0945 GMT - Ryanair's long-term investment case is attractive, because it is a volume-driven business with a highly cash-generative business model, Jefferies analysts say. The London-listed company is uniquely positioned to take market share within Europe, they add. But the analysts caution that the Irish airline faces uncertainty around the timing of the U.S. Federal Aviation Administration's approval of the Boeing 737 MAX 10 aircraft, of which Ryanair has ordered 300. Boeing expects certification could take place before the end of this year, and Ryanair anticipates first deliveries in 2027. Additional uncertainty hangs over Ryanair's yield strategy in the face of cost pressures caused by sustainable aviation fuel and the impact of the European Union's Emissions Trading System, Jefferies says. Shares are down 0.6% at 23.80 pounds. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

June 27, 2025 05:50 ET (09:50 GMT)

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