Davy Research

Airlines & Other Transport

The Amazon(s) of travel?
Airlines & Other Transport
Wizz Air Holdings | easyJet | Norwegian Air | Ryanair Holdings

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).

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • easyJet

    Closing Price: 116600p

  • RATING 14/06/17

  • PREVIOUS RATING 27/01/17

    Underperform

  • Ryanair Holdings

    Closing Price: 1808c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    Neutral

  • Norwegian Air

    Closing Price: 20810

  • RATING 01/09/15

  • PREVIOUS RATING 22/01/15

    Underperform

  • Wizz Air Holdings

    Closing Price: 3137p

  • RATING 21/06/16

  • PREVIOUS RATING N/A

Analyst(S)

Airlines & Other Transport

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