Ryanair Holdings’ (RYAAY) robust passenger volumes, driven by upbeat air travel demand, are boosting its top line. The company’s efforts to upgrade its fleet are commendable. However, RYAAY is grappling with high operating expenses driven by rising fuel costs, which are adversely impacting its bottom line.Factors Favoring RYAAYRyanair's passenger volumes have surged over the past few months, driven by a strong rebound in air traffic from the COVID-19 lows. In fiscal 2024, traffic grew by 9% year over year. ...