Ryanair and Wizz Air both report passenger growth of around 13% in February
For Ryanair, total passenger numbers in the month rose 13% year-on-year to 9.6mln with a load factor of 96%
Company
Wizz Air Holdings PLC
LON:WIZZ
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 66 Airbus A320 and Airbus A321 aircraft, and offers more than 420 routes from 24 bases, connecting 119 destinations across 38 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 19.7 million passengers in the last 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices.
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Wizz Air flies lower as UBS downgrades rating to 'neutral' from 'buy'
UBS argued that there was insufficient share-price upside for Wizz as it cast doubt on the budget airline’s ability to offset recent increases in fuel prices
Budget airlines Ryanair, easyJet and others, stand to benefit from overcapacity
“We see tougher market conditions in the short term as positive for the stronger airlines in the long term, since this clears out weaker competitors and aids consolidation in the market,” Liberum said
Wizz Air profits dented by fuel costs while full-year guidance hinges on Brexit and Easter
The possible impact of Brexit and a later Easter this year will determine where Wizz Air'S profits fall within its guidance range for the year
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FTSE 100 closes higher with gains across all major sectors
The UK index of leading shares finished over 107 points ahead at 6,941, while the FTSE 250 also closed strongly
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Fed statement to take centre stage on Wednesday
Not much is expected in the way of rate changes from the Fed, so the press conference from chair Jerome Powell will be holding most of the attention
Lloyds added to JPMorgan Cazenove’s European Best Equity Ideas Overweight List
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
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British Airways parent IAG, Ryanair and easyJet downgraded by Morgan Stanley
Morgan Stanely said IAG is its least preferred airline stock, citing growing concerns on topline momentum, cost headwinds and allocation of capital
easyJet knocked by JPMorgan downgrade, as sector roiled by another Ryanair profit warning
The US bank’s analysts cut their rating for easyJet to ‘neutral’ from ‘overweight’ and reduced their target price for the FTSE 100-listed firm to 1,450p from 1,800p
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British Airways-owner IAG saw rise in December passenger numbers, although load factor slipped
The FTSE 100-listed flag carrier said it flew passenger 8.3mln passengers last month, up from 7.7mln in December 2017, an 8.1% year-on-year increase
Ryanair’s wings clipped by Berenberg downgrade to ‘sell’, sees ‘value trap’ for low-cost airlines
The German broker also reduced its target price for the dual Dublin and London-listed airline to €9.75, down from €12.60 previously, with the stock trading at €10.57, down 0.9% on Monday’s close
Ryanair and Wizz Air report double-digit passenger growth in December
Ryanair reported passenger numbers of 10.3mln for December, up 12% year-on-year while its load factor was at 95%
Wizz Air and Ryanair report traffic growth in November as latter inks agreement with German pilot’s union
Wizz Air reported that passenger numbers had risen to 2.4mln during the month, an 11.2% increase year-on-year, while Ryanair's traffic grew 11% YOY to 10.4mln
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Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
UBS upgrades Wizz Air to ‘Buy’, cites underpenetrated markets and management record among positives
The bank said it expected double-digit traffic growth for the airline, adding that the bulk of its markets were predicted to have higher GDP growth and “underpenetrated travel markets”
Wizz Air shares take a dive as it downgrades full-year profit guidance on fuel prices and summer disruption
Despite positive first-half earnings, the budget airline lowered its net profits guidance for the full year to between €270mln and €300mln from between €310 and €340mln previously
FTSE 100 closes higher as markets are relieved after US midterm election
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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Fed meeting and interest rate decision to hold focus on Wednesday amid midterm results
The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
easyJet and Wizz Air shares move up as both report passenger number growth, but easyJet load factor slips
The white and orange liveried airline reported that passenger numbers for the month had risen 14.1% year-on-year to around 8.6mln
European airline stocks ready to take off again with IAG leading the way - Deutsche Bank
European airline stocks have fallen by around a fifth since the first half results season - and now look oversold, according to Deutsche Bank analysts