Ryanair faces ‘headwinds’ against earnings target

Strikes by French air traffic control and by ground staff in Berlin have pushed up “multiple headwinds” against Ryanair achieving its earnings guidance, according to Merrion Capital analysts.

Senior equity analyst Darren McKinley and equity analyst Dylan Simmonds in a research note said they maintained the broker’s “hold” recommendation on the shares as the airline faces challenges in France and Germany.

Shares in Ryanair were trading at one stage yesterday about 1% lower, at €14.21, to show a fall of around 2% since the start of the year.