<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2020/06/114869871_s-740x416.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2020/06/114869871_s-740x416.jpg"/></p>
<p>国际航空集团 (LON: IAG) 和易捷航空 (LON: EZJ) 的股价在 2023 年表现良好，因为航空业的复苏持续进行。易捷航空的股价今年上涨超过 50%，而国际航空集团的股价上涨不到 20%。其他航空公司股票如瑞安航空和威兹航空也有所反弹。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-vs-easyjet-1024x487.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-vs-easyjet-1024x487.png"/></p>
<p>国际航空集团与易捷航空股价对比</p>
<h2>易捷航空与国际航空集团</h2>
<p>在 11 月，我写了一篇文章比较了易捷航空和英国航空母公司国际航空集团。在那篇文章中，我得出结论，易捷航空是更好的投资，因为它在区域航空市场拥有强大的市场份额和稳健的资产负债表。</p>
<p>我还认为，易捷航空比国际航空集团更精简，后者在英国和西班牙运营。国际航空集团还拥有多个品牌，如伊比利亚航空、英国航空、爱尔兰航空和伊比利亚快运。在大多数情况下，独立运营的企业通常比作为一个综合体更好。这也解释了阿里巴巴为何在 3 月决定将其业务分拆为六个独立实体。</p>
<p>易捷航空的股价表现良好，因为它专注于休闲市场，而该市场的复苏速度快于商务市场。国际航空集团受到商务旅行复苏缓慢的影响，因为中国在 2022 年仍处于封锁状态。</p>
<p>此外，与国际航空集团超过 100 亿英镑的净债务不同，易捷航空在行业中拥有最干净的资产负债表之一。它的净债务仅为 7 亿英镑。其现金和短期投资约为 36 亿英镑，略低于其总市值 38.3 亿英镑。在一份报告中，Interactive Investor 的分析师表示：</p>
<blockquote>
<p>“国际航空集团在疫情严重影响收入并迫使集团进行大量借款后，面临修复其资产负债表的重大任务。”</p>
</blockquote>
<p>国际航空集团面临的另一个挑战是，商务和国际商务竞争日益激烈，因为像阿联酋航空这样的公司正在提升其市场份额。最近，沙特阿拉伯宣布将推出一家新航空公司提供相关服务。因此，我怀疑英国航空在未来几年将失去市场份额。</p>
<h2>易捷航空仍然是更好的投资</h2>
<p>国际航空集团在 2022 年表现强劲，恢复了盈利。其全年税后利润为 4.31 亿英镑，而易捷航空的税前亏损为 1.78 亿英镑。国际航空集团预计在今年第一季度将亏损约 2 亿英镑，然后在下半年恢复盈利。它预计运营利润将在 18 亿到 28 亿欧元之间。</p>
<p>我仍然偏好易捷航空的主要原因是其估值以及其强大的资产负债表。如前所述，其市值约为 38 亿英镑，略高于其手头现金。最重要的是，国际航空集团在该地区的区域航空市场中市场份额正在增长。</p>
<h2>易捷航空股价预测</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/easyjet-share-price-1024x487.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/easyjet-share-price-1024x487.png"/></p>
<p>易捷航空股价走势图</p>
<p>日线图显示，EZJ 股票价格在过去几个月一直处于狭窄区间。在此期间，它一直难以突破 520 便士的关键阻力位，这是年内最高点。这个价格也略高于 50% 的斐波那契回撤水平。</p>
<p>该股票还受到 50 日和 100 日移动平均线的支撑。因此，易捷航空的股票可能会出现看涨突破，因为买家将目标锁定在 632 便士，即 78.6% 的回撤水平。如果股价突破 520 便士，这一观点将得到确认。</p>
<h2>国际航空集团股价预测</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-share-price-1024x487.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-share-price-1024x487.png"/></p>
<p>国际航空集团股价走势图</p>
<p>日线图显示，国际航空集团的股票价格在 2 月份达到 173.65 便士的高点，然后回落至 127.85 便士。现在它正在尝试反弹，并徘徊在 25 日和 50 日移动平均线附近。该股票似乎正在形成双顶形态，这意味着它可能会上涨至 173.65 便士。</p>
<p>文章《国际航空集团与易捷航空股票：EZJ 仍然是更好的投资吗？》首发于 Invezz</p>

<p>IAG 和 EasyJet 的股价在 2023 年表现良好，EasyJet 的股价上涨超过 50%，而 IAG 的股价上涨不到 20%。由于 EasyJet 拥有强大的市场份额、精简的组织结构和更为健康的资产负债表，因此被认为是更好的投资。EasyJet 对休闲市场的关注推动了其复苏，而 IAG 则面临着巨额债务和竞争激烈的商务旅行市场的挑战。预计 EasyJet 的股票将会上涨，而 IAG 的股票可能形成双顶形态，并上涨至 173.65 便士</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2020/06/114869871_s-740x416.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2020/06/114869871_s-740x416.jpg"/></p>
<p>IAG (LON: IAG) and EasyJet (LON: EZJ) share prices have done well in 2023 as the aviation industry recovery continued. EasyJet shares have jumped by over 50% this year while IAG has jumped by less than 20%. Other airline stocks like Ryanair and Wizz Air have also bounced back.</p>
<div class="lb-trans"><p>国际航空集团 (LON: IAG) 和易捷航空 (LON: EZJ) 的股价在 2023 年表现良好，因为航空业的复苏持续进行。易捷航空的股价今年上涨超过 50%，而国际航空集团的股价上涨不到 20%。其他航空公司股票如瑞安航空和威兹航空也有所反弹。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-vs-easyjet-1024x487.png" alt="" original-src="https://invezz.com/wp-content/uploads/2023/04/iag-vs-easyjet-1024x487.png"/></p>
<p>IAG vs EasyJet share prices</p>
<div class="lb-trans"><p>国际航空集团与易捷航空股价对比</p>
</div><h2>EasyJet vs IAG</h2>
<div class="lb-trans"><h2>易捷航空与国际航空集团</h2>
</div><p>In November, I wrote an article that compared EasyJet and British Airways parent, IAG. In that article, I concluded that EasyJet was a better investment, thanks to its strong market share in the regional aviation market and its strong balance sheet.</p>
<div class="lb-trans"><p>在 11 月，我写了一篇文章比较了易捷航空和英国航空母公司国际航空集团。在那篇文章中，我得出结论，易捷航空是更好的投资，因为它在区域航空市场拥有强大的市场份额和稳健的资产负债表。</p>
</div><p>I also argued that EasyJet was a leaner organisation than IAG, which operates in the UK and Spain. IAG also owns several brands like Iberia, British Airways, Aer Lingus, and Iberia Express. In most periods, operating standalone businesses is usually better than being a conglomerate. This explains why Alibaba decided to separate its business into six separate entities in March.</p>
<div class="lb-trans"><p>我还认为，易捷航空比国际航空集团更精简，后者在英国和西班牙运营。国际航空集团还拥有多个品牌，如伊比利亚航空、英国航空、爱尔兰航空和伊比利亚快运。在大多数情况下，独立运营的企业通常比作为一个综合体更好。这也解释了阿里巴巴为何在 3 月决定将其业务分拆为六个独立实体。</p>
</div><p>EasyJet share price did well because of its focus on the leisure market, which had a faster recovery than the business market. IAG was hit by a slower recovery of business travel as China remained in a lockdown in 2022.</p>
<div class="lb-trans"><p>易捷航空的股价表现良好，因为它专注于休闲市场，而该市场的复苏速度快于商务市场。国际航空集团受到商务旅行复苏缓慢的影响，因为中国在 2022 年仍处于封锁状态。</p>
</div><p>Also, unlike IAG, which has a net debt of over £10 billion, EasyJet has one of the cleanest balance sheets in the industry. It has a net debt of just £0.7 billion. Its cash and short-term investments are about £3.6 billion, which is slightly lower than its total market cap of £3.83 billion. In a note, an analyst at Interactive Investor said:</p>
<div class="lb-trans"><p>此外，与国际航空集团超过 100 亿英镑的净债务不同，易捷航空在行业中拥有最干净的资产负债表之一。它的净债务仅为 7 亿英镑。其现金和短期投资约为 36 亿英镑，略低于其总市值 38.3 亿英镑。在一份报告中，Interactive Investor 的分析师表示：</p>
</div><blockquote>
<p>“IAG has a major task in repairing its balance sheet after the pandemic tore through revenues and forced the group into substantial borrowings.”</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>“国际航空集团在疫情严重影响收入并迫使集团进行大量借款后，面临修复其资产负债表的重大任务。”</p>
</blockquote>
</div><p>Another challenge for IAG is that business and intercontinental business is getting more competitive as companies like Emirates boost their market share. Recently, Saudi Arabia announced that it will launch a new airline to offer the services. As such, I suspect that British Airways will lose its market share in the coming years.</p>
<div class="lb-trans"><p>国际航空集团面临的另一个挑战是，商务和国际商务竞争日益激烈，因为像阿联酋航空这样的公司正在提升其市场份额。最近，沙特阿拉伯宣布将推出一家新航空公司提供相关服务。因此，我怀疑英国航空在未来几年将失去市场份额。</p>
</div><h2>EasyJet is still a better investment</h2>
<div class="lb-trans"><h2>易捷航空仍然是更好的投资</h2>
</div><p>IAG had a strong performance in 2022 as it returned to profitability. Its full-year profit after tax came in at £431 million while EasyJet’s loss before tax was £178 million. IAG believes that it will lose about £200 million in the first quarter of the year before returning to profitability in the final half of the year. It expects that its operating profit will be between 1.8 billion and 2.8 billion euros.</p>
<div class="lb-trans"><p>国际航空集团在 2022 年表现强劲，恢复了盈利。其全年税后利润为 4.31 亿英镑，而易捷航空的税前亏损为 1.78 亿英镑。国际航空集团预计在今年第一季度将亏损约 2 亿英镑，然后在下半年恢复盈利。它预计运营利润将在 18 亿到 28 亿欧元之间。</p>
</div><p>The main reason why I still prefer EasyJet is its valuation and the fact that it has a strong balance sheet. As mentioned, its market cap of about £3.8 billion is slightly above that of its cash on hand. Most importantly, IAG has a growing market share in the regional aviation industry in the region,</p>
<div class="lb-trans"><p>我仍然偏好易捷航空的主要原因是其估值以及其强大的资产负债表。如前所述，其市值约为 38 亿英镑，略高于其手头现金。最重要的是，国际航空集团在该地区的区域航空市场中市场份额正在增长。</p>
</div><h2>EasyJet share price forecast</h2>
<div class="lb-trans"><h2>易捷航空股价预测</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/easyjet-share-price-1024x487.png" alt="" original-src="https://invezz.com/wp-content/uploads/2023/04/easyjet-share-price-1024x487.png"/></p>
<p>EasyJet share price chart</p>
<div class="lb-trans"><p>易捷航空股价走势图</p>
</div><p>The daily chart shows that the EZJ stock price has been in a tight range in the past few months. In this period, it has struggled to move above the key resistance at 520p, the year-to-date high. This price is also slightly above the 50% Fibonacci Retracement level.</p>
<div class="lb-trans"><p>日线图显示，EZJ 股票价格在过去几个月一直处于狭窄区间。在此期间，它一直难以突破 520 便士的关键阻力位，这是年内最高点。这个价格也略高于 50% 的斐波那契回撤水平。</p>
</div><p>The stock is also being supported by the 50-day and 100-day moving averages. Therefore, EasyJet shares will likely have a bullish breakout as buyers target the next level at 632p, the 78.6% retracement level. This view will be confirmed if it moves above 520p.</p>
<div class="lb-trans"><p>该股票还受到 50 日和 100 日移动平均线的支撑。因此，易捷航空的股票可能会出现看涨突破，因为买家将目标锁定在 632 便士，即 78.6% 的回撤水平。如果股价突破 520 便士，这一观点将得到确认。</p>
</div><h2>IAG share price forecast</h2>
<div class="lb-trans"><h2>国际航空集团股价预测</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/04/iag-share-price-1024x487.png" alt="" original-src="https://invezz.com/wp-content/uploads/2023/04/iag-share-price-1024x487.png"/></p>
<p>IAG share price chart</p>
<div class="lb-trans"><p>国际航空集团股价走势图</p>
</div><p>The daily chart shows that the IAG stock price peaked at 173.65p in February and then pulled back to 127.85p. It is now attempting to bounce back and is hovering at the 25-day and 50-day moving averages. The stock seems to be in the process of forming a double-top pattern, meaning that it will likely rise to 173.65p.</p>
<div class="lb-trans"><p>日线图显示，国际航空集团的股票价格在 2 月份达到 173.65 便士的高点，然后回落至 127.85 便士。现在它正在尝试反弹，并徘徊在 25 日和 50 日移动平均线附近。该股票似乎正在形成双顶形态，这意味着它可能会上涨至 173.65 便士。</p>
</div><p>The post IAG vs EasyJet stocks: Is EZJ still the better investment? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《国际航空集团与易捷航空股票：EZJ 仍然是更好的投资吗？》首发于 Invezz</p>
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IAG 与 EasyJet 股票对比：EasyJet 仍然是更好的投资选择吗？