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Jul 14 2022, 06:45 IST/BST
Ratings and price correct at time of issue
|Company||Rating||Date||Previous Rating||Date||Closing Price|
|Wizz Air Holdings||NEUTRAL||25/04/22||Underperform||21/04/21||1792.0p|
First up on reporting season for the airlines will be the low-cost carriers (LCCs), and we expect Ryanair to be the standout performer from a cost, operational efficiency and growth perspective. Disruption costs could range from c.£150m for easyJet, €50m for Wizz and immaterial for Ryanair (consulting firm Cirium reported June cancellations of close to 5% in easyJet, 4% in Wizz and 0.2% at Ryanair). Unit revenue should remain strong (close to double-digit of pre-COVID levels) throughout the sector for peak summer.