easyJet PLC has received a double upgrade from analysts at Bank of America, who see bigger capacity, stable fuel costs and more people going on holiday as a winning trio.
'Buy', from 'underperform', is the bank’s new view after it raised its profit forecast for this year by 14% to £549 million, with load factors (plane occupancy) estimated to be 1 percentage point higher than previously on average.
“Growth will be driven by both higher passenger numbers (company targets over 35% year on year and we are at 36%) and increasing ASP (seat prices),” BofA said.
Shares rose 1.85% to 518.6p.