AUS
NZ
UK
CA
USA
IND
Summary
- In 2020, there was an annual decline of a huge 75 per cent in the number of passengers travelling through UK airports to 74 million.
- Over 2 million passengers walked through the security checkpoints of US airport on Friday, 11 June.
- Airline bookings saw an uptick since February within the USA, as travel curbs like quarantine requirements began easing.
The UK aviation sector has been battered during the pandemic, and though the economy has started picking up pace, the recovery in the sector is still gradual. If we go by the latest analysis of the PA Media of the data of Annual Civil Aviation Authority, in 2020, there was an annual decline of huge 75 per cent in the number of passengers travelling through UK airports to 74 million from 297 million recorded in 2019.
At the same time, if we talk about the US counterpart, the airline industry witnessed the much needed respite, as over 2 million passengers walked through the security checkpoints of US airport on Friday (11 June). In a first since March last year, airports screened 2.03 million travellers at checkpoints, according to the Transportation Security Administration (TSA). For the first time in 15 months, the number crossed 2 million in a single day.
According to airline officials, several airline companies are looking forward to utilising the summer break season. Though business trips and international travel are yet to pick up, domestic holidays are back to the levels seen during pre-pandemic times.
Most of the airline companies have still not been able to overcome the financial crisis, and some have reported very meagre profits, banking primarily on the pandemic relief package to the industry. But the threat of large-scale job losses has lifted, and some airline companies have told workers that their jobs would be safe even after the government’s aid runs out in October.
Let us have a look at how aviation stocks in the UK are faring today.
International Consolidated Airlines Group (LON: IAG)
The shares of the multinational airline holding company were trading at GBX 199.64, down 1.75 per cent on 14 June at 08:04 GMT+1, holding a market capitalisation of £10,079.49 million.
Image Source-EODHD/Others
The company reported an operating loss of €1,068 million for the first quarter of 2021, down 42.6 per cent, compared to an operating loss of €1,860 million in the same period a year ago. Its total revenue was down 78.9 per cent to €968 million from €4,585 million a year ago.
Wizz Air Holdings Plc (LON: WIZZ)
The shares of the low-cost airline were trading at GBX 4,754, down 0.67 per cent on 14 June at 08:26 GMT+1, with a market capitalisation of £4,930.86 million.
Image Source-EODHD/Others
For the year ended 31 March 2021, the company reported €576 million of loss , while it had posted a profit of €281 million in the last year. 73.2 per cent drop in revenue to €739 million was reported by the company as compared to €2,761 million a year ago.
EasyJet Plc (LON: EZJ)
The shares of the airline company were trading at GBX 943, down 1.61 per cent as on 14 June at 08:26 GMT+1, with a market capitalisation of £4,377.49 million.
Image Source-EODHD/Others
For the half-year ended 31 March 2021, passenger numbers decreased by 89.4 per cent to 4.1 million compared to 38.6 million in the same period a year ago. Total revenue fell by 90 per cent to £240 million compared to £2,382 million a year ago. Passenger revenue fell by 91 per cent to £170 million. Its reported loss before tax increased to £645 million compared to a loss of £353 million a year ago.
Jet2 Plc (LON:JET2)
The shares were trading at GBX 1265, down 1.09 per cent on 14 June at 08:37 GMT+1 with a market capitalisation of £2,744.24 million.
Image Source-EODHD/Others
For FY21, it reported a group loss in the range of £375 million to £385 million compared to a profit of £264.2 million. For FY22, the group said that the impact and period of the travel restrictions for summer would be difficult to predict because of the continuous uncertainty, the company extended the suspension of its holidays and flights till 23 June from 17 May, and it expects more clarity by then.
Ryanair Holdings Plc (LON: RYA)
The shares of the company were trading at EUR 16.47, down 0.72 per cent on 14 June at 08:43 GMT+1, with a market capitalisation of £15,871.54 million.
Image Source-EODHD/Others
For FY21, the company reported a full year loss of €815million compared to a profit €1,002 million a year ago. Air traffic for FY21 fell 81 per cent to 27.5 million from 149 million due to Covid-19 restrictions. Revenue fell 81 per cent to €1.64 billion compared to €8.49 billion.
