Ryanair Holdings PLC. (NASDAQ:RYAAY) is considered one of the best airline stocks to buy by hedge funds, aiming to recover most of the 7% decline in average fares from last year. The Irish airline is riding a booking boom with strong demand this summer, projecting a profit surge for the first quarter ending in June.

Chief Executive Michael O’Leary remains confident in Ryanair’s performance, noting strong booking trends and rising ticket prices. Despite heatwaves across Europe, O’Leary downplays their impact on the travel industry as temporary. The airline plans to triple passengers from Modline airport in Warsaw, investing $400 million and doubling aircraft based there by 2030.

Ryanair Holdings PLC. (NASDAQ:RYAAY) is an Irish low-cost airline known for its extensive route network across Europe, North Africa, and the Middle East. While RYAAY shows potential as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks may benefit from exploring other options.

Read more at Yahoo Finance: Ryanair (RYAAY) Rides Booking Boom with Expansion Plans and Profit Surge