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Oct 7 2019, 14:25 IST/BST
We have adjusted our FY2019 numbers post the strike-related warning last week but have broadly maintained our forecasts for FY2020 onwards. In order to combat scepticism in the valuation, the key for the stock is to reiterate (with lower capacity growth) its long-term targets – specifically in relation to ROIC (15%), operating margin (12-15%) and equity free cash flow (FCF) targets (€2.5bn per annum) – at its Capital Markets Day (CMD) on November 8th.
Oct 7 2019, 14:25 IST/BST