0730 GMT - Ryanair and British Airways owner IAG would likely perform better than their peers if fuel prices fall, but also if the earnings environment deteriorates further, Bernstein says in a note. In the latter scenario, Ryanair and IAG's competitors would be forced to cut capacity first, the analysts say. Bernstein raises its rating on Ryanair to outperform from market perform, citing its high margins and strong balance sheets. Meanwhile, it downgrades ratings on both easyJet and Wizz Air to market perform from outperform due to uncertainty over fuel prices. Wizz Air falls 6.7%, easyJet retreats 3.9%, Ryanair is down 2.7%, and IAG loses 2.6%. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

April 13, 2026 03:30 ET (07:30 GMT)

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