Citi upgrades Easyjet and IAG to 'buy', double-downgrades Lufthansa
31st Aug 2018 12:48
(Sharecast News) - Faced with a "favourable" demand outlook but multiple headwinds including re-emerging capacity risks, "underestimated" fuel headwinds, a kaleidoscope of pricing trends and industry-wide cost creep, analysts at Citi expressed a preference for the "less operationally-geared" names in the space.
Read moreBritish Airways and Air France-KLM to suspend flights to Iran amid US sanctions
24th Aug 2018 08:43
(Sharecast News) - Two of Europe's biggest airlines have announced they would suspend their services to Iran claiming they are no longer commercially viable due to the latest US sanctions.
Read moreWednesday broker round-up
8th Aug 2018 12:36
(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.
Read moreIAG operating profit ascends, still interested in Norwegian
3rd Aug 2018 07:34
(Sharecast News) - International Consolidated Airlines Group reporting a strong increase in profits at the half-year stage, but not enough to satisfy demanding investors.
Read moreSunday newspaper round-up: US recession, Housing policy, RBS
5th Feb 2017 16:37
(ShareCast News) - Donald Trump's economic honeymoon could come to an end as soon as next year, senior City fund managers have forecast, with the US at risk of plunging into recession. Nine years on from the start of the financial crisis, the US recovery may be overheating, Legal & General Investmen
Read moreEasyJet flies lower on Goldman, Davy downgrades; IAG gets a boost
27th Jan 2017 08:36
(ShareCast News) - Shares in budget airline easyJet flew lower on Friday as Goldman Sachs and Davy downgraded their stances on the stock. Goldman downgraded easyJet to 'neutral' from 'buy' and cut the price target to 970p from 1,160p, citing a deteriorating free cash flow outlook. The bank said ong
Read moreIAG traffic and load factor up in December
9th Jan 2017 15:58
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group reported a rise in traffic and the load factor in December. The airline said group traffic measured in revenue passenger kilometres rose 3.9% last month compared to the same month last year, while the load
Read moreMerrill Lynch cuts Ryanair, highlights IAG's attractions
3rd Jan 2017 08:58
(ShareCast News) - Bank of America Merrill Lynch downgraded Ryanair to an 'underperform' rating and instead tilted its joystick towards International Consolidated Airlines Group (IAG), where it nudged up its target price. Merrill has taken on board an additional theme of increasing protectionism to
Read moreBritish Airways plans full festive service in spite of strikes
19th Dec 2016 12:48
(ShareCast News) - British Airways said on Monday that it would run a full service on Christmas Day and Boxing Day despite the strike action proposed by cabin crew. Alex Cruz, chief executive of BA, which is part of International Consolidated Airlines Group (IAG), said management had been wor
Read moreBritish Airways cabin crew vote to strike over pay
14th Dec 2016 14:43
(ShareCast News) - British Airways cabin crew have voted overwhelmingly in favour of strike action in a row over pay. Union Unite said it is urging BA to return to the negotiating table and engage with the union in a meaningful way or more than 2,500 crew members could go on strike after 21 December
Read moreIAG traffic and capacity rise in November
5th Dec 2016 10:51
(ShareCast News) - British Airways and Iberia parent International Consolidated Airlines Group reported a 3.2% rise in traffic for November from the same month last year, as measured in revenue passenger kilometres. The airline, which also owns Aer Lingus and Vueling, said group capacity measured in
Read moreBerenberg initiates coverage of EasyJet, Ryanair and IAG at 'buy'
11th Nov 2016 07:48
(ShareCast News) - Berenberg initiated coverage of EasyJet, Ryanair and International Consolidated Airlines Group as it took a look at the airlines sector. It started Ryanair at 'buy' with a €16.00 price target, noting it's the lowest-cost producer and clear structural winner in the European airline
Read moreMonday broker round-up
7th Nov 2016 11:39
(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with
Read moreIAG cuts forecasts for medium-term growth in operating profits
4th Nov 2016 10:22
(ShareCast News) - IAG cut its medium and long-term forecasts for several of its key financial metrics at its Capital Markets Day. The airline carrier lowered its projections for growth in average seat kilometre per year, between 2016 and 2020, from a range of between three to four per cent to three
Read moreIAG reports 3.1% increase in passenger traffic for October
4th Nov 2016 07:22
(ShareCast News) - IAG carried 3.9% more passengers during the month of October to reach 8.84m. That came alongside a 3.1% rise in total revenues per passenger kilometre to 21.4m and a 5.0% increase in available seat kilometre to 26.1m. Europe continued to be the mainstay in terms of passengers tra
Read more