easyJet

Keeping cost and revenue guidance; Peter Bellew to join as COO

  • Sectors : Airlines & Other Transport
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 1035p

  • RATING 20/06/18

  • PREVIOUS RATING 12/12/17

    OUTPERFORM

DAVY VIEW

There was a solid Q3 performance from easyJet with guidance for the year unchanged (unit revenue “slightly” down and units costs ex-fuel were down. FY 2019 PBT estimates of £400-440m are in the market range (estimates: £423m, Davy: £414m). The other news was the announcement that Peter Bellew will be joining as Chief Operating Officer (COO). There is a call at 08:00 — +44 203003 2666, password: easyJet.

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Jul 18 2019, 07:40 IST/BST

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