Ryanair Holdings’ RYAAY June 2021 traffic surged to 5.3 million guests from a mere 0.4 million in the year-ago period when air-travel demand hit rock bottom amid large-scale travel restrictions and rising coronavirus cases.
The airline attributed the improvement in traffic to increased vaccinations in the European Union, which is in turn driving recovery in air-travel demand. Having operated more than 38,000 flights in June, the European low-cost carrier’s load factor (percentage of seats filled with passengers) was 72%.
Ryanair’s June traffic figure represents a significant improvement from 1.8 million guests in May. The airline’s traffic in the first quarter of fiscal 2022 was 8.1 million with a load factor of 73%. In the first quarter of fiscal 2021, traffic was extremely tepid at 0.51 million.
Ryanair Holdings PLC Price
Ryanair Holdings PLC price | Ryanair Holdings PLC Quote
Despite this improvement, traffic continues to significantly lag the pre-pandemic (2019) levels. While first-quarter fiscal 2022 traffic has increased substantially from the fiscal 2021 figure, it is way below 41.8 million in the first quarter of fiscal 2020 (pre-pandemic).
Zacks Rank & Key Picks
Ryanair carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Transportation sector are C.H. Robinson Worldwide CHRW, Expeditors International of Washington EXPD and ArcBest Corporation ARCB. While C.H. Robinson carries a Zacks Rank #2 (Buy), Expeditors and ArcBest sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of C.H. Robinson, Expeditors and ArcBest have rallied more than 16%, 65% and 100% in a year’s time, respectively.
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