Updates and Ideas

Easyjet - Low cost airline looks oversold

March 2019

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.

US President Franklin D Roosevelt famously said about the Great Depression: “The only thing we have to fear…is fear itself” and there’s no doubt that the large retracement in Easyjet’s shares from almost 1800p last June to a recent low of 1052p reflects the fear of disruption to UK-based airlines from a No-Deal Brexit, which is expected on 29 March. However, this low-cost airline has planned for Brexit: it now has 130 EU registered (Austria) aircraft; has built a spare parts pool in the EU; transferred crew licences; and increased its share ownership by EEA nationals to 49% (50.1% is required). It’s not as if the uncertainty has caused a nosedive in demand either with its Q1 update stating a 13.7% inc ...

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