Ryanair remains a buy despite recent share drop, backed by strong operations and cost control.

Ryanair's shares have fallen nearly 25% following geopolitical tensions, but the airline remains a buy due to its strong operational execution, solid balance sheet, and disciplined cost management. The company benefits from an 80% fuel hedge for 2027, the lowest cost base in the industry, and positive internal demand trends. These factors position Ryanair to gain market share amid industry capacity cuts. Additionally, potential for higher share buybacks and clear CEO contract visibility support maintaining a buy rating despite short-term geopolitical risks.