Ryanair and IAG well placed to see out Covid-19 crisis – analysts
Ryanair and IAG are among the best-placed carriers to see out the Covid-19 crisis, analysts say. Airlines globally could lose E230b in revenues this year as passenger flights are grounded amid efforts to halt the spread of coronavirus in Europe and the US, according to some estimates. Stephen Furlong and Ross Harvey, analysts with Irish stockbrokers Davy, say in a note published Wednesday that Ryanair and IAG, “look to be the most secure” among Europe’s airlines. Furlong and Harvey point out that if no aircraft fly for the next year, Ryanair has 18 months of available cash while IAG has 16 months. “We believe that these airlines are well positioned to withstand an impact to European traffic, similar to that of China, which has begun to see bookings stabilise in the third month after the outbreak,” the analysts say. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-26/oneworld/ryanair-and-iag-well-placed-to-see-out-covid-19-crisis-2013-analysts
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Ryanair and IAG well placed to see out Covid-19 crisis – analysts
Ryanair and IAG are among the best-placed carriers to see out the Covid-19 crisis, analysts say. Airlines globally could lose E230b in revenues this year as passenger flights are grounded amid efforts to halt the spread of coronavirus in Europe and the US, according to some estimates. Stephen Furlong and Ross Harvey, analysts with Irish stockbrokers Davy, say in a note published Wednesday that Ryanair and IAG, “look to be the most secure” among Europe’s airlines. Furlong and Harvey point out that if no aircraft fly for the next year, Ryanair has 18 months of available cash while IAG has 16 months. “We believe that these airlines are well positioned to withstand an impact to European traffic, similar to that of China, which has begun to see bookings stabilise in the third month after the outbreak,” the analysts say. <br/>
