Analysts at Exane like what they've seen from easyJet's new chief executive so far, noting that while it was still uncomfortable with the lack of a cost story, things had changed for the better.
Budget airline easyJet said May passenger numbers rose 3.7% year-on-year to 7.5m.
The International Air Transport Association (IATA) cut its forecast for airlines' profits on the back of rising labour and interest rate costs, but predicted a ninth consecutive year of solid financial returns for the industry.
Analysts at Berenberg downgraded their recommendation for shares of defence contractor Qinetiq to 'hold' on Friday, saying its most recent set of results demonstrated that continued progress had been made under its chief executive's strategy and its shares were now "fully valued".
Following a series of positive short-haul industry developments, analysts at Morgan Stanley turned their eyes to Ryanair and easyJet on Friday and highlighted several opportunistic expansion and pricing tailwinds that could appear at both firm's through 2020.
Forterra: Citigroup downgrades to neutral with a target price of 350p.
Centrica: Morgan Stanley downgrades to underweight with a target price of 115p.
Indivior: Citigroup downgrades to neutral with a target price of 500p.
Losses at budget airline EasyJet narrowed in the first half as revenues surged nearly 20% to over £2bn for the first time, with the company benefiting from the collapse of Monarch and Air Berlin and troubles at Ryanair.
EasyJet's passenger numbers once again flew higher in April, with the company reporting a total of 7,452,647 customers in its seats during the month on Friday - a 4.7% improvement on the same period last year.
British Airways owner IAG has acquired 4.6% of Norwegian Air Shuttle and said it would use this position to initiate talks about a possible takeover bid
Budget airline EasyJet said late on Tuesday that it had submitted a revised expression of interest for a restructured Alitalia as part of a consortium.
Passenger numbers were higher at easyJet in March, despite the effect of the 'Beast from the East', with 6.55 million passengers during the month when compared to the same time last year.
London's FTSE 100 was lifted by financials and commodity stocks on Friday, with the index up 0.62% to 7,183.99.
Passenger numbers on easyJet ascended further in February, with the airline reporting a 4% improvement year-on-year in the total number of passengers flown during the month on Tuesday, to 5.55 million.
Budget airline EasyJet reported an 8.7% jump in January traffic on Tuesday as the load factor ticked up.
The chief executive of EasyJet, Johan Lundgren, will take a voluntary pay cut to match that of his predecessor as the budget airline highlights its commitment to equal pay and equal opportunity for women and men.
Countrywide: Berenberg upgrades to hold with a target price of 95p.
Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
Credit Suisse upped its target price on shares of Easyjet following the budget carrier's first quarter update, while RBC Capital Markets upgraded its rating on the belief that London will see a shift away from reliance on Heathrow airport in coming years.