The market reacted positively to easyJet’s Q1 trading update as the meaningful pricing tailwind and the continued restoration of load factors allowed for consensus-beating results and guidance. The buoyancy was further fuelled by the low-cost rivals’ promising stance on summer activities. We expect an upgrade in the consensus and to our valuation.
25 Jan 2023
Spring is finally coming
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Spring is finally coming
easyJet plc (EZJ:LON) | 545 -12 (-0.4%) | Mkt Cap: 4,132m
- Published:
25 Jan 2023 -
Author:
Yi Zhong -
Pages:
2
The market reacted positively to easyJet’s Q1 trading update as the meaningful pricing tailwind and the continued restoration of load factors allowed for consensus-beating results and guidance. The buoyancy was further fuelled by the low-cost rivals’ promising stance on summer activities. We expect an upgrade in the consensus and to our valuation.