Bernstein Cuts Price Target, Estimates for Ryanair After Fiscal Q1 Miss, Outlook Downgrade

05:53 AM EDT, 07/22/2026 (MT Newswires) -- Bernstein reduced its price target and earnings forecasts for Ryanair (RYA.IR) after the Irish budget airline reported lower-than-expected fiscal first-quarter results and guided toward lower summer fares. "Ryanair shares fell -5% on Q1 earnings, following a guide to lower summer fares YoY. The recent re-escalation of fighting in the Middle East is a bigger deal: forward curves are now above the peak in early April. That revives the prospect of competitor bankruptcies and capacity reduction. Shares currently look to discount