FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

MNI: JAPAN JUNE EXPORTS +5.4% Y/Y; MAY +13.5%

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Airlines Weekly

CONSUMER CYCLICALS
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • Most of the action comes next week on Lufthansa & Air-France earnings. We already noted out scepticism on further compression and/or positive rating action for the network carriers but markets have ignored that and reversed some of the sell-off from Lufthansa’s profit warning last week.
  • Only mover this week was Wizz Air 26s (Ba1, NR, BBB+) – it preceded the unscheduled trading update yesterday that was taken as positive after it firmed up FY guidance to bottom of its original range but above analyst consensus. We got broad strokes on BS that included intention to continue deleveraging. It brings FY23 results (ending march) late next month.
  • Recap on name views from this week; https://marketnews.com/air-france-klm-nr-bb-bbb-air-fp-equity

123 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Most of the action comes next week on Lufthansa & Air-France earnings. We already noted out scepticism on further compression and/or positive rating action for the network carriers but markets have ignored that and reversed some of the sell-off from Lufthansa’s profit warning last week.
  • Only mover this week was Wizz Air 26s (Ba1, NR, BBB+) – it preceded the unscheduled trading update yesterday that was taken as positive after it firmed up FY guidance to bottom of its original range but above analyst consensus. We got broad strokes on BS that included intention to continue deleveraging. It brings FY23 results (ending march) late next month.
  • Recap on name views from this week; https://marketnews.com/air-france-klm-nr-bb-bbb-air-fp-equity