easyJet

Building back capacity despite Omicron

  • Sectors : Airlines
  • Companies : easyJet

Ratings and price correct at time of issue.

  • easyJet

    Closing Price: 503p

  • RATING 14/07/21

  • PREVIOUS RATING 22/01/21

    OUTPERFORM

DAVY VIEW

The focus is to build back growth into next summer, with easyJet indicating that demand is accelerating with key periods such as October half-term and the ski and Christmas seasons seeing strong performance. The group’s plan is to continue to add capacity; easyJet expects to fly c.70% of 2019 capacity in Q2 and that Q4 summer capacity will be close to 2019 levels. Although easyJet says that it is too soon to see the impact of Omicron, H2 revenue booked (summer) is ahead of FY19.

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Nov 30 2021, 07:45 GMT

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