Benzinga | Nov 2, 2020 08:10AM EST

Ryanair: Q2 Earnings Insights



Shares of Ryanair Holdings (NASDAQ:RYAAY) rose 5.3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 127.27% year over year to ($0.24), which beat the estimate of ($0.25).

Revenue of $1,228,000,000 declined by 63.39% year over year, which missed the estimate of $1,340,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Ryanair Holdings hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $96.79

Company's 52-week low was at $44.44

Price action over last quarter: Up 10.21%

Company Overview

Ryanair Holdings PLC is an airline operator serving routes mainly in Europe. It typically offers short-haul flights and attempts to incorporate a low-fare air travel model. The company only has one operating segment because it manages a single fleet of aircraft through a single route-scheduling system. It does not rely on travel agents, and requires passengers to make reservations and acquire tickets directly through its own system. Ryanair primarily advertises in national and regional media across Europe. Revenue by country of origin is spread out across Europe, with the United Kingdom generating the highest amount at approximately one third of the total.