Ready for Take-Off: An Outlook for European Airline Companies Post-Covid-19

Join Joachim Kotze, Morningstar’s European Aerospace and Defense Analyst, as he discusses the outlook for the European airline industry in a post-Covid world. Joachim will delve into the impact that Covid-induced travel restrictions has had on the sector, followed by an outlook for the short-term recovery and longer-term prospects. He will also contrast the business models and divergent prospects for legacy network carriers compared to the low-cost carriers and share his best ideas. Morningstar believes that low-cost carriers will continue to take market share from legacy carriers on intra-European routes, with Wizz Air offering the most attractive growth outlook. In the webinar, Joachim will share his views on: • Pre-Covid trends in the airline sector • The impact of Covid on industry balance sheets and business models • A temperature check of where the industry is in the recovery process • A comparison between the outlook for legacy carriers versus low-cost carriers • Our top picks in the industry This information does not constitute investment, legal, tax or other advice and is supplied for information purposes only. Reference to any specific security is not a recommendation to buy or sell that security. The information, data, analyses, and opinions presented herein are provided as of the date written and are subject to change without notice. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or losses resulting from, or related to, the information, data, analyses or opinions or their use.