Ryanair, EasyJet 'buys' ahead of travel easing, says HSBC
“We see the EU moving fast to reopen the US-EU market"
Company
LON:RYA
Ryanair operates a scheduled passenger airline serving routes between Ireland, the United Kingdom, Continental Europe and Morocco. It claims to be Europe's largest airline and is the parent company of Ryanair DAC, Ryanair UK, Buzz and Lauda airlines
497 stories · page 9 of 25
“We see the EU moving fast to reopen the US-EU market"
The Irish airline has filed another lawsuit, following its numerous legal battles in Europe over the past year
Existing maintenance programmes must include three additional repetitive inspections
A vaccine-based approach would at least allow the industry to plan for what is left of the summer holiday season.
Both might have breached competition law by failing to offer cash refunds said the CMA
The government is making it impossible to plan ahead says easyJet
A reported 300,000 people have travelled on holiday to amber-rated countries such as Greece and Spain
Wizz Air said this quarter it would run at 30% capacity with the intention to be back at full service in 2023
The UK is requiring ten days of isolation with two tests for passengers coming from almost all EU countries
The airline expects expects a strong rebound of pent up travel demand through the second half of 2021
The London stock market somewhat mirrored London’s weather today; a pleasant start, followed by heavy showers and then a traditional British tepid finish.
Archive
Companies in the diary for the week include Ryanair and easyJet, as well as Vodafone, Imperial Brands and Royal Mail
The aircraft was grounded last month and is still under inspection following the discovery of electrical faults, a situation that is likely to delay the budget airline's order for 210 of the new planes
“With each 1% gain in revenue per pax worth 8% to FY20A profit, sensitivities are compelling,
Both of the budget carriers reported higher passenger numbers last month compared with a year ago, although the figures were still sharply down on pre-pandemic figures
Short-haul leisure demand could potentially fully rebound next year
The airline added that the financial outcome for FY22 based on this revision is currently close to breakeven.
The Irish carrier saw its passenger traffic plunge 91% during the month to around half a million, while on a rolling annual basis the numbers were down 81%
“I think it is very difficult to persuade the UK population to sit at home, or holiday at home when everybody's been vaccinated"
“Ryanair’s balance sheet and liquidity have benefitted from the compensation from Boeing," the stockbroker said.