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Highlights
- International Consolidated Airlines Group’s total revenue for H1 ended 30 June 2021 was €2.2 billion, down by 58.2% from the previous year’s €5.2 billion.
- EasyJet’s total group revenue and headline costs for Q4 2021 is expected to be around £1.0 billion and around £1.14 billion, respectively.
- Ryanair operated with more than 69,500 flights and a load factor of 81% in September.
Air travel within the UK is set to become cheaper as air passenger duty has been slashed. However, long-haul services are expected to be imposed with high air passenger duty rates. The air passenger duty would be reduced to £6.50 per passenger for domestic flights starting April 2023, as per the latest budget announcement by Rishi Sunak. The decision has also sparked tremendous outrage among climate activists.
At the same time, an “ultra-long haul distance band” of £91 for passengers flying to destinations over 5,500 miles from the UK, such as Australia, will be introduced.
Below is a detailed review of 3 aviation stocks - International Consolidated Airlines Group, EasyJet and Ryanair Holdings.
(Data source: EODHD/Others)
International Consolidated Airlines Group S.A. (LON: IAG)
International Consolidated Airlines Group is an FTSE 100 listed airline group that operates a fleet of 533 aircraft. For Q2 ended 30 June 2021, IAG’s total passenger capacity was 21.9% of 2019 levels. During Q3 2021, the company plans to operate at about 45% of 2019 capacity. In Q2, the company operated 1,371 cargo-only flights, an increase from 1,306 in Q1.
The shares of International Consolidated Airlines Group closed at GBX 159.96, up by 0.01% on Wednesday, 28 October 2021. The shares of the company returned 66.00% to shareholders in the last one year, and the market cap of the company stands at £7,934.60 million.
International Consolidated Airlines Group’s total revenue for H1 ended 30 June 2021 was €2.2 billion, down by 58.2% from the previous year’s €5.2 billion. It recorded a loss after tax of €2.04 billion in H1 2021 compared to €3.81 billion in H1 2020.
EasyJet Plc (LON: EZJ)
EasyJet is a multinational budget and short-haul airline group. Recently, EasyJet inaugurated its first lounge in collaboration with No1 Lounges at its main hub at London Gatwick Airport.
During its Q4 2021, EasyJet operated at 17.3 million capacity that is 58% of FY19 capacity. EasyJet’s loss before tax for the year ended 30 September 2021 is estimated to be between £1.13 billion and £1.17 billion.
Total group revenue and headline costs of EasyJet for Q4 2021 is expected to be around £1.0 billion and around £1.14 billion, respectively.
The shares of EasyJet closed at GBX 608.40, down by 0.16% on Wednesday, 28 October 2021. The shares of the company returned 20.71% to shareholders in the last one year, and the market cap of the company stands at £4,619.31 million.
Ryanair Holdings Plc (LON: RYA)
Ryanair is an ultra-low-cost carrier. Recently, Ryanair announced the launch of new services to the UK and Europe from Shannon Airport. Ryanair’s traffic rose to 10.6 million passengers in September 2021 compared to 5.2 million in September 2020.
The shares of Ryanair Holdings closed at GBX 15.95, down by 2.27% on Wednesday, 28 October 2021. The shares of the company returned 31.11% to shareholders in the last one year, and the market cap of the company stands at £15,264.87 million.
Ryanair operated with more than 69,500 flights and a load factor of 81% in September 2021. The company’s total revenues for the year ended 31 March 2021 was €1,636 million compared to €8,495 million in 2020.
