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Apr 16 2026, 08:04 IST/BST
easyJet
Trading update illustrates exposure
DAVY VIEW
With H1 results due on May 21st, easyJet has issued an unscheduled trading update illustrating challenges that include a near-term weaker booking profile into fiscal Q3/Q4. Essentially, the fuel headwind from the geopolitical events in the Gulf is not being passed through in the near term with the booking curve shortened. Peak summer Q4 could see some improvement, but we expect a material reduction in consensus estimates, probably close to £100m for FY26 (£665m in FY25), with a high degree of uncertainty.
