Ryanair (RYAAY) Outlines Bullish Outlook as Forward Bookings Improve

Chautauqua Capital Management, a division of Baird Asset Management, is a boutique investment firm that released its fourth-quarter 2025 investor letter for the “Baird Chautauqua International and Global Growth Fund”. A copy of the letter can be downloaded here. Global equities finished 2025 strongly, with international markets delivering their widest outperformance versus U.S. equities since the Global Financial Crisis, aided by a weaker dollar and improving trade conditions. In Q4 2025, the Baird Chautauqua International Growth Fund returned +0.11%, lagging the MSCI ACWI ex-U.S. Index’s +5.05%, while the Global Growth Fund gained +4.18%, outperforming its MSCI ACWI Index® ND’s +3.29%, as value and cyclical leadership weighed on growth-oriented portfolios. Despite near-term headwinds from sector rotations and Greater China profit-taking, the fund remains focused on high-quality businesses with strong cash flows and balance sheets, supported by attractive international valuations and a more favorable macro backdrop heading into 2026. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Baird Chautauqua International and Global Growth Funds highlighted stocks such as Ryanair Holdings PLC (NASDAQ:RYAAY)). Ryanair Holdings PLC (NASDAQ:RYAAY) is Europe’s largest low-cost airline by passenger volume, leveraging a cost-efficient model and extensive route network to drive consistent profitability. The one-month return of Ryanair Holdings PLC (NASDAQ:RYAAY) was approximately 5.51%, and its shares have gained about 45.51% of their value over the last 52 weeks. On January 26, 2026, Ryanair Holdings PLC (NASDAQ:RYAAY) stock closed at approximately $69.00 per share, with a market capitalization of about $36.216 billion.

Baird Chautauqua International and Global Growth Funds stated the following regarding Ryanair Holdings PLC (NASDAQ:RYAAY):

"After posting an in-line September quarter and providing a better-than-expected outlook for the holiday travel season based on forward bookings, Ryanair Holdings PLC (NASDAQ:RYAAY) outlined a bullish long-term outlook. Based on continued industry capacity constraints and the company’s widening unit cost advantage, Ryanair believes it can raise fares while maintaining its significant value gap to competitors and increase net profit per passenger from €10 today to €12 to €14 over the next decade."

Ryanair Holdings PLC (NASDAQ:RYAAY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held Ryanair Holdings PLC (NASDAQ:RYAAY) at the end of the third quarter, which was 23 in the previous quarter. While we acknowledge the risk and potential of Ryanair Holdings PLC (NASDAQ:RYAAY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Ryanair Holdings PLC (NASDAQ:RYAAY) and shared the list of best airline stocks to buy heading into 2026. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.