Supply playing catch-up to demand

  • Sectors : Airlines
  • Companies : Lufthansa | easyJet | Air France KLM | IAG | Wizz Air Holdings | Ryanair Holdings | Norwegian Air


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Air France KLM OUTPERFORM 17/05/23 Neutral 12/01/23 1161c
easyJet OUTPERFORM 24/01/22 Neutral 14/07/21 498p
IAG NEUTRAL 17/01/24 Outperform 27/09/22 143.0p
Lufthansa OUTPERFORM 24/01/22 Underperform 08/06/20 732c
Norwegian Air NEUTRAL 01/09/15 Underperform 22/01/15 1192nok
Ryanair Holdings OUTPERFORM 07/12/09 Neutral 02/11/09 1804c
Wizz Air Holdings NEUTRAL 17/01/24 Outperform 12/01/23 2019.0p


Continuing supply chain issues, notably the Pratt & Whitney Geared Turbofan (GTF), will support the unit revenue environment – particularly in short haul – over the coming years. However, capacity creep is likely to see yields plateau over the summer, with the Atlantic (North and South) most at risk.

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Jan 17 2024, 07:00 GMT