Airlines and other travel companies led the risers in the FTSE 350 and the US on Tuesday, after a ceasefire was announced between Israel and Iran. British Airways owner International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC (LSE:EZJ) both saw their shares fly over 6% higher on the blue-chip index.
Easyjet's cabin crews based in Spain will go on strike on June 25, 26 and 27 to demand higher wages as the holiday season kicks into high gear, the USO union said on Tuesday.
Airlines and travel stocks fell in Europe and the US, as oil and gold prices also rose amidst heightened geopolitical tensions. Tensions in the Middle East weighed on expectations for leisure travel, while rising oil prices bode badly for airline and cruise ship profit margins.
EasyJet PLC (LSE:EZJ) has been upgraded by RBC Capital Markets as it sees the budget airline as "well positioned to exceed consensus expectations" in its 2026 financial year, supported by favourable foreign exchange and fuel trends as well as internal profit-improvement efforts. Several contributing factors are expected to boost profits, including reducing winter losses, "upgauging" to the lowe...
Die kanadische Bank RBC hat Easyjet GB00B7KR2P84 von "Sector Perform" auf "Outperform" hochgestuft und das Kursziel von 570 auf 650 Pence angehoben.
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