0R15 8780.0 -1.0593% 0R1E 8527.0 2.6237% 0M69 None None% 0R2V 234.75 9868.1529% 0QYR 1479.0 -3.7109% 0QYP 426.4 -0.6061% 0RUK None None% 0RYA 1496.0 -2.4772% 0RIH 168.8 0.0% 0RIH 169.0 0.1185% 0R1O 208.12 10254.2289% 0R1O None None% 0QFP None None% 0M2Z 267.9939 0.2127% 0VSO 31.38 -11.8663% 0R1I None None% 0QZI 574.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 164.74 0.3166%

mid-cap

Trading Update On One LSE Listed Airlines Stock - EZJ

Apr 29, 2024 | Team Kalkine
Trading Update On One LSE Listed Airlines Stock - EZJ

EZJ:LSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (GBX)

easyJet PLC (LSE: EZJ)

easyJet PLC (LSE: EZJ) is an FTSE 100 index-listed low-cost airline carrier. It offers short-haul passenger airline services.

H1 FY24 Trading Update (Released on 18 April 2024)

  • Financial Update: The company reported an increase in the number of flights to 107,214 in Q2 FY24 versus 99,273 in pcp, whereas the passengers grew to 16,844 during Q2 FY24 as compared to 15,631 in pcp.
  • Improved Financials: The passenger revenue of the company improved by 17% to GBP 2,0501 mn in H1 FY24 as compared to the passenger revenue of GBP 1,749 mn in pcp on account of increased passengers of 8% in the reported period. The Airline ancillary revenue improved by 195 to GBP 910 mn and the Holidays revenue increased by 79% to GBP 319 mn during H1 FY24, resulting in an overall improvement in the Group revenue of 22% to GBP 3,270 mn in H1 FY24 versus GBP 2,689 mn in pcp. The group Headline EBITDA surged to 122% to GBP 15 mn as compared to the Headline EBITDA loss of GBP 69 mn in pcp.  
  • Outlook: In Q3 FY24, airline RPS is anticipated to experience a slight year-on-year increase, boosted by the Easter peak occurring in March. Additionally, in Q4 FY24, airline RPS is expected to maintain a strong lead over the previous year, with approximately 30% of the program already sold. The company continues to project a low single-digit year-on-year increase in H2 FY24 CPS ex-fuel. Moreover, easyJet Holidays maintains its outlook for over 35% customer growth year-on-year in FY24.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

easyJet PLC (LSE: EZJ) was trading at the closing market price of GBX 538.20 (as of 26 April 2024)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 26 April 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.


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