Updates

Easyjet

June 2024

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.

The shares jumped after Easyjet revealed reduced winter pretax losses in the six months ended 31st March to £340m-£360m (greater than £50m improvement) despite fuel headwinds and a £40m impact from the Middle East. H1 revenue per seat rose 5% year-on-year while cost per seat was flat (ex fuel), in line with guidance. Easyjet Holidays increased pretax profit three-fold to £31m. Encouragingly, capacity was expanded with the number of seats in H2 growing 8% year-on-year. JP Morgan Cazenove makes the following points: (1) reduced winter losses should drive airline margins higher with a halving from £400m to £200m in future years adding £2 profit per seat, towards its mid-term target of £7-£10 per seat; (2) pricing is holding strong f ...

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B&M European Retail

Judges Scientific

Easyjet (March 2024)

Easyjet - £1bn profit target more than double current levels (February 2024)

Easyjet (December 2023)

Easyjet - On track for a third upgrade this year (August 2023)

Easyjet - Low cost airline's deep pockets ensure it's well placed to exploit recovery (October 2022)

Easyjet - Gain in 4 months:66% (January 2021)

Easyjet (October 2020)

Easyjet - £3 billion war-chest leaves it well-placed to exploit recovery in budget flights (September 2020)

Easyjet (August 2020)

Easyjet (June 2020)

Easyjet (August 2019)

Easyjet - Low cost airline looks oversold (March 2019)

Easyjet (February 2019)

Easyjet - Eps to grow 82% in two years (September 2018)

Easyjet (July 2018)

Easyjet (February 2018)

Easyjet (December 2017)

Easyjet - Low cost airline raises guidance; new price target (September 2017)

Easyjey - Low cost airline sees better outlook (June 2017)

Easyjet (July 2016)

Easyjet (March 2016)

Easyjet - Upgrades full year profit guidance (October 2015)

Easyjet - Low cost carrier sports terrific growth record (September 2015)

Easyjet - Trading ahead of expectations (May 2015)

Easyjet - Barclays sets Â£21.50 price target (March 2015)

Easyjet - Low cost airline still taking market share from flag carriers (November 2014)

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.

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