Citi sees expectations for corporate travel rebound all but evaporating » 07:5407/0907/09/20
ALK, LUV, DAL, JBLU, UAL, SAVE, AAL, AFLYY, ICAGY, DLAKY, RYAAY, WZZZY
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Judge says Ryanair has to face U.S. securities fraud suit, Reuters says » 18:4306/0106/01/20
Ryanair and CEO Michael…
Ryanair and CEO Michael O'Leary were not able to persuade a U.S. judge to throw out a securities fraud lawsuit accusing the airline of defrauding them by downplaying its willingness to recognize labor unions, Reuters' Jonathan Stempel reports. U.S. District Judge Paul Oetken, while dismissing much the proposed class action, said that stakeholders could attempt to prove that the company intended to mislead them with statements suggesting a "near certainty" it would not welcome unions, the recognition of which could boost costs and cut profitability, the author notes. The Manhattan judge said this included the CEO's statement at Ryanair's September 2017 annual general meeting that hell would "freeze over" before the company accepted unions, the author says. Reference Link
Ryanair calls on Germany to abandon plans to give EUR 9B in aid to Lufthansa » 13:2505/2705/27/20
Ryanair (RYAAY) announced…
Ryanair (RYAAY) announced that it has called on German Chancellor Angela Merkel to "abandon plans to give EUR 9B of illegal State Aid to the ungrateful Lufthansa." Ryanair added: "Lufthansa claims it needs EUR 9B from the German Govt 'as the only viable alternative for maintaining solvency,' yet Lufthansa refuses to give the German Govt effective Board representation, which would allow Govt Directors to participate in Board decisions, and today it also refuses to hand over slots in Frankfurt and Munich, which would promote competition and choice to the Lufthansa monopoly in Germany."
Ryanair price target lowered to EUR 11.60 from EUR 12.30 at Barclays » 12:0105/2005/20/20
Barclays analyst Rishika…
Barclays analyst Rishika Savjani lowered the firm's price target on Ryanair to EUR 11.60 from EUR 12.30 and keeps an Overweight rating on the shares.
Ryanair price target lowered to EUR 13.50 from EUR 13.85 at UBS » 11:5005/2005/20/20
UBS analyst Jarrod Castle…
UBS analyst Jarrod Castle lowered the firm's price target on Ryanair to EUR 13.50 from EUR 13.85 and keeps a Buy rating on the shares.
Ryanair sets mid-May deadline for talks on new Boeing MAX order, Reuters says » 06:1405/0105/01/20
Conor Humphries of…
Conor Humphries of Reuters wrote that Ryanair (RYAAY) will be finishing up negotiations for a plane order with Boeing (BA) in May. There could be price negotiations yet to do " or cancellations related to an existing 737 MAX order are also part of the discussions, its chief executive said on Friday," added Reuters. Reference Link
IAG downgraded to Neutral from Buy at Goldman Sachs » 12:1504/3004/30/20
Goldman Sachs analyst…
Goldman Sachs analyst Venetia Baden-Powell downgraded IAG (ICAGY) to Neutral from Buy with a price target of 250 GBp, down from 500 GBp. The company's free cash flow and shareholder returns' profile over the next few years "will be impaired," Baden-Powell tells investors in a research note. And this may be worsened over medium term by IAG's future cash drag from a potential increase in its unfunded pension deficit, adds the analyst. Baden-Powell sees a balanced risk/reward profile and prefers Buy-rated Ryanair (RYAAY) and Wizz Air.
Ryanair price target lowered to EUR 12.30 from EUR 17.10 at Barclays » 15:1504/2404/24/20
Barclays analyst Rishika…
Barclays analyst Rishika Savjani lowered the firm's price target on Ryanair to EUR 12.30 from EUR 17.10 and keeps an Overweight rating on the shares.
Ryanair may cut up to 20% of staff come winter due to virus, Reuters says » 06:1004/2404/24/20
Ryanair CEO Michael…
Ryanair CEO Michael O'Leary said to a newspaper that come the winter season the airline operator may have to lay off 10 to 20% of its workers, says Reuters. "Citing an expected drop in flights by 20-30% in the winter schedule, O'Leary told German business daily Handelsblatt that fewer staff would be required,: added the Reuters story. Reference Link
Ryanair upgraded to Overweight from Equal Weight at Morgan Stanley » 06:4904/2304/23/20
Morgan Stanley analyst…
Morgan Stanley analyst Carolina Dores upgraded Ryanair to Overweight from Equal Weight with a price target of EUR 13, down from EUR 17.