Ryanair Holdings PLC (RYAAY) shares surged 5.46% in pre-market trading on Monday, following the release of its fiscal year-end results and an optimistic outlook for the coming year. The Irish budget airline's performance and future projections have sparked investor enthusiasm, driving the stock's significant uptick.

The company reported better-than-expected results for the quarter ended March 31, with an adjusted loss of 59 cents per share, beating analyst estimates of a 65 cents per share loss. Revenue rose 2.6% to $2.42 billion, also surpassing expectations. Looking ahead, Ryanair's management provided a robust outlook for fiscal 2026, with fares expected to increase by a mid-high-teen percentage in the first quarter compared to the previous year. This projection hints at a strong recovery in travel demand, reminiscent of the post-pandemic surge seen in spring 2023.

Analysts have responded positively to Ryanair's results and future guidance. RBC Capital Markets analyst Ruairi Cullinane suggests that the company's outlook for fiscal 2026 could lead to upgrades in profit consensus estimates, potentially by about 200 million euros for the first quarter. The current average analyst rating on Ryanair shares is "strong buy," with a median 12-month price target of $55.50. As travel demand continues to strengthen and Ryanair maintains its competitive pricing strategy, investors appear optimistic about the airline's growth trajectory in the coming fiscal year.