capitalization 17 814 M 21 538 M 21 519 M
EV / Sales 2021 9,51x
EV / Sales 2022 3,22x
Nbr of Employees 16 000
Free-Float 95,4%
Duration : Period :
Ryanair Holdings plc Technical Analysis Chart | RY4C | IE00BYTBXV33 | MarketScreener
Technical analysis trends RYANAIR HOLDINGS PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 16,52 €
Last Close Price 15,76 €
Spread / Highest target 26,9%
Spread / Average Target 4,81%
Spread / Lowest Target -36,5%
EPS Revisions
Managers and Directors
Michael O’Leary Group Chief Executive Officer & Executive Director
Stan McCarthy Non-Executive Chairman
Neil Sorahan Group Chief Financial Officer
Tracey McCann Chief Financial Officer
John Hurley Chief Technology Officer
Sector and Competitors