Shares in Ryanair Holdings PLC (LSE:RYA) (Ryanair Holdings PLC (LSE:RYA)), easyJet PLC and Wizz Air Holdings PLC (AIM:WIZZ) (Wizz Air Holdings PLC (AIM:WIZZ)) edged higher on Wednesday morning following sweeping upgrades from Deutsche Bank. Wizz Air was granted a ‘hold’ rating by Deutsche in a Wednesday morning note, up from a ‘sell’ rating previously. Deutsche highlighted a better-than-expected outlook from Wizz itself over efforts to mitigate the impact of aircraft groundings due to investigations into Pr ...

Shares in easyJet PLC rose 2.8% after a well-received presentation on its Holidays business on Thursday.  Bank of America said Holidays CEO Garry Wilson presented a “compelling case” for how the business will maintain its strong growth trajectory and take share from competitors in the UK, with a view to eventually surpassing them and becoming the top operator in the market.  The business boasts a model that is hard to replicate, underpinned by a network that far exceeds that of tour operator peers, it expla ...

easyJet PLC (LSE:EZJ), the airline company, is offering free holidays for grandparents going away with their families. As part of the group’s tour operator division, easyJet Holidays, older relatives will get the chance to receive free tickets to European destinations such as Italy, Spain and Greece. It comes after recent findings by the company revealed that half of the families have never embarked on overseas family holidays with grandparents. Matt Callaghan, chief operating officer of easyJet Holidays, s ...

JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) has laid down a positive outlook for the short-haul airline sector heading into the summer season, leading to an upgrade of easyJet plc stock from neutral to overweight. The budget airline said its performance has improved year on year in its last quarterly update, with booking trends giving a positive outlook for the remainder of the financial year.  Underlying trends in the quarter were strong, although headline results were impacted by the conflict in the Middle Ea ...

easyJet PLC investors overlooked news that the airline had been impacted by the war in the Middle East during the first quarter as shares climbed over 2% on Wednesday. Despite announcing a £40 million hit from the war, FTSE 250-listed easyJet said losses had narrowed during the quarter as people continued to fork out on travel despite higher living costs.  “It seems consumers still have the capacity and the will to prioritise spending on their holidays,” AJ Bell analyst Russ Mould said, despite pockets bein ...

Photo by Denis Doyle/Getty ImagesGetty ImageseasyJet’s share price rose on Wednesday as the budget airline announced narrowing losses despite problems on its Middle Eastern routes.At 531p per share, the FTSE 250 company was 4.5% higher in midweek trading.Revenues ticked 22% higher during the final three months of 2023, easyJet said, to £1.8 billion. This meant pre-tax losses narrowed slightly to £126 million from £133 million in the same 2022 period.Passenger revenues rose 16%, to £1.1 billion, as traveller ...

easyJet PLC on Wednesday reported a narrowed first quarter loss despite taking a £40 million from the Middle East conflict. The budget airline said its performance has improved year on year, with booking trends giving a positive outlook for the remainder of the financial year.  Underlying trends in the quarter were strong, although headline results were impacted by the conflict in the Middle East. The conflict had short term impacts from a pause in flights to Israel and Jordan and a temporary slowdown in fl ...

Budget airline rivals easyJet PLC and Wizz Air Holdings PLC (AIM:WIZZ) will battle it out next week with updates each will hope bring further good news of the short-haul sector’s booming post pandemic recovery. easyJet will report on its first quarter trading on Wednesday, 24 January, with Wizz Air then offering up a third-quarter update a day later on January 25. easyJet’s update will offer investors a glimpse of the airline’s progress since a return to pre-tax profit last year following the groundings of ...

easyJet has received a double upgrade from analysts at Bank of America, who see bigger capacity, stable fuel costs and more people going on holiday as a winning trio. Buy, from underperform, is the bank’s new view after it raised its profit forecast for this by 14% to £549 million and load factors (plane occupancy) 1% higher than previously on average. “Growth will be driven by both higher passenger numbers (company targets over 35% year-on-year) and we are at 36%) and increasing ASP (seat prices).” Shares ...