Ryanair (ADR) (RYAAY)
Runs a multi-airline European network built around low fares and unbundled travel services.
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Sells short-haul, point-to-point passenger flights across Europe through five airlines, with separately priced ancillary services adding revenue beyond the base fare. Direct digital distribution, high aircraft utilization, selective airport economics and fleet commonality support low fares, while operations depend on aircraft supply, fuel, labor, airport capacity and regulation.
Operates a five-airline group—Buzz, Lauda Europe, Malta Air, Ryanair DAC and Ryanair UK—focused on short-haul, point-to-point passenger travel across Europe. Scheduled fares are supplemented by separately priced ancillary services sold through direct digital channels.
Keeps fares low through high aircraft utilization, rapid turnarounds, fleet commonality in the principal Boeing operation, selective airport economics and continuous cost control. The model stimulates traffic and spreads the operating platform across more passengers.
Execution depends on aircraft availability and Boeing deliveries, fuel and hedging, airport and air-traffic-control capacity, labor relations, cybersecurity, and aviation and consumer regulation. The group also operates an Airbus fleet through Lauda, so its fleet is not uniform across every airline.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Reiterate | Rating: —Target: $70 | Target: $74 |
| Aug 14, 2026 | Morgan Stanley | Initiate | Rating: —Target: — | Target: $62.90 |
| Jul 6, 2026 | Bernstein | Target | Target: $77 | Target: $79 |
| Jun 8, 2026 | Bernstein | Target | Target: $71 | Target: $77 |
| Mar 12, 2026 | Evercore ISI | Target | Target: $155 | Target: $80 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.21B · Total debt $208.3M · Total assets $20.80B · Shareholders' equity $10.86B
- Revenue
- $5.02B
- Operating income
- $659.0M
- Net income
- $615.8M
Reported in EUR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 39.94% | 208.50M ADS | |
|---|---|---|---|
| 421 holders · as of Jun 30, 2026 | |||
| Insiders | 6.52% | 34.02M ADS | |
| 14 holders · as of Jun 30, 2026 | |||
| Strategic holders | 7.46% | 38.92M ADS | |
| 1 holder · as of Mar 29, 2022 | |||
| Other | 46.08% | 240.52M ADS | |
| remainder | |||
521.97M ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Baillie Gifford & Co (Scottish partnership)Institution | 9.29% | 48.48M | filed Jan 26, 2022 |
HSBC Holdings PLCStrategic | 7.46% | 38.92M | filed Mar 29, 2022 |
EuroPacific Growth FundInstitution | 6.95% | 36.28M | filed Feb 14, 2019 |
Capital World InvestorsInstitution | 6.69% | 34.94M ADS | as of Jun 30, 2026 |
Societe Generale S.a.Insider | 6.43% | 33.57M | filed Apr 9, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 26, 2026 | John JH Hurley | officer: Ryanair DAC CTO | −15,000 | $31.24 |
| May 22, 2026 | Jason Paul McGuinness | officer: Ryanair DAC CCO | −9,999 | $27.56 |
| May 19, 2026 | Andreas Gruber | officer: Lauda Joint CEO | −13,467 | $26.01 |
| May 19, 2026 | Carol Marie Sharkey | officer: Chief Risk Officer | −6,999 | $26.01 |
| May 19, 2026 | Dara Brady | officer: Ryanair DAC CMO | −8,973 | $26.01 |
Not reported.