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Europe’s Cheap Airline Stocks Fail to Get a Peak Season Boost

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Air France-KLM,Ryanair Holdings Plc,RBC Capital Markets

(Bloomberg) -- The high season for summer travel has been abysmal for European airline shares so far. Most Read from BloombergKamala Harris Is Having a...

Biden’s Fourth of July Shrouded by Pressure to Drop 2024 BidAir France-KLM and Norwegian Air Shuttle ASA both gave investors warnings this week about business conditions ahead that suggest the industry will continue to face tough times. Strikes, high costs and issues with aircraft deliveries have also plagued Europe’s carriers.

To be sure, Stephen Furlong, an analyst at Davy, said airline stocks tend to fare better at the end of the year and the current run of weak performance isn’t unusual. All eyes are now on the major European carriers reporting earnings this month. Ryanair will be the first to release results for the first quarter on July 22, followed by EasyJet and Air France-KLM earnings the same week.

Nancy Pelosi disclosed stock market trades made by her husband. He loaded up on AI plays like Nvidia and sold Tesla.

 

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