Stock Spotlight: Ryanair cruises towards record highs following strong results

Record passenger numbers

Ryanair has reported a full-year profit of €1.43bn, closing in on its 2018 record of €1.45bn, as the airline overcomes the fallout of the coronavirus pandemic.

In its full year results published last week (22 May), the Irish airline reported 169 million passengers last year, a 74% jump to an all-time high, compared to 97 million passengers a year prior and the previous record of 149 million. Victoria Scholar, head of investment at interactive investor, said the airline was aiming to reach 225 million passengers by 2026 and become debt free "in the next three to four years". Stock Spotlight: Air travel resurgence fuels Rolls-Royce while ESG concerns persist The firm's stock price has climbed 42.9% year-to-date, though still remains bel...