easyJet

Q3 performance in line with expectations

  • Sectors : Airlines
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 507p

  • RATING 20/06/18

  • PREVIOUS RATING 12/12/17

    OUTPERFORM

DAVY VIEW

As anticipated, easyJet produced a loss in Q3 of -£324.5m but expects a smaller loss in Q4 with capacity planned at 40% (previously 30%) The statement indicates that late summer bookings are performing well, with liquidity raised to date since the beginning of the COVID-19 pandemic to over £2.2bn.

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Aug 4 2020, 07:40 IST/BST

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