European airlines have been facing their fair share of headwinds including Brexit, Boeing 737 Max delays and oil prices. Ryanair Holdings CEO Michael O’Leary has been consistent in his outlook that the airline industry is going to face further consolidation while unprofitable airlines will go into bankruptcy. “I think inexorably the market is moving towards consolidation. The bankruptcy of Thomas Cook was the latest … we clearly think the next failure will be that of Norwegian.” Looking at StarMine quantitative models and analytics, a challenging picture is painted for low-cost carrier Norwegian Air Shuttle: a secular decline in stock price

FTSE Russell will announce its December 2019 quarterly review this week, which will see both new constituents added to and removed from the FTSE 100 index. Rules for inclusion and exclusion are based on market cap size, relative positioning among other criteria. Looking at market cap information from both the FTSE 100 and FTSE 250, Exhibit 1 predicts the constituents who are likely to join and leave the FTSE 100 index. Based solely on market cap, possible additions to the index include easyJet, Just Eat, and GVC Holdings, while Hiscox, Fresnillo, and Kingfisher are likely to exit. Exhibit 1: Market

Air travel has become as commonplace as taking a bus. Dublin-based Ryanair Holdings plc (RYA.I) runs a no-frills airline, catering to consumers who are just looking to get to their destination for a low price.