Ryanair (RYAAY) to open a new base in Madeira and add 10 new routes

Ryanair Holdings RYAAY has announced plans to open a new base in Madeira, Portugal during the summer of 2022. With two aircraft based and an investment of $ 200 million, this will be RYAAY’s fifth base in Portugal.

This new base will expand Ryanair’s connectivity, with 10 new routes connecting Madeira to several European destinations, including mainland Portugal, throughout the year. With this, the carrier will offer more than 40 flights per week.

The 10 new lines to Madeira include services from Brussels Charleroi, Dublin, Lisbon, London Stansted Airport, Manchester, Marseille, Milan Bergamo, Nuremberg, Paris Beauvais and Porto. The services, scheduled to launch in summer 2022, are expected to attract significant traffic.

Ryanair Holdings PLC Price

Ryanair Holdings PLC Price | Listing of Ryanair Holdings PLC

Ryanair CEO Eddie Wilson said: “This $ 200 million investment will not only boost Portugal’s economy by boosting vital tourism, but will also create over 60 direct jobs in the region and over 400 jobs on place in Madeira. “At a time when other airlines are downsizing their fleets and closing their bases, we are delighted to continue investing both in our staff and in the airports in Portugal. “

Zacks rank and choice of keys

Ryanair wears a Zacks Rank # 4 (Sell).

Here are some top-ranked stocks within the larger Transport sector:

Schneider National SNDR sports a rank 1 of Zacks (strong buy). The company has a surprising earnings history, having outperformed Zacks’ consensus estimate in each of the previous four quarters, the average pace being 21%. You can see The full list of today’s Zacks # 1 Rank stocks here.

Schneider National shares have risen more than 25% so far this year.

Washington International Expeditors EXPD also sports a Zacks Rank # 1. The company’s earnings have beaten Zacks’ consensus estimate in each of the previous four quarters, with the average pace being 29.1%.

Expeditors shares have appreciated nearly 34% so far this year.

Landstar System LSTR carries a Zacks Rank # 2 (Buy). Company profits have beaten Zacks’ consensus estimate in each of the past four quarters, with the average pace being 11.4%.

Landstar shares have gained over 32% so far this year.

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Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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