In a European Airlines research note titled ‘Fast Start 2025: Supply Tightness In Cross Atlantic – Pricing Upside,’ Citi analyst Sathish Sivakumar called Ryanair (RYAAY) and IAG (ICAGY) its top picks in the sector, noting that both stocks are on Citi’s Focus List. The firm cited pricing outperformance and cash returns for its optimism on Ryanair, and the company’s strength in North-Atlantic and Corporate travel for IAG. The analyst also double upgraded Lufthansa (DLAKY) to Buy from Sell with a price target of EUR 8.50, up from EUR 5.50, saying it saw 2024 as a “trough year for margin with potential upside from capacity growth and productivity increases,” and downgraded Air France-KLM (AFLYY) to Neutral from Buy with a price target of EUR 9.50, down from EUR 10, as the firm continues to see cost pressure continuing into 2025 at Air Franc-KLM. Finally, Citi reiterated Sell rating on Wizz Aid (WZZZY0 as the firm expects it “to see continued pricing pressure on significant capacity addition.”
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Read More on RYAAY:
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