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Founder & Managing Director, AIR Control Tower, AIR Control Tower

Neil Glynn

Founder & Managing Director, AIR Control Tower

AIR Control Tower

AIR Control Tower is an independent research and analysis platform. Its mission is to provide impactful insight and analysis across the global airline industry at a company and market level via detailed financial models to aid decision making for key stake holders at a time when risks have seldom, if ever, been higher and the global sector grapples with the imperative of funding de-carbonisation. Unique analysis forecasting global carrier-level earnings/cash flows, and restructuring/de-leveraging prospects, is designed to dynamically assess the health of the industry, predict surprises and identify potential requirements for third party support.

Insights on the global airline industry

Equity Bottom-Up

<ul>
<li>Latest fare data suggests an incrementally more concerning trend for Ryanair pricing from June.</li>
<li>Concerns over pricing continue to increase in Europe, following Lufthansa's profit warning last week.</li>
<li>We cut our FY25 net income by 9% to €2,289m albeit remain above consensus of €2,170m.</li>
</ul>


Latest fare data suggests an incrementally more concerning trend for Ryanair pricing from June.
Concerns over pricing continue to increase in Europe, following Lufthansa's profit warning last week.
We cut our FY25 net income by 9% to €2,289m albeit remain above consensus of €2,170m.


Ryanair - Pricing Appears to Be Softening; Re-Setting Profitability Expectations

Ryanair Holdings

Ryanair - Pricing Appears to Be Softening; Re-Setting Profitability Expectations