1438 GMT - Ryanair and easyJet should see earnings growth this year, driven by continued demand for travel in Europe paired with higher capacity and lower fuel costs, Bank of America analysts say in a research note. The analysts maintain a buy rating on the companies as both trade below their long-term average price-to-earnings ratio. Limited visibility on Air France-KLM and Lufthansa's turnaround plans, meanwhile, mean BofA maintains its underperform rating on the two companies, even if the analysts expect earnings to recovery this year. Ryanair shares trade up 0.8% at 18.77 euros, while easyJet shares trade down 0.5% at 532.40 pence. Air France-KLM shares trade 1.4% higher to 7.78 euros and Lufthansa shares trade 0.5% higher to 5.95 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 09:38 ET (14:38 GMT)
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