RE: Broker comment10 Jan 2019 14:01
Berenberg have rated both RYA & EZJ s a SELL ( RYA sub £10 & EZY £10). Usual comments - increased costs, over capacity etc, etc. You could apply that so called analysis to almost every sector of the economy. Berenberg have rated WIZZ as a BUY......where is the logic in this?
Increased costs & over capacity were around when RYA & EZJ were £18.......so what has really changed?......the biggest issue facing airlines (and the rest of the overall economy is the £ stg....thanks to the Brexiters, the £ is rock bottom and likely to fall further - huge implications for the airlines. Oil / leasing / buying - all priced in dollars.
Non UK maintenance is also priced in Euros or dollars.....and given the state of the £, all these costs are likely to rise.