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Easyjet - Eps to grow 82% in two years

September 2018

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.

Despite disruption across Europe due to strikes and air traffic restrictions, Easyjet delivered a strong performance in its third quarter ended 30th June leading to an increase in full year pretax profit guidance to between £550m-£590m from £530m-£580m.For the third quarter, revenues increased 14% to £1.6bn while ancillary revenues jumped 21% to £328m. This was driven by a 9.3% increase in passenger numbers to 24.4m, in turn derived from an 8.9% rise in capacity to 26.2m seats. The load factor increased 0.3% to 93.4%.Impressively, revenue-per-seat excluding the acquired Berlin Tegel operations, increased 4.8% at constant currency thanks to benign competition (including unfilled capacity at ...

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Easyjet - Eps to grow 82% in two years

September 2018

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