Monarch's Collapse Boosts Rivals' Share Prices

Surge in easyJet, Ryanair and IAG shares is a sign of how much pressure the airline industry is under

James Gard 2 October, 2017 | 4:30PM

Monarch Airlines plane

The collapse of budget carrier Monarch Airlines over the weekend has provided a boost to listed rivals on Monday morning, which gives an insight into the ruthlessly competitive nature of an industry under extreme pressure.

Luton-based budget rival easyJet (EZJ) was the biggest riser on the FTSE 100 on Monday, rising nearly 5% to £12.74. The company’s shares hit a post-referendum low of just under 900p amid concerns over the currency impact of Brexit and the hit to British tourists visiting its key European routes.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
easyJet PLC507.20 GBX2.84
International Consolidated Airlines Group SA163.85 GBX-0.55
Ryanair Holdings PLC10.86 EUR3.28

About Author

James Gard  is content editor for Morningstar.co.uk

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