(CercleFinance.com) – Liberum reiterates its ‘buy’ recommendation and its price target of 19 euros on Ryanair, after a loss in the third accounting quarter in line with the consensus and in marked improvement compared to the year despite the negative impact of Omicron in December.
“Late bookings limit short-term visibility, but there has been no other change from guidance for the fiscal year ending in March 2022,” notes the broker, who sees the consensus unchanged for the Irish airline.
‘The easing of restrictions on international travel is essential for the summer outlook. Ryanair is positioned for a strong recovery, with summer capacity forecast at 114% of 2019 levels.
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