Narrower winter losses; summer revenues looking strong

  • Sectors : Airlines
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 508p

  • RATING 24/01/22

  • PREVIOUS RATING 14/07/21



easyJet expects the H1 loss to reduce year-on-year (yoy) despite a c.£40m direct impact from the Middle East conflict, Q2 revenue per share (RPS) to be up by mid-single-digits and H1 cost per seat (CPS) ex-fuel to be broadly flat yoy. Summer guidance looks strong also, with turn of year bookings showing an increase. H2 RPS remains well ahead yoy with yields and loads both ahead in Q3 and Q4. easyJet expects H2 CPS ex-fuel to be up low-single-digits yoy. easyJet Holidays continues to expect >35% customer growth yoy in FY24.

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Jan 24 2024, 07:40 GMT