0844 GMT - Ryanair is expected to move quickly in response to any market exits in the European airline sector, Bernstein analysts Alex Irving and Antoine Madre say in a research note. Aviation is a low-margin, cyclical industry and bankruptcies are a common feature in the sector, the analysts say. Airlines can work with high leverage ratios, and print losses for a long time, but the second the cash runs out, operations cease, they add. The analysts expect smaller and weaker airlines--most common in central and eastern European markets--to face some financial distress and bankruptcies. In comparison, Ryanair has one of the best balance sheets, with 2 billion euros net cash as of March 2026, they add. Shares of the Irish budget carrier trade 0.6% higher at 25.88 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
June 22, 2026 04:44 ET (08:44 GMT)
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