Ryanair gets forecasts update by Deutsche Bank after quarterly results

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Ryanair Holdings PLC (LSE:RYA) got a forecast update from Deutsche Bank after Monday’s quarterly results.


Analysts now expect a net loss of EUR204mln compared to the airline’s guidance of EUR100-200mln and previous estimates of EUR21mln.


READ: Ryanair losses shrink as traffic rebounds, mulls London de-listing


“Our forecasts assume similar ex-fuel unit costs and ancillaries per passenger for the second half to those achieved in the second quarter, meanwhile we are looking for an improvement in fares per pax from -31% vs pre-crisis in the second quarter to -15% in the second half,” the German bank commented.


Deutsche Bank holds a ‘buy’ recommendation with a EUR20 target price.


Shares rose 3% to EUR17.60 on Wednesday before close.

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