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

RYANAIR HOLDINGS PLC

(RY4C)
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Real-time Quote. Real-time Irish Stock Exchange - 01/19 11:36:23 am
15.575 EUR   +1.80%
01/18RYANAIR HLDGS : Bernstein remains its Buy rating
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01/18RYANAIR HLDGS : UBS reaffirms its Neutral rating
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01/14Airlines face more turbulence before vaccine relief
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Ryanair : Gatwick Airport CEO wants normal slot rules restored next summer

11/27/2020 | 10:50am EST
FILE PHOTO: General view of an entrance to the check-in area at Gatwick Airport, in Gatwick

GATWICK AIRPORT, England (Reuters) - Gatwick Airport, Britain's second-biggest aviation hub, wants to see normal airport slot rules restored by next summer, Chief Executive Stewart Wingate said on Friday.

Global aviation heavyweights led by airline body IATA are pushing for airport slot relief to continue until October 2021.

Under their proposal the "use it or lose it" principle would be restored for airport slots, but the utilisation rate required to keep them would be set at 50%, compared to the 80% threshold that governed slot use before the pandemic.

Gatwick's CEO called the IATA proposal "a step in the right direction" but said he wanted a return to normal rules so that competition can resume and consumers benefit from a greater choice of flights.

"From a slot waiver perspective, what normally happens is that airlines are expected to fly their slots 80% of the time or lose them," Wingate told Reuters in an interview.

"So at the earliest opportunity, preferably next summer, certainly next winter, we'd like to see that reinstituted," he said.

(Reporting by Sarah Young; editing by Laurence Frost)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
RYANAIR HOLDINGS PLC 1.80% 15.575 Real-time Quote.-5.88%
WIZZ AIR HOLDINGS PLC 3.34% 4450 Delayed Quote.-5.65%
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Financials
Sales 2021 2 127 M 2 583 M 2 583 M
Net income 2021 -945 M -1 147 M -1 147 M
Net Debt 2021 1 809 M 2 196 M 2 196 M
P/E ratio 2021 -18,6x
Yield 2021 -
Capitalization 17 560 M 21 285 M 21 318 M
EV / Sales 2021 9,10x
EV / Sales 2022 3,13x
Nbr of Employees 16 000
Free-Float 95,4%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 16,50 €
Last Close Price 15,58 €
Spread / Highest target 27,1%
Spread / Average Target 5,95%
Spread / Lowest Target -35,8%
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Managers and Directors
NameTitle
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
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