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Mar 5 2015
Ratings and price correct at time of issue
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For Aer Lingus, February broadly saw a continuation of the trends that had been discussed at its recent FY2014 results. Long-haul capacity growth of 22% continues to be absorbed with traffic increasing by 27%, meaning a load factor improvement of 3pts. On short-haul, the company is managing capacity for margin rather than for share, and a 6% decline in capacity had meant a load factor improvement of 2pts. For easyJet, the market will welcome the return of positive year-on-year load factor comparatives having declined slightly in January. Loads were up 0.2pts to an impressive level of 90.9% and passenger numbers grew 6%.