Airlines & Other Transport

LCC summer preview: caution likely to prevail through earnings season

  • Sectors : Airlines & Other Transport
  • Companies : Wizz Air Holdings | easyJet | Norwegian Air | Ryanair Holdings

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
easyJet NEUTRAL 20/06/18 Outperform 12/12/17 1094p
Ryanair Holdings OUTPERFORM 07/12/09 Neutral 02/11/09 1149c
Norwegian Air NEUTRAL 01/09/15 Underperform 22/01/15 4092nok
Wizz Air Holdings OUTPERFORM 20/06/18 Neutral 21/06/16 3396.0p

DAVY VIEW

Since the last earnings season news flow has been difficult, with Brexit noise limiting UK consumer demand, rising fuel prices and MAX issues for Boeing operators. We expect that, while largely in the price and despite a tightening supply environment, the combination of the above will lead to cautious outlook statements. Close-in peak summer and winter fares could lead to upside surprises as we progress through the year.

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May 8 2019, 06:30 IST/BST

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