European airlines: GS says 'buy' easyJet, Ryanair 07:088 Jun 2021 11:08
BUZZ – European airlines: LCCs more profitable – GS says 'buy' easyJet, Ryanair
07:08
* Goldman Sachs expects European travel restrictions to lift and short-haul recovery from H2, preferring low-cost carriers (LCCs) over flag airlines
* "We forecast LCCs to be more profitable post-pandemic versus 2019, reflecting a fast volume recovery, lower industry capacity and a reduction in their cost base," the broker says
* It expects smaller European fleets post pandemic but higher yields
* GS upgrades easyJet to "buy" and reiterates "buy" on Ryanair , whereas it cuts Deutsche Lufthansa to "sell" and IAG to "neutral"