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International Consolidated Airlines Group SA (LSE:IAG) and Wizz Air Holdings PLC (AIM:WIZZ) are at the sharp end of a deeply divided market, according to new positioning data published by Citi. Shares in the British Airways parent climbed 1.47% to 448.4p on Wednesday, while the budget airline gained 1.84% to 1,105p, despite the broker highlighting increasingly debated investor sentiment across the European aviation…

British Airways owner International Consolidated Airlines Group SA (LSE:IAG), Intercontinental Hotels Group PLC (LSE:IHG) and Wizz Air Holdings PLC (AIM:WIZZ) shares rose on Monday as hopes of a diplomatic breakthrough between the US and Iran sent oil prices sharply lower and improved sentiment towards travel companies. US President Donald Trump said he had cancelled planned strikes against Iran after appeals from…

Wizz Air Holdings PLC (AIM:WIZZ) faces a slower earnings recovery than the almost "hockey stick" that investors expect, leading RBC Capital Markets to downgrade the budget airline. Moving to an 'underperform' rating from 'sector perform', the investment bank kept its £9 share price target, implying about 20% downside from the last close, arguing that the market is pricing in a much stronger rebound in profits than…

Investors have continued to unwind bearish bets against European airlines over the past month, according to Citi. The bank published fresh positioning data, drawn from its quantitative team, showing how investors are betting on the sector.

Wizz Air LON: WIZZ reported a return to pre-tax profitability and said it expects market disruption later in the year to create opportunities for the low-cost carrier, even as it continues to manage engine-related aircraft groundings and a reshaped network.