easyJet

Strong performance delivering a record Q3 PBT

  • Sectors : Airlines
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 495p

  • RATING 24/01/22

  • PREVIOUS RATING 14/07/21

    NEUTRAL

DAVY VIEW

easyJet reported a record headline profit before tax (PBT) of £203m for Q3, 25% ahead of consensus of £162m. Q4 revenue per seat (RPS) is guided +10% year-on-year (yoy), and the outlook into next year is positive with booking momentum expected to continue. easyJet Holidays expects to deliver £100m+ PBT in FY23, +25% versus previous guidance.

Download full report with analyst certification and important disclosures

Jul 20 2023, 08:35 IST/BST

Download