US EditionAirlines and Airports: Rising Despite Uncertainty; IAG and Ferrovial, Preferences in Both Sectors
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Airlines and airports: rising despite uncertainty; IAG and Ferrovial, preferences in both sectors
The Corner Deutsche Bank | Since the publication of our latest transport leading indicators on 27 June, airlines (up 4%) and airport and infrastructure companies (up 2%) have slightly outperformed the market average (STOXX 600 +1%), despite higher oil prices (jet fuel rose 8% to $762/mt), continued uncertainty over tariffs and geopolitics, and some mediocre PMI data. Two of the French names we cover have been the most profitable within their sub…
Deutsche Bank Market Consensus Since the publication of our last advanced transport indicators on June 27, airlines (+4%) and airport and infrastructure companies (+2%) have slightly exceeded the average market (STOXX 600+1%), despite the rise in the price of oil (aircraft fuel has risen 8% to $762/mt), the continued uncertainty about tariffs and geopolitics and some mediocre data from the PMIs. Two of the French names [...]
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