It's been a bruising time for airlines as the coronavirus pandemic brought travel to a halt. But now, low-cost carriers seem to be showing signs of recovery.
Laura Hoy, equity analyst at Hargreaves Lansdown, said that low-cost airlines benefit from being focused on short-haul flights. These are proving to be more attractive to consumers given ongoing travel restrictions and uncertainty over the pandemic.
On the other hand, IAG is down 2.6% year-to-date and Lufthansa shares are also lower by 19.7% over that period."You are going to see the likes of easyJet able to take up more opportunities. That means potentially getting more slots, but also moving their fleet around more quickly in order to take advantage of where demand is," Charles from The PC Agency also said.
"The aid got them through a bad time," Hoy said, but it didn't support their growth. The financial help came with a lot of conditions attached, including restrictions to dividend payouts, she added.
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