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Highlights
- The UK stock market listed airline stocks have been witnessing a positive buying momentum in the last few trading sessions.
- Recent news of progressive peace talks between Russia and Ukraine and a pickup in passenger traffic has revived the investors’ confidence in the airline sector.
The UK stock market listed airline stocks have witnessed a positive buying momentum in the last few trading sessions. Stocks like Wizz Air Holdings, EasyJet Plc, and IAG Group are receiving investors’ attention. As a result, the share prices of these airline stocks have recovered considerably from their lifetime lows made during the pandemic.
Since the start of 2022, the airline industry has been witnessing a gradual revival in travel demand because of ease in the Covid-19 related travel restrictions. However, the industry suffered another blow when the Russia-Ukraine conflict started in February 2022.
Sanctions on Russia resulted in the cancellation and rerouting of flights to avoid the Russian airspace. However, recent news of progressive peace talks between two countries has once again revived the investors’ confidence in the sector.
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Let us look at 3 FTSE listed airline stocks and their investment prospects:
International Consolidated Airlines (LON: IAG)
FTSE100 listed company is one of the largest passenger airlines globally. It provides passenger and cargo transport services in several countries and owns airline brands like British Airways, Iberia, etc.
IAG has reported a gradual recovery in passenger capacity after the pandemic. Its total passenger capacity was 36% of 2019 capacity, while its total revenue was €8,455 million for 12 months ended 31 December 2021.
IAG Group’s last close was at GBX 149.50 on 29 March 2022, with a market cap of £7,419 million. The stock price has been up by over 8.5% in the last two sessions.
Wizz Air Holdings Plc (LON: WIZZ)
The company operates medium and short-haul flight services in the European Union and the Middle East. For the three months ended 31 December 2021, the airlines reported €408.4 million in revenue and a significant rise in the number of passengers carried.
The ongoing Russian-Ukraine conflict has led to a temporary suspension of business operations in Ukraine and Russia. However, positive peace talks between the two countries might revive business operations in these regions and strengthen the company’s financials.
Wizz Air Holdings Plc’s last close was at GBX 3,018 on 29 March 2022, with a market cap of £3,110 million. The stock price has been up by over 17% in the last two trading sessions.
EasyJet Plc (LON: EZJ)
The airline company carries out its business operations in the European Union through its fleet of over 350 aircraft.
For the first quarter ended 31 December 2021, EasyJet flew at 64% passenger capacity compared to the pre-pandemic period. Further revival in airline operations and a jump in passenger traffic are expected in the upcoming months because of ease in travel restrictions.
EasyJet Plc’s last close was at GBX 561.80 on 29 March 2022, with a market cap of £4,319 million. The stock price has been up by around 9% in the last two sessions.
