Ryanair opens Rimini base: JPMorgan cuts target for Ryanair stock

Published on 10/18/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rimini will double seats from 2025 to 600,000 for Summer 2027. JPMorgan cut its target for Ryanair stock from EUR 32 to EUR 29 on October 14, 2026.

Rimini expansion and target reset

Ryanair announced a USD 200 million Rimini base investment on October 15, 2026.
JPMorgan cut its target from EUR 32 to EUR 29 on October 14, 2026.
Ryanair stock last stood at EUR 22.89 on October 16, 2026, the Xetra close.

Weißes generisches Kurzstreckenflugzeug wird am Flughafengate in Dublin beladen — Fotorealistisches Bild eines generischen Kurzstreckenflugzeugs am Gate symbolisiert Ryanair Holdings plc, ISIN IE00BYTBXV33, Dublin, Illustration mit AI erstellt.

Ryanair (IE00BYTBXV33) announced a USD 200 million investment in a new two-aircraft base at Rimini on October 15, 2026. According to Ryanair, the Summer 2027 schedule will offer more than 600,000 seats across 17 routes and operate 114 weekly flights. On October 14, 2026, Markets Insider reported that JPMorgan cut its Ryanair target from EUR 32 to EUR 29 while retaining an Overweight rating.

Three events shape the picture

On June 30, 2026, Ryanair's quarter produced EUR 4.38 billion in revenue and EUR 537.7 million in net profit, compared with EUR 4.34 billion and EUR 819.9 million in the year-earlier quarter, according to Markets Insider. On October 14, JPMorgan lowered its target to EUR 29 from EUR 32. On October 15, Ryanair announced the Rimini base with 17 routes and more than 500 local jobs, making the expansion the most recent event in this sequence.

What does the Rimini base mean?

The capacity plan doubles Rimini seats versus 2025, while the route count reaches 17 with five new destinations. The investment follows Emilia-Romagna's abolition of the municipal tax, linking the expansion to a specific cost-policy change rather than a general fleet announcement. Ryanair's investor-relations page lists 20.1 million September passengers and a 94 percent load factor, and schedules H1 FY27 results for November 2, 2026, according to Ryanair.

Next dates for Ryanair

The next scheduled reporting date is November 2, 2026, for H1 FY27 results. The Rimini operation is planned for Summer 2027, when the two aircraft, 17 routes and 114 weekly flights are due to enter the schedule.

Stock stays below the target

The last Xetra price was EUR 22.89 on October 16, 2026. That level sits EUR 6.11 below JPMorgan's EUR 29 target announced on October 14, 2026, while the earnings date on November 2, 2026 gives investors the next formal operating update. The further course of trading is shown by the continuously updated real-time quote of Ryanair stock.