Nov 13 2019
Transport & logistics
Recent Research
IAG, To acquire Air Europa
Nov 4 2019
Meet your Transport & logistics Research team
Wizz Air Holdings
Solid Q2 allows tightening of full-year net income range
Wizz Air has delivered a solid second quarter, broadly in line with expectations. Ancillaries per passenger continue to underpin much of the growth, up 18% in the half at a good...
AerCap Holdings
Q3 results: demonstrating positive operating leverage
AerCap (AER) has issued a strong set of Q3 results with diluted EPS of $2.01, 5% ahead of consensus ($1.91) and 6% above our estimates (Davy: $1.90). The beat was driven by another...
Aircraft leasing
Aircraft leasing deep dive: expanding sector coverage
The principal aim of this report is to give investors deeper insight into the four main US/UK listed aircraft leasing companies. Our preference is for businesses that have a strong...
IAG
Message in line with September 28th statement; focus will be November 8th CMD
IAG reiterated its statement of September 28th with an unchanged outlook — at current fuel prices and exchange rates, IAG expects its 2019 operating profit before exceptional items...
Air France KLM
Focus will turn to the Capital Markets Day on November 5th
Air France KLM will report Q3 results on October 31st and will hold its first Capital Markets Day (CMD) under CEO Ben Smith on November 5th. For the former, reflecting the “weaker than...
Ryanair Holdings
Q2 should show short haul improving
In our recent industry report, “Who Dares Wins”, we pointed out that although it may not feel like it, the structural underpinnings of the European airline sector continue to improve....
IAG
Needs to reiterate targets at Capital Markets Day
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...
Airlines
Who Dares Wins
It may not feel like it, but the structural underpinnings of the European airline sector continue to improve. Those that deliver, i.e. the five leading airlines, now control over 60% of...
Datalex
Firmly in flux
The situation at Datalex remains firmly in flux and certainty, alas, remains a distant aspiration. While today’s update is largely backward-looking – outlook and guidance will be discussed...
Irish Continental Grp
Investments should start to bear fruit
Irish Continental Group (ICG) will report interim results on August 29th. The focus will be on outlook, the deliverability of FY forecasts and recent trading. H1 statistics from Dublin Port...
