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May 28 2026, 07:00 IST/BST
Airlines
Integrated airlines versus asset-light platforms
- Sectors : Airlines
- Companies : On the Beach Group plc | lastminute.com | Jet2 plc | easyJet
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| easyJet | NEUTRAL | 16/01/25 | Outperform | 24/01/22 | 377p |
| Jet2 plc | NEUTRAL | 14/01/26 | Outperform | 05/06/24 | 1141p |
| lastminute.com | OUTPERFORM | 28/05/26 | N/A | N/A | 1413chf |
| On the Beach Group plc | OUTPERFORM | 03/07/25 | N/A | N/A | 138p |
DAVY VIEW
The UK holiday market is facing challenges as second order effects from the outbreak of the Middle East war continue to weigh on the sector. Consumer sentiment has shifted, with heightened uncertainty leading to delayed booking behaviour and increased sensitivity to flexibility and price. This has contributed to mix and margin worries across the market despite underlying travel intent remaining intact, particularly for summer holidays.
