E
ASYJET seems to be better equipped than most of the legacy airlines when it comes to weathering the next few months.
First of all, the carrier's £700m net debt is one of the lowest in aviation while cash and money market deposits amount to £3.6bn.
Secondly, the low-cost airline is expecting strong demand for peak periods such as Christmas, with ticket yields up 18 per cent, as well as the winter ski season.
"We do see in general that people gravitate towards value, which clearly is going to benefit us," chief executive
Nevertheless,
Ryanair's boss
The two rivals may well try to one up each other, offering the lowest fares possible. How they will manage with soaring energy prices is another story.
(c) 2022 City A.M., source