Profitable volume growth is available for Ryanair and EasyJet, though short-term returns may not match those of legacy markets, Deutsche Bank said in a briefing note today.
The bank reiterated buy ratings on Europe’s two main low-cost carriers. It sees Scandinavia and France as the next “sizeable” target markets for both Ryanair and Easyjet. This, despite the growth of rival low cost carrier Norwegian in Scandinavia and the legal and employment issues faced by low-cost...
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