easyJet’s Q3 trading update should be defined as mixed as we see severe negative impacts from the airport chaos, but the encouraging traffic figures, good hedging and further improved liquidity and net debt positions are worth noting. We might downgrade further our estimates to a small extent for the current FY and a further cut for the next FY is not impossible as Heathrow warns of a potential passenger cap for summer 2023.
26 Jul 2022
Significant airport disruptions drove Q3 into the red
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Significant airport disruptions drove Q3 into the red
easyJet plc (EZJ:LON) | 526 -20 (-0.7%) | Mkt Cap: 3,986m
- Published:
26 Jul 2022 -
Author:
Yi Zhong -
Pages:
3
easyJet’s Q3 trading update should be defined as mixed as we see severe negative impacts from the airport chaos, but the encouraging traffic figures, good hedging and further improved liquidity and net debt positions are worth noting. We might downgrade further our estimates to a small extent for the current FY and a further cut for the next FY is not impossible as Heathrow warns of a potential passenger cap for summer 2023.