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Sept. 16, 2021, 7:37 a.m. EDT

Ryanair shares surge after lifting passenger traffic target

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By Steve Goldstein

Ryanair Holding shares rallied on Thursday, as the low-cost carrier lifted its five-year passenger traffic target ahead of its annual shareholder meeting.

Ryanair /zigman2/quotes/204098489/composite RYAAY +1.80% shares rose 6% as the airline said it expects to reach 225 million annual travelers by 2026, above its previous target of 200 million. Ryanair CEO Michael O’Leary said the performance of its Boeing /zigman2/quotes/208579720/composite BA +1.08% Dreamliners has exceeded expectations, and that the airline would “take up slot opportunities that are being vacated by competitor airlines who have collapsed or significantly reduced their fleet sizes.”

Last week, Ryanair ended talks with Boeing over an order of MAX10 aircraft.

Ryanair’s rivals also gained ground, with easyJet /zigman2/quotes/202825892/delayed UK:EZJ +3.29% shares rising 4% and Wizz Air Holding /zigman2/quotes/210449062/delayed UK:WIZZ +2.31% gaining 3%.

The Times reported that the U.K. will simplify its international travel rules on Friday, dividing countries into either the safe green list or no-go red list, and that the red list would be cut in half.

The broader Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.51% rose 0.7% to 467.05 in midday trade.

Continental /zigman2/quotes/206791451/delayed XE:CON -1.72% powertrain spinoff Vitesco Technologies climbed 3% in its trading debut.

/zigman2/quotes/204098489/composite
US : U.S.: Nasdaq
$ 116.05
+2.05 +1.80%
Volume: 147,382
Jan. 20, 2022 1:24p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.85 billion
Rev. per Employee
$206,406
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 219.42
+2.34 +1.08%
Volume: 4.20M
Jan. 20, 2022 1:24p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$127.58 billion
Rev. per Employee
$445,376
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
645.80 p
+20.60 +3.29%
Volume: 8.12M
Jan. 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.73 billion
Rev. per Employee
£112,154
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/zigman2/quotes/210449062/delayed
UK : U.K.: London
4,597.00 p
+104.00 +2.31%
Volume: 246,374
Jan. 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£4.63 billion
Rev. per Employee
£250,991
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
483.35
+2.45 +0.51%
Volume: 0.00
Jan. 20, 2022 5:50p
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/zigman2/quotes/206791451/delayed
XE : Germany: Xetra
92.40
-1.62 -1.72%
Volume: 675,689
Jan. 20, 2022 6:30p
P/E Ratio
12.25
Dividend Yield
0.00%
Market Cap
€18.80 billion
Rev. per Employee
€151,721
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