Oil's return above $100 a barrel has made airline investing a tougher proposition. As of writing, US crude sits comfortably above $100 while Brent is hovering around $114 as Middle East supply concerns intensify.
European airlines remain a consensus short among investors, although positioning has improved slightly over the past week as interest in industry consolidation grows, Citi's Conor Dwyer has noted. International Airlines Group (IAG), the airline group behind British Airways and Iberia, remains the sector's only consensus long, but investor positioning towards the company has become more bearish ...
The cost of jet fuel is likely to remain high for the next 12 to 18 months, Ryanair Group Chief Executive Michael O'Leary said on Thursday, but he stressed that he does not expect fuel supply to run out anytime soon.
Ryanair CEO Michael O'Leary said on Tuesday that he hoped an announced delay in certification of Boeing MAX 10 planes would be "a matter of days, not weeks or months".
Ryanair Holdings PLC (LSE:RYA) struck a positive tone on near-term demand at a dinner with analysts, though it remains mindful of stubbornly high fuel costs, according to Citi. The US bank, which attended the event with the airline's chief financial officer, said the low-cost carrier had seen an improvement in peak summer performance in recent weeks.
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