easyJet

Trading broadly in line with expectations

  • Sectors : Airlines
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 1162p

  • RATING 20/06/18

  • PREVIOUS RATING 12/12/17

    OUTPERFORM

DAVY VIEW

EasyJet has delivered a broadly in-line trading statement with Easter/IFRS 15 changes pointing to a weaker H1 and stronger H2 (£100m swing). However, there is also a pointer to a more competitive market in Berlin, where it now expects a loss in FY19. easyJet’s expectations for the full year are broadly in-line with current market expectations (c.£580m PBT; Davy £551.2m). Conference call at 08:30: +44 2030379491; password: EasyJet.

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Jan 22 2019, 08:10 GMT

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