"The airline industry's recovery is not affected"
Posted by admin | Under Uncategorized, features, opinions, people, special Monday Apr 26, 2010More fear than harm. The Icelandic volcano spits ash and under no threat the European sky. The deadweight losses resulting from the disaster are expected to amount to 1.7 billion euros for the airlines, but "the recovery of the airline industry is not in question, according to analysts at Natixis.
There is good news since early March for the sector, with monthly data that highlight improvements in traffic and unit revenue. In addition, IATA (International Air Transport Association) has recently raised its earnings estimates for companies in 2010.
Although the relief is a priority for Asian companies and South America through a more dynamic economic environment, but companies in Europe and North America are also expected to rebound, "but more gradual.
Air France-KLM on the upslope
Natixis Securities is confident for the Franco-Dutch airline AIR FRANCE-KLM: the good news will continue, as the broker, which emphasizes the positive trend registered "throughout the fourth quarter of 2009/2010, with an increase in traffic March, which is one of their busiest months of the year. "The increase – the first 15 months – the number of passengers was thus elevated to 4.7% and load factor improved by 5 percentage points to 80.5% Guaranteed fast personal loans.
The unit revenues are also up compared to 2009 but are still lower compared to 2008.
The analysis bureau raised its price target on the value of 13 to 14.5 euros, explaining that such enthusiasm on the titles for the upcoming IPO of Amadeus, April 29 in Madrid. The travel booking company expected to raise between 1.25 and 1.36 billion euros to reduce its debt.This will be the most important introduction of European market since the beginning of the year.
Finally, the ash cloud, which should be operational in losing about 150 million euros in Air France-KLM estimated by Natixis, does not alter the optimism of the broker or investor: the Air France-KLM shares climb 1.63% on Monday to 10 hours and rate 12.45 euros. A similar level to that recorded at the beginning of the closure of major airports in northern Europe because of the cloud.
British Airways shares soar 2.6% at 239.8 pence on the London Stock Exchange.
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