Not as many people have been hoping on Ryanair (RYA), the EU-owned airline, due to post-Brexit restrictions — and so, the company announced plans to delist from the London Stock Exchange.
A bit dramatic? The monthly trading volume of Ryanair’s London-listed shares have been down about 68% so far this year compared to the same period in 2020 — but, it’s not like Ryanair is going private — it’ll maintain a primary listing on the regulated market of Euronext Dublin, not to mention its American Depository Receipts (ADRs) are listed on the NASDAQ.
Covid-19 travel restrictions placed in Q1 were kind-of of blame, despite tourism rebounding in Q2 with the successful rollout of the EU Digital Covid Certificates (“DCC”). Another factor that caused Ryanair to delist from the LSE is to ensure that the airline remains majority EU-owned to retain full licensing and flight rights.
why it matters
Ryanair is now optimistic about the surge in bookings for the upcoming Christmas break — let's hope this gifts it the boost it needs!