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easyJet plc (OTCMKTS:ESYJY - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $5.98 and traded as low as $4.61. easyJet shares last traded at $4.80, with a volume of 19,585 shares. Analyst Ratings Changes A number of

European airline chiefs are meeting in Brussels on Thursday under the cloud of war in the Middle East and rising oil ​prices, looking to push back against the EU's green agenda and what the industry says are cumbersome rules surrounding ‌sustainable jet fuel.

Airline companies across Europe, including International Consolidated Airlines Group SA (LSE:IAG) and easyJet PLC (LSE:EZJ) in London, flew higher on Wednesday morning as investors continued to react to the back and forth of the Middle East conflict.  Oil prices had softened but only very moderately, after a deal made by Iraq to transport oil across Turkey and avoid having to use the Strait of Hormuz.

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…

Wizz Air Holdings PLC's aggressive expansion is raising fresh concerns about overcapacity across western Europe's short-haul market, according to Citi, which says the low-cost carrier is adding seats at a pace far above rivals. Such rapid expansion risks putting pressure on fares and margins across the sector if demand fails to keep pace, analysts at the investment bank said.