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UK-quoted airlines: who’s flying, who’s grounded?

Now that the latest round of figures from the airlines is out, it’s clear that Ryanair is stuck on the tarmac while easyJet and International Consolidated Air (IAG) are airborne.

A glance at the performance of these three stocks since the beginning of November paints a clear picture of how the markets have reacted to the companies’ latest reported figures.

easyJet has seen its share jump 1314p to the current price of 1442p – a 9.74% increase. IAG’s shares have traded from 348p up to the current level of 374p, increasing 7.47%. This is in contrast to Ryanair, which started the month at a price of 606p and then dropped to 582p, declining by 3.96%.

These figures have prompted the stockbroker Jefferies to change its price targets for the three airlines. easyJet rises from 1470p to 1620p; IAG goes up from 355p to 410p, and Ryanair drops from €8.30 to €7.50.

The figures clearly reflect the capital returns that the three airlines have given their investors. However, the real bonus has come to those holding easyJet shares. Not only have they retained the 2.38% dividend yield that the stock was offering, but on top of that they will benefit from the £175 million that will be passed back to shareholders in the form of a one-off special dividend.

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