1507 GMT - Stronger balance sheets should translate to further shareholder returns for several European airlines, Bank of America analysts say in a research note. International Consolidated Airlines, which declared an interim dividend in 1H and a share buyback of 350 million euros, could disclose another buyback when it reports its 4Q results, the analysts say. They add that they anticipate a 25% payout by German peer Lufthansa for 2024 and 2025. Meanwhile, easyJet is forecast to give a 15.5 pence a share dividend for fiscal 2025, up from 12.1 pence for fiscal 2024, the analysts say. Ryanair is expected to have a net cash position at the end of fiscal 2025 that should support further cash returns for investors in fiscal 2026. "We do not anticipate shareholder returns at Air France KLM and Wizz in 2025," the analysts say. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 10:07 ET (15:07 GMT)
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