European Airlines - Assessing Fuel Price Risk to Earnings

EasyJet – Lower Pricing and Fuel Costs Leave Earnings Forecasts Intact – Winter Losses Revisited

European Airlines – The Ravages of Increased Earnings Seasonality

EasyJet - On Track for >£600m PBT in FY24 and Another Record Summer

European Airlines - LCCs Unlikely to Pass Through Fuel Tailwinds in 2024

Wizz Air - Distortion Continues but Conditions Favourable to Pass Key Summer Test

Founder & Managing Director, AIR Control Tower, AIR Control Tower

Neil Glynn

Founder & Managing Director, AIR Control Tower

AIR Control Tower

AIR Control Tower is an independent research and analysis platform. Its mission is to provide impactful insight and analysis across the global airline industry at a company and market level via detailed financial models to aid decision making for key stake holders at a time when risks have seldom, if ever, been higher and the global sector grapples with the imperative of funding de-carbonisation. Unique analysis forecasting global carrier-level earnings/cash flows, and restructuring/de-leveraging prospects, is designed to dynamically assess the health of the industry, predict surprises and identify potential requirements for third party support.

Insights on the global airline industry

Equity Bottom-Up

<ul>
<li>Summer pricing data suggests growth yoy for European short haul carriers.</li>
<li>This prompts us to raise our easyJet PBT forecast 11% to £676m for FY24.</li>
<li>We continue to see underperforming Wizz Air as the carrier with greatest opportunity to improve perception towards it by executing well in summer 2024.</li>
</ul>


Summer pricing data suggests growth yoy for European short haul carriers.
This prompts us to raise our easyJet PBT forecast 11% to £676m for FY24.
We continue to see underperforming Wizz Air as the carrier with greatest opportunity to improve perception towards it by executing well in summer 2024.


European Airlines – Increasing Confidence in LCC Summer Pricing and Profitability

easyJet PLC

European Airlines – Increasing Confidence in LCC Summer Pricing and Profitability