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Stock impact report

IAG, easyJet and Ryanair; which European airlines are investors selling as Iran burns? [Yahoo! Finance]

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY) 
US:NASDAQ Investor Relations: investor.ryanair.com
Company Research Source: Yahoo! Finance
Investors have been repositioning sharply across European airline stocks since the outbreak of Middle East hostilities, with Ryanair Holdings PLC (LSE:RYA) emerging as the clear defensive favourite while short positions have built against carriers more vulnerable to elevated fuel prices. This is Citi's analysis of positioning data from institutional investors, with the analysis showing that sector positioning has turned more negative over both the past week and month. Investors have increased short exposure in Wizz Air Holdings PLC (AIM:WIZZ) easyJet PLC (LSE:EZJ) and Air France-KLM, which Citi characterises as the most operationally and financially leveraged carriers and therefore most exposed to sustained fuel price pressure. British Airways owner International Consolidated Airlines Group SA (LSE:IAG) has also seen a shift, with long positioning that had been particularly heavy now moving to a more balanced level as investors take profits or hedge against further volatility. Show less Read more
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