The Amazon(s) of travel?

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


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


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).

Download full report with analyst certification and important disclosures

Sep 8 2017, 06:30 IST/BST