Analysts at Liberum described it as a “critical risk”. President Trump’s widespread ban on travel between Europe and the US in an attempt to stem the spread of coronavirus represents a serious threat to the financial health of the region’s airlines, they said.
While they maintained their conviction that there are long-term opportunities for airline travel operators across the continent, the team at Liberum yesterday put all their airline recommendations and target prices under review.
Among them are IAG, owner of British Airways, and Easyjet and Ryanair, the two budget operators, whose shares Liberum previously rated a respective “buy”, “hold” and “buy”. While the US government’s ban is in place for the next 30 days, Gerald Khoo, analyst at Liberum, said that he expected air
