Bank raises Ryanair, Easyjet

RYANAIR, Easyjet and Air Berlin were raised by Royal Bank of Scotland (RBS) analysts yesterday, with the bank seeing less downside risk to low cost carrier revenues than network airlines.

RBS said long haul premium travel, which has held up so far, should finally fall, especially following the crisis in the financial markets.

It said network carriers are likely to face pressure to remove fuel surcharges, while low cost carriers can continue to apply bag charges.