Recent Updates On Two Airline Stocks: Ryanair Holdings Plc & Easyjet Plc

  • Dec 21, 2019 GMT
  • Team Kalkine
Recent Updates On Two Airline Stocks: Ryanair Holdings Plc & Easyjet Plc

Ryanair Holdings Plc

Ryanair Holdings Plc (LON: RYA) is a holding company for Ryanair Limited. The Company was incorporated on August 23, 1996 and is domiciled in the Republic of Ireland. The company is operating cheapest passenger airline routes amongst destinations of Ireland, Morocco, Israel, the United Kingdom and continental Europe.

News Updates

On 17th December 2019, the company reported that on 16th December 2019, its buyback purchase totalled 0.2 million shares of nominal value €0.006 each. The buyback programme will operate until not later than 20 May 2020. Subsequent to the cancellation of the Ordinary Shares buyback the company will have 1,106,085,482 Ordinary Shares in issue.

Financial Highlights

On 04th November 2019, the company announced its interim financial report for the six months ended 30th September 2019.

The total number of guests increased to 85.7 million in H1 FY2019 as compared to 76.6 million, a change of 11.9%. However, the load factors remained the same at 96% in the reported first half of the year.

(Sources: LSE)

The company's total operating revenue increased to €5,389.6 million in H1 FY2019 as compared to €4,838.0 million in H1 FY2018, a change of 11.4 per cent. The total operating expenses increased to €4,101.3 million in FY2019 as compared to €3,533.5 million in FY2018, a change of 16.1 per cent.

The company's total operating profit/(loss) decreased to €1,288.3 million in H1 FY2019 as compared to €1,304.5 million in H1 FY2018, a change of 1.24 per cent. The total pre-tax profit decreased marginally to €1,259.5 million in H1 FY2019 as compared to €1,263.5 million in H1 FY2018, a change of 0.31 per cent.

The company's basic earnings per share increased to 1.02 cents in H1 FY2019 as compared to 0.99 cents in H1 FY2018, whereas the diluted earnings per share increased to 1.02 cents in H1 FY2019 as compared to 0.98 cents in H1 FY2018.

The company's basic weighted average number of share decreased to 1,124.9 million in H1 FY2019 as compared to 1,153.7 million in H1 FY2018, whereas diluted weighted average share decreased to 1,129.7 million in H1 FY2019 as compared to 1,163.5 million in H1 FY2018.

(Sources: LSE)

 Share Price Performance

On 20th December 2019, at 10:46 AM GMT, while writing, RYA share price was reported to be trading at GBX 14.58 per share on the LSE, a decrease of 0.14 per cent or GBX 0.02 per share, as compared to the previous day's closing price, which was reported to be at GBX 14.60 per share.

On 13th March 2019, the shares of RYA were GBX 14.98, which was highest and reached to GBX 8.39 on 16th August 2019, which was lowest in the last 52 weeks range. The present share price was down by 2.6 per cent from 52-week highest price whereas it was up by 73.77 per cent from the 52-week lowest price.

The company's market capitalisation was reportedly valued to be at GBP 16.14 billion euro as per the share's current market price. The stock outstanding of the RYA share has been reported to be at 1.11 billion, and the free float has been at 1.05 billion.

The beta of the RYA share was reported to be at 1.15. It means that the company's share price movement is more volatile in its trend, as compared to the benchmark market index's movement. 

Easyjet Plc

Easyjet Plc (LON: EZJ) is the low-budget point-to-point route airline of Europe. The company’s balanced business strategy helps the travellers to travel in a more affordable & reasonable way, creating profit & gains for stockholders. The company’s successful business model depends on many resources such as strong capital base, modern airbus fleet, dedicated workforce of over 10,000 employees, technology & insight and stakeholders.

News Updates

On 9th December 2019, the company revealed that Catherine Bradley would be a part of the board management, joining as a Non - Executive Director and Member of the finance committee as on 1st January 2020. Catherine graduated in Finance and International Economics from HEC Paris and was awarded a CBE in 2019. She is currently on the Boards of the UK's Financial Conduct Authority, Peugeot S.A and Johnson Electric. From the year 2013 to 2014, Catherine worked as Head of Equity Advisory for Société Generale, Asia Pacific. She held various positions in Credit Suisse company from the year 2003 to 2012 in Hong Kong and London. Before Credit Suisse, Catherine worked with UBS, BNP Paribas, Dresdner Kleinwort Wasserstein and Merrill Lynch.

Financial Highlights

On 19th November 2019, the company announced its full year financial report for the year ended 30th September 2019.

The total number of passengers increased to 96.1 million in FY2019 as compared to 88.5 million in FY2018, a change of 8.6%. However, the load factors decreased to 91.5% in FY2019 as compared to 92.9% in FY2018.

The company's total revenue increased to £6,385 million in FY2019 as compared to £5,898 million in FY2018, a change of 8.3 per cent. The total EBITDAR increased to £970 million in FY2019 as compared to £839 million in FY2018, a change of 15.6 per cent.

The company's total operating profit decreased to £466 million in FY2019 as compared to £463 million in FY2018, a change of 0.65 per cent. The total pre-tax profit fell to £430 million in FY2019 as compared to £445 million in FY2018, a change of 3.37 per cent.

The company's basic earnings per share decreased to 88.6 pence in FY2019 as compared to 90.9 pence in FY2018, whereas diluted earnings per share dropped to 87.8 pence in FY2019 as compared to 90.2 pence in FY2018.

The company's total non-current assets increased to £6,044 million in FY2019 as compared to £4,994 million in FY2018, whereas total current assets increased to £2,119 million in FY2019 as compared to 1,999 million in FY2018.

(Sources: LSE)

Share Price Performance

On 20th December 2019, at 10:52 GMT, while writing, EZJ share price was reported to be trading at GBX 1,410.50 per share on the LSE, a decrease of 1.36 per cent or GBX 19.50 per share, as compared to the previous day's closing price, which was reported to be at GBX 1,430 per share.

On 13th December 2019, the shares of EZJ were GBX 1,557.50, which was highest, and it reached to GBX 840.0 on 03rd June 2019, which was lowest in the last 52 weeks range. The present share price was down by 9.43 per cent from 52-week highest price whereas it was up by 67.91 per cent from the 52-week lowest price.

The company's market capitalisation was reportedly valued to be at GBP 5.68 billion as per the share's current market price. The stock outstanding of the EZJ share has been reported to be at 397.21 million, and the free float is at 260.54 million.

The beta of the EZJ share was reported to be at 0.62. It means that the company's share price movement is less volatile in its trend, as compared to the benchmark market index's movement.

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