Analysis of Ryanair and the Capital Asset Pricing Model

Identifier:  TFG:1736

Handle: https://hdl.handle.net/20.500.11797/TFG1736

Authors:  Just Guerrero, Rosa

Abstract:
The “Analysis of Ryanair and the Capital Asset Pricing Model” is a Final Degree Project that is divided mainly in three parts. First of all, introduces from a theoretical point of view what an asset pricing model is and its main characteristics and uses. It also focuses specifically on the basic Capital Asset Pricing Model with an essay about it, its main alternative models and some known tests that have been done in the past. The second part is about airlines, a sum up of its history and particularly the description and the main characteristics of the low-cost airlines’ concept nowadays. It also contains a more practical part where the shares evolution of four low-cost airlines in different economic situations is compared from an investor’s point of view. Finally, in the last part, there is a practical combination of the previous two parts where the Capital Asset Pricing Model is tested whether it works or not with Ryanair’s shares.