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Jan 17 2024, 07:00 GMT
Airlines
Supply playing catch-up to demand
- 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 | OUTPERFORM | 17/05/23 | Neutral | 12/01/23 | 1161c |
| easyJet | OUTPERFORM | 24/01/22 | Neutral | 14/07/21 | 498p |
| IAG | NEUTRAL | 17/01/24 | Outperform | 27/09/22 | 143.0p |
| Lufthansa | OUTPERFORM | 24/01/22 | Underperform | 08/06/20 | 732c |
| Norwegian Air | NEUTRAL | 01/09/15 | Underperform | 22/01/15 | 1192nok |
| Ryanair Holdings | OUTPERFORM | 07/12/09 | Neutral | 02/11/09 | 1804c |
| Wizz Air Holdings | NEUTRAL | 17/01/24 | Outperform | 12/01/23 | 2019.0p |
DAVY VIEW
Continuing supply chain issues, notably the Pratt & Whitney Geared Turbofan (GTF), will support the unit revenue environment – particularly in short haul – over the coming years. However, capacity creep is likely to see yields plateau over the summer, with the Atlantic (North and South) most at risk.
