Ryanair Records Solid Traffic Numbers In June: Details

Ryanair Holdings plc (NASDAQ:RYAAY) reported a record 19.3 million passengers, up 11% Y/Y, in June 2024.

Also, the company’s flights were, on average, 95% full (flat Y/Y) in June.

Ryanair carried 18.9 million passengers in May, equaling its previous monthly record, reported Reuters.

In May, the company reported FY24 revenue growth of 25% Y/Y to €13.44 billion, and EPS rose to €1.67 from €1.15.

The company expects to grow traffic by 8% (198 million to 200 million passengers), subject to Boeing Company (NYSE:BA) deliveries returning to contracted levels before year-end. 

Investors can gain exposure to the stock via IShares Trust IShares MSCI Ireland ETF (NYSE:EIRL) and Defiance Hotel, Airline, And Cruise ETF (NYSE:CRUZ).

Price Action: RYAAY shares closed lower by 2.08% at $114.02 on Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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