Barclays backs future of Ryanair
Ryanair's structural advantages over its peers have not been fully reflected in recent financial performance, according to a new report on the airline from Barclays.
The bank said that Ryanair has significant scope to implement self-help measures to improve margins and returns.
But the analysts from Barclays have warned that it will probably take Ryanair "many years" to approach the benchmark set by airlines such as Easyjet.
"Even before last year's profit warning, which saw (Ryanair's) margins fall... we think a notable performance gap has been emerging between Ryanair and some of its more innovative hybrid low-cost carrier competitors," said Barclays.