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Easyjet - Trading ahead of expectations

May 2015

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:
  • 1885p
Newsflow has been very strong in the budget airline sector, with Ryanair reporting a stonking 28% increase in customers in March while Easyjet now expects first half results to 31 March to be ahead of forecasts. Its new guidance is for between a loss of £5m and profit of £10m in the seasonally weaker period. This compares with previous guidance for a loss of £10m - £30m and a prior year loss of £53m.This improvement reflects a 2.5% growth in revenue per seat at constant currency and a slight reduction in cost of fuel. The longer-term positive outlook for cheaper fuel remains intact with Easyjet guiding to a saving of £90m-£120m for the year ended September 2015. However this will be partial ...

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