- EasyJet forecasts full-year capacity at about 103 million seats, slightly below the estimate of 103.47 million seats.
- Reported a headline pretax loss of GBP 61 million in the first quarter, which is a 52% improvement year-over-year.
- Revenue for the first quarter stood at GBP 2.04 billion, marking a 13% increase year-over-year and slightly above the estimated GBP 2.03 billion.
- Passenger revenue increased by 11% year-over-year to GBP 1.26 billion.
- Ancillary revenue rose by 10% year-over-year to GBP 535 million, surpassing the estimate of GBP 527.6 million.
- The load factor improved to 88.2% from the previous year’s 86%, exceeding the estimate of 86.9%.
- Passenger numbers grew by 7% year-over-year to 21.24 million, outpacing the estimate of 20.42 million.
- The number of seats flown increased by 4.7% year-over-year to 24.07 million, while the estimate was higher at 28.32 million.
- Expectations for a reduction in first-half underlying winter losses due to the timing of Easter and prior year release of aged balances.
- Forecasts full-year 2025 Available Seat Kilometers (ASK) growth of around 8% year-over-year.
- Current booking trends support the financial year 2025 consensus.
- Forward bookings: 57% for the second quarter, 26% for the third quarter, and 13% for the fourth quarter.
- easyJet holidays anticipates around 25% customer growth year-over-year, with first-half bookings 93% sold and second-half bookings 45% sold.
- Positive outlook for financial year 2025, in line with consensus, with a trajectory towards achieving a medium-term target of over GBP 1 billion pretax profit.
- Analyst ratings indicate 16 buys, 7 holds, and 0 sells.
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easyJet PLC on Smartkarma
Independent analyst Neil Glynn has provided insight on easyJet PLC on Smartkarma, highlighting potential risks during peak summer but a more encouraging outlook for the winter season. In his research report titled “European Airlines – Fare Data Suggests Risk to EasyJet/Wizz Peak Summer but Winter More Encouraging,” Glynn delves into deep analysis of fare data for easyJet and Wizz Air. He points out the possibility of negative surprises in the peak summer period based on recent fare trends, especially for easyJet. However, there is a glimmer of hope for the winter season as the fare data suggests a more positive outlook.
Glynn’s analysis raises important considerations for investors following easyJet PLC, shedding light on the potential challenges and opportunities ahead. His bearish sentiment on the peak summer performance of easyJet and Wizz Air, contrasted with a somewhat optimistic view for the winter, provides valuable insights for those tracking developments in the airline industry. The detailed breakdown of fare data and expectations presented in Glynn’s report offers a comprehensive view of the current market situation for these airlines, guiding investors in making informed decisions.
A look at easyJet PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
easyJet PLC, a prominent low-cost passenger airline operating in the UK and mainland Europe, has been assessed using the Smartkarma Smart Scores for a comprehensive outlook on its long-term performance. With a strong emphasis on growth and momentum, easyJet PLC has secured high scores in these areas, indicating a positive trajectory for the company. Its growth potential is highlighted by a score of 5, showcasing promising opportunities for expansion and market development. Additionally, a robust momentum score of 5 suggests that easyJet PLC is well-positioned to capitalize on market trends and maintain its competitive edge.
Despite facing moderate scores in value and dividend aspects, easyJet PLC remains resilient with a score of 4, indicating its ability to weather economic uncertainties and industry challenges. Overall, the company’s scores reflect a favorable long-term outlook, particularly in growth and momentum, which bodes well for its future sustainability and success in the dynamic airline industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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