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Easyjet

February 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EXJ
  • Price:
  • 635p
With the pandemic severely limiting air travel for a second year low cost airline Easyjet duly reported a loss before tax of £1,136m on sales that fell almost 52% to £1,458m. Although capacity was halved to 28.2m seats, its load factor still fell almost 15% to 72.5%. Nevertheless, Easyjet has mitigated the effects by cutting costs by £512m while increasing ancillary revenue per seat by 20% by launching new products including a cabin bag proposition (allowing one large bag in the passenger section rather than the hold). It’s also sensibly reallocated 43 aircraft to bases where they will generate higher returns. Encouragingly, bookings for summer ’22 are strong with guidance for H2 ’22 revenues ahead of FY’19 level, while ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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