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Mar 26 2020, 16:25 GMT
Airlines
With crisis comes opportunity: audio link from conference call
- Sectors : Airlines
- Companies : Lufthansa | easyJet | Air France KLM | IAG | Wizz Air Holdings | Ryanair Holdings | Norwegian Air
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Air France KLM | NEUTRAL | 20/01/20 | Outperform | 21/01/19 | 515c |
| easyJet | NEUTRAL | 20/06/18 | Outperform | 12/12/17 | 648p |
| IAG | OUTPERFORM | 31/08/18 | Neutral | 22/08/17 | 228.0p |
| Lufthansa | NEUTRAL | 30/10/18 | Outperform | 27/01/17 | 939c |
| Norwegian Air | NEUTRAL | 01/09/15 | Underperform | 22/01/15 | 930nok |
| Ryanair Holdings | OUTPERFORM | 07/12/09 | Neutral | 02/11/09 | 958c |
| Wizz Air Holdings | NEUTRAL | 09/09/19 | Outperform | 20/06/18 | 2340.0p |
DAVY VIEW
On March 25th, Davy hosted a conference call, ”Airlines: With crisis comes opportunity”, in which Transport analysts Stephen Furlong and Ross Harvey spoke about how the airline industry will deal with the fall-out from COVID-19, the biggest crisis it has ever faced, and the key issues for investors. Themes discussed include liquidity, consolidation, state intervention and long-term consequences. Links to the audio call and to the report that was published are provided below.
