🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

EasyJet, Ryanair, and Wizz Air seeing encouraging fare trends, says JPMorgan

Published 20/03/2024, 12:54
© Reuters.  EasyJet, Ryanair, and Wizz Air seeing encouraging fare trends, says JPMorgan
EZJ
-
0RYA
-
WIZZ
-

Proactive Investors - Low-cost carriers EasyJet, Ryanair (LON:0RYA) and Wizz Air (LON:WIZZ) are showing encouraging fare trends, with an average 17% year-on-year increase achieved in February, according to newly published data from JPMorgan Chase (NYSE:JPM).

Ryanair, while showing a solid +11% increase in February fares, slightly missed the more optimistic forecasts set by JPMorgan.

This, however, is counterbalanced by the anticipation of a strong March performance, buoyed by the upcoming Easter season.

Wizz Air saw a notable 23% increase in fares in February, while easyJet (LON:EZJ) fares surged 18%.

Looking forward, JPM analysts noted a “potentially strong demand picture for summer” across the low-cost carrier space, “given delivery delays and capacity constraints”.

“The early data looks supportive,” said the bank, though analysts did note that the entirety of summer is likely only around 30% booked at the current stage.

JPM has an overweight rating on easyJet and Ryanair stock, while Wizz Air is a neutral.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.