Company
LON:EZJ
EasyJet is engaged in the provision of a low-cost airline service on short-haul and medium-haul point-to-point routes principally within Europe.
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For easyJet, Credit Suisse said it expected the orange and white carrier to deliver revenue per seat growth “at the upper end of the low-mid-single-digit growth guidance” for the first half of 2020
The promotion for easyJet will mark a return to form following its exit from the top table in June, while Hiscox has seen its share price hammered as natural disasters bite into its profits
October data points to an increase in airline fares after three straight quarters of declines, but analysts reckon this is already factored in by the market
The budget airline said revenue per seat in the first half should increase by “low to mid single digits”, with costs per seat up “low single digits” for the full year
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The UK index of leading shares closed up around 16 points at 7,323 on the day
Storage company Big Yellow is also releasing half-year results, with analysts wondering if reduced activity around the Brexit date will have knocked the company again
The new slots comprise 12 summer pairs and eight winter pairs at Gatwick, as well as six summer pairs and one winter slot at Bristol airport
Annual profit before tax is expected to fall 25%-27% to between £420mln and £430mln
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Merkel has yet to respond to the UK government's claims that the Republic of Ireland should have a veto on Northern Ireland leaving the customs union
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Eyes peeled also for the quarterly reports by Electrocomponents and Robert Walters
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Also in the week ahead, there are updates expected from retailers Dunelm, N Brown and Quiz
The French bank also predicted a 20% drop in pre-tax profits for the budget airline in 2020 as higher fuel costs and slowing capacity growth began to bite
In the run-up to today’s third-quarter update, analysts from a couple of big-name banks had speculated that easyJet bosses might be forced to lower their forecasts
Investments and investor services
The UK's blue-chip benchmark index closed out around 42 points lower at 7,493
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Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
Investments and investor services
The UK's premier share index finished almost 26 points higher at 7,531, while FTSE 250 gained over 32 points at 19,584
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It looks set to be a busy week of corporate announcements and UK economic data
Berenberg expects short haul carriers to limit capacity growth over the coming year, which should help to prop up ticket prices
The global bank’s analysts said: “With the March quarter results, European low-cost carriers and tour operators offered quite cautious revenue commentary"
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A look at the day's major movers, including Ted Baker, IAG, easyJet, Bagir, Blue Prism, EVR, Blackbird, Nu-Oil & Gas, Anglo Asian Mining and Petrel Resources
