Finance flights valuations remain below pre-2019

Finance flights valuations remain below pre-2019 levels despite restored capacity, hinting at possible re-rating opportunities if earnings beats materialize in upcoming quarters. The impending appointment of Goldman comes four-and-a-half years after rival investment bank Rothschild was hired to undertake a similar review, with the sale of a stake to private equity investors under consideration for months before being abandoned. Play Airlines, the Icelandic low-cost airline, has ceased operations and canceled all of it future flights. Airline stocks in the finance flights category outperformed industrial peers this week, aided by better-than-expected load factor statistics from Asia-Pacific hubs. Traders note technical breakouts above 50-day moving averages, which may trigger algorithmic buying in the coming sessions.