1002 GMT - Ryanair should expect to see pricing starting to improve in the second half of next year, with further improvement likely in 2026, UBS analyst Jarrod Castle writes. UBS raises its rating on the Irish low-cost airline's shares to buy from neutral. The brokerage says it sees room for airfare pricing to continue improving. Castle says UBS expects average ticket prices will be around 25% higher than prepandemic levels by the fourth quarter of fiscal 2025, which ends in March. The improved pricing outlook is expected to support increased earnings. The market is too cautious on pricing for 2026, UBS says. Shares trade 0.9% higher at 19.11 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
November 11, 2024 05:02 ET (10:02 GMT)
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