Europe’s airline stocks fail to get a peak season boost

All eyes are now on the major European carriers reporting earnings this month. Ryanair will be the first to release results for the first quarter

Ryanair CEO Michael O’Leary has said price increases may moderate as memories of covid lockdowns fade and travel demand normalizes. Picture: Larry Cummins

The high season for summer travel has been abysmal for European airline shares so far.

Air France-KLM and Norwegian Air Shuttle ASA both gave investors warnings this week about business conditions ahead that suggest the industry will continue to face tough times. Strikes, high costs and issues with aircraft deliveries have also plagued Europe’s carriers.