Fitch Ratings highlights gap between strong and weak airlines

Recent financial results from key European airlines support our view of a growing disparity in their performances, Fitch Ratings says. In its latest findings, Fitch Ratings has found that the gap between strong and weak airlines was already pronounced, but now even the larger companies are diverging amid an increasingly challenging market environment.  Wizz Air posted the strongest performance among its peers’ with its operating profit rising 25% in the first quarter of 2019, while Lufthansa’s and Air France-KLM’s operating profit dropped by more than 50% in the first half of 2019.  Fitch forecasts full-year EBIT to remain flat or