RYANAIR - LSE -
Added 2024-07-22 18:29:31 +0000 UTCAs an Aer lingus Captain, I despise Ryanair, they are single handedly driving down the standard of living for airline pilots by pushing working conditions to the limits and I have never bought a ryanair share because of this......which is probably not the right decision but I have my reasons.
Ryanair reported earnings today and they they reported a shock miss on earnings, -35%.
They are the leanest operative in the airline industry and massively efficient in terms of squeezing every euro and pound out of customers, so this is an alarm bell to the industry
We saw last week that $DAL's share price broke its structure so we took some risk off the table and sold some of our position.
Ryanairs miss is another warning signal.
Price action has just lost its 0.618 Fib so this will need to be recaptured or the next leg down is to the 0.78 Fib at 12.45 to find support.
No buy until support is found.
Comments
What do you think about AER? I’m just 3% under water on them, which is a much better place to exit than what’s happened to the carriers mentioned.
Nick E
2024-07-22 19:16:00 +0000 UTC
