Europe Travel, Leisure Stocks Rebound

The transcript discusses the short-term challenges faced by Ryanair due to low vaccination rates and the need for reopening. It compares Ryanair with competitors like Wizz and EasyJet, highlighting their cost bases and balance sheets. The impact of Boeing Max orders on Ryanair's cost efficiency is analyzed, along with concerns about industry shrinkage affecting airlines. Finally, the financial stability of airlines and potential equity issuance are discussed, with a focus on Ryanair, Wizz, and EasyJet.

What impact do the new aircraft models, like the Max, have on Ryanair's operations?

How does the capacity of airlines compare to that of hotels in terms of flexibility?

What is the core strategy for airlines to remain competitive in the market?