UBS confirms its buy recommendation on the stock, but lowers its price target to E24 (from E26.5), which still represents upside potential of 34%.

' We are adjusting our forecasts after the results for the year 2024, which entails significant downgrades', says the research firm.

For its new financial year 2024/2025, Ryanair has said it expects traffic to grow by 8%, to between 198 and 200 million passengers, while conditioning its target on future Boeing aircraft deliveries.

Although visibility is "limited", the carrier said it was "cautiously optimistic" about fare trends, predicting stable or even slightly higher prices during the summer season, following record levels in the second half of last year.

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