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Easyjet

March 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.

  • Epic Code:
  • EZJ
  • Price:
  • 558p
Shares in Easyjet, last month’s write-up and a TMI 2024 NAP, moved to new highs after an upbeat first quarter update for the period ended 31 December. The seasonally weaker Q1 registered a reduced loss of £126m (Q1 ‘23: £133m loss), with passenger numbers rising 14%. While the Middle East crisis caused a £40m impact from fewer bookings in Israel and Egypt, the outlook for the summer is strong with early bookings building well and second half revenue per seat well ahead year-on-year. Meanwhile, Easyjet Holidays continues to expect greater than 35% customer growth in 2024. Its strong balance sheet allowed Easyjet to pay off a €500m Eurobond which matured last October. Liberum’s above consensus forecast is for eps of 64 ...

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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.

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