Ryanair – FY25 Weakness Suggests a “normalization” and Prompts Structural Industry Questions
We publish detailed analysis on Ryanair's pessimistic outlook, highlighting that FY25's performance simply reflects a normalization, and...
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Ryanair - Pricing Appears to Be Softening; Re-Setting Profitability Expectations
Reflection of latest fare data in our Ryanair forecasts, with market pricing apparently softening further from June. We cut FY25 net income by 9%...
151 Views
Lufthansa Group – Revisiting Margin and Portfolio Management Challenges
Lufthansa's latest profit warning includes the message that Lufthansa mainline needs a transformation programme. We outline the issues at LH...
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GOL – Short-Term Challenges to Navigate Before Delivering on Complicated Long-Term Pitch
Update on GOL as it navigates Chapter 11 in a swirl of consolidation speculation/possibility. We cut 2024 forecasts due to concerning revenue...
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Avianca – Bridging 2024 Prospects with a Little Help from LATAM
Following Avianca's announcement today that it plans to IPO in the US, we re-publish our latest research report on the company, including detailed...
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