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Sep 8 2017, 06:30 IST/BST
Airlines & Other Transport
The Amazon(s) of travel?
- Sectors : Airlines & Other Transport
- Companies : Wizz Air Holdings | Ryanair Holdings | easyJet | Norwegian Air
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| easyJet | NEUTRAL | 14/06/17 | Underperform | 27/01/17 | 116600p |
| Ryanair Holdings | OUTPERFORM | 07/12/09 | Neutral | 02/11/09 | 1808c |
| Norwegian Air | NEUTRAL | 01/09/15 | Underperform | 22/01/15 | 20810 |
| Wizz Air Holdings | NEUTRAL | 21/06/16 | N/A | N/A | 3137p |
DAVY VIEW
In this report we examine how Europe’s main low-cost carriers (LCCs) are utilising digital technologies to leverage and enhance customer relationships. We have held extensive discussions with the heads of marketing and IT at Europe’s two largest players, Ryanair and easyJet. Uniquely positioned as the ‘gatekeepers’ of travel, we think the longer-term earnings and multiple upside could be material. This serves to further underpin our structural long thesis on Ryanair (‘Outperform, price target €20).
