Ryanair: Short-Term Volatility Expected Before Long-Term Gains

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About: Ryanair Holdings plc (RYAAY)
by: Rowan Quill
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Rowan Quill
Long/Short Equity, Value, long-term horizon, medium-term horizon
Summary

Ryanair has posted gains of around 61% since I initially covered the stock in August: is this rapid growth an indication of strong performance or cyclical market correction?

Positive H1 results and the failure of Thomas Cook have been contributing factors towards the sharp rise.

Decision not to purchase Thomas Cook’s pairs of landing / take-off slots – was this a missed opportunity?

The further delay of 737 Max deliveries continues to be a cause for concern.

Investment Thesis

Despite the surge in Ryanair's (NYSE:RYAAY) share price in recent weeks, the ultra-low cost airline's shares are still trading too cheaply. Whilst it is likely that there will be a degree