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    RYA   IE00BYTBXV33

RYANAIR HOLDINGS PLC

(RYA)
  Report
Real-time Irish Stock Exchange  -  06:55 2022-11-29 am EST
12.94 EUR   -1.11%
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PwC Report Confirms Ryanair's Unmatched Investment In Irish Economy Over Past 35 Years; Ryanair Will Grow 10m New Guests P.A. And Create 2,000 New Jobs In Ireland By 2030

09/29/2022 | 11:52am EST

Ryanair, Ireland's largest airline, today (28 Sept), celebrated its unmatched contribution to Ireland's economy over the past 35 years, publishing an independent report prepared by international consultants PwC, which shows that Ryanair is one of Ireland's largest contributors to economic growth and development since 1985 as follows;

Ryanair and its guests spend over EUR1.5bn p.a. in Irish economy.

Ryanair supports over 26,000 Irish jobs annually.

Ryanair operates 200 routes from 7 Irish airports, carrying 20m passengers p.a.

Ryanair has flown over 230m passengers to/from Ireland since 1985.

Ryanair has recovered faster from Covid than any other EU airline.

Ryanair has delivered 15% growth (over pre-Covid numbers) in Ireland in S22.

At today's launch of the PwC Report, quantifying Ryanair's contribution to Ireland's economy over the last 35 years, Ryanair's CEO Eddie Wilson laid out exciting growth plans for the next decade which include:

Investing over EUR20bn in new technology aircraft, with 210 new B737 Gamechanger ordered.

Opening a new EUR50m training centre for pilots and cabin crew in Santry.

Opening a EUR8m new engineering excellence centre in Dublin.

Investing EUR10m in a 3-bay maintenance Hangar in Shannon, creating over 200 new jobs in Clare.

Growing Ryanair Labs from 600 to 1,000 high tech dev. jobs over the next 5 years.

Growing traffic to/from Ireland by 50% from 20m to 30m passengers p.a. by 2030.

Creating more than 2,000 new jobs for pilots, cabin crew, engineers, and IT developers in Ireland by 2030.

An Tanaiste, Leo Varadkar said:

'Ryanair is one of the world's most innovative airlines and a formidable Irish company. It democratised foreign travel across Europe, making overseas holidays affordable for millions of people. We can be proud of Ryanair as an Irish company and as a driving force for change. They led the way within the EU with online booking and check-in, digital ticketing, and radical new pricing models. As an island, we rely heavily on our connectivity with Europe and the inbound tourism it brings. There's more good news today with Ryanair's commitment to grow its Irish passenger numbers to 30 million per annum, to create over 2,000 new high-skill jobs and invest further in its seven airports in Ireland.'

Ryanair DAC's CEO, Eddie Wilson said:

'Today's PwC Report quantifies the enormous contribution made by Ryanair, our people, and our passengers to the Irish economy over the last 35 years. Ryanair has been one of Ireland's most important indigenous success stories since first founded by the Ryan family in 1985. From very modest beginnings in Waterford, Ryanair has grown to become Europe's largest airline, and the world's number 5 airline by passenger volumes. However, we are now embarking on a new decade of growth and investment here in Ireland. In partnership with our main airport partners at Dublin, Cork, Shannon, and Belfast, Ryanair plans to grow Irish traffic from 20m to 30m p.a. over the next decade. These new guests will travel on a fleet of environmentally efficient B737 Gamechanger aircraft, which cuts fuel and CO2 emissions by 16%, and lowers noise by 40%.

As a peripheral country on the edge of Europe, it is vital that Ryanair continues to promote low-cost environmentally efficient connectivity for Irish citizens/visitors to Europe and the world, and also that we continue to bring many millions of European visitors to Dublin and the regions of Ireland on a year-round basis. We call on the Irish Govt. to pursue policies to promote low-fare connectivity, and reduce the environmental impact of air travel by pushing for urgent reform of Europe's chronically inefficient ATC system, and opposing unfair environmental taxes which penalise the most efficient point to point flights, while exempting the most polluting long-haul and connecting flights across Europe.

We wish to thank the successive Irish Govt. for their help and support over the past 3 decades, which has allowed and enabled Ryanair to become a global leader in the airline industry, and one of Ireland's best-known indigenous brands.'

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2023 10 450 M 10 852 M 10 852 M
Net income 2023 1 143 M 1 187 M 1 187 M
Net Debt 2023 941 M 977 M 977 M
P/E ratio 2023 13,3x
Yield 2023 -
Capitalization 14 874 M 15 446 M 15 446 M
EV / Sales 2023 1,51x
EV / Sales 2024 1,26x
Nbr of Employees 19 000
Free-Float 96,0%
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Number of Analysts 16
Last Close Price 13,08 €
Average target price 16,88 €
Spread / Average Target 29,1%
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Managers and Directors
Michael OĺLeary Chief Executive Officer & Executive Director
Neil Sorahan Treasurer
Stan McCarthy Non-Executive Chairman
John Hurley Chief Technology Officer
Julie O'Neill Independent Non-Executive Director
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