|Bid||9.04 x 0|
|Ask||10.50 x 0|
|Day's Range||9.07 - 9.71|
|52 Week Range||8.05 - 1,251.50|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||9.85|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 12, 2015|
|1y Target Est||14.77|
Richard Branson, the British billionaire, has committed to investing $250m into his Virgin empire to protect jobs as the UK government draws up plans to take equity stakes in airlines, including Virgin Atlantic, to counter the effects of the coronavirus crisis. Sir Richard wrote in a blog post on Sunday that the chances of securing a widespread economic recovery would “depend critically upon governments around the world” implementing support programmes. The Financial Times revealed on Saturday that the government was drafting a scheme that could see it buy equity stakes in carriers and other companies hardest hit by the coronavirus crisis, after warnings that the economic packages it had announced would not be enough to save them.
Ryanair <RYA.I> has the cash to survive for "maybe even 12 months" with no flights or revenue as the coronavirus shuts the air travel industry down, CEO Michael O'Leary said in an interview with the Financial Times on Friday. O'Leary said that he and the rest of the airline’s employees will take a 50% pay cut for the months of April and May, the newspaper reported. "The priority here for us as a company is how do we preserve as much cash so that if we have to operate for three, six, nine, maybe even 12 months, with no flights and no revenues how do we survive that, do we have the cash to survive that and we believe we do," O'Leary was quoted as saying.
Ryanair chief executive Michael O’Leary said that he and the rest of the airline’s employees will take a 50 per cent pay cut, as Europe’s largest low-cost carrier prepares for a lengthy shutdown in the region’s air travel. The outspoken executive said Ryanair was working on a best-case scenario of two-three months in which flights would be grounded and revenues would vanish as the coronavirus outbreak wreaks havoc on the industry.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Ryanair expects to ground most if not all of its flights from March 24 except a very small number mostly between Britain and Ireland to maintain essential connectivity, the airline said on Wednesday. Ryanair said this week that it would ground most of its aircraft over the next seven to 10 days as Europe's biggest low-cost airline braced for an up to 80% cut in capacity over the next two months and the possible grounding of its entire fleet due to coronavirus travel restrictions. "Ryanair will continue to stay in close contact with the foreign ministries of all EU governments on the repatriation of EU citizens, and where possible we may operate rescue flights to support this repatriation," the Irish carrier said in a statement.
Efficient fleet management and strong services aid Hertz Global (HTZ). However, high debt levels and the coronavirus outbreak are concerns
Ryanair has warned it will ground almost its entire fleet from next Tuesday as widespread travel bans across Europe in the wake of the coronavirus outbreak have brought passenger air transport to a virtual halt. Europe’s biggest low-cost carrier said it expected “most if not all” flights to be grounded, apart from a small number to maintain connections between the UK and Ireland. A large number of other airlines have this week announced measures to slash costs with some cutting flights by as much as 90 per cent.
The Zacks Analyst Blog Highlights: Ryanair, Air France KLM, Delta Air Lines, American Airlines and Southwest Airlines
Delta (DAL) is witnessing a significant rise in cancellations and rapid fall in demand in the wake of coronavirus. The airline's CEO is foregoing his salary for the next six months amid this crisis.
United Airlines (UAL) transports more than one million fewer customers in the first two weeks of March due to significant decline in demand induced by the novel coronavirus.
Ryanair <RYA.I> will ground most of its aircraft over the next seven to 10 days as Europe's biggest low-cost airline braces for an up to 80% cut in capacity over the next two months and could even ground its entire fleet due to coronavirus travel restrictions. It said the "extraordinary and unprecedented travel restrictions" being implemented across the continent had resulted in a substantial decline in bookings over the last 2 weeks, which it expected it to continue for the foreseeable future. With seat capacity set to shrink by up to 80% in April and May, Ryanair said a full grounding of the fleet cannot be ruled out as "social distancing" restrictions in countries where its fleet is not grounded "may make flying to all intents and purposes, impractical, if not, impossible."
Hawaiian Airlines, a unit of Hawaiian Holdings (HA), anticipates a 12% decline in RASM in Q1 if there are no new net bookings for March, as of Mar 5.
The coronavirus will accelerate a Darwinian shakeout in Europe's overcrowded airline industry that ultimately benefits Ryanair and British Airways owner IAG, industry experts predict. Nobody is exempt from the short-term pain that has already seen Flybe collapse and Norwegian Air stock lose about 70% of its value in a month, with no end to the crisis in sight. "It's inevitable in the next couple of weeks we'll see more failures," Ryanair Chief Executive Michael O'Leary said in a recent interview, citing Flybe and Norwegian as vulnerable.
The coronavirus epidemic could have a worse impact on stocks and the travel industry than the SARS outbreak, Cowen analysts are warning.
Zacks Industry Outlook Highlights: American Airlines, United Airlines, Delta Air Lines, LATAM Airlines and Ryanair