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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Leisure, gaming and gambling

easyJet summer outlook to be focus of update

easyJet PLC will report on what is typically the airline’s weaker half-year period next Thursday, 16 May.

Eyes will therefore be on bookings for the latter half of the year, according to Hargreaves Lansdown’s Derren Nathan.

Revenue per seat is expected to be slightly higher for the third quarter and well ahead of the last count for the fourth quarter, he said.

“So far, momentum for the more profitable half of the year has been positive,” Nathan continued.

“A further jump in forward bookings would likely be well-received by the market,” with almost a third of easyJet’s increased capacity for the summer already sold.

For the half year so far, pre-tax losses are expected to sit between £340 million and £360 million.

easyJet’s holiday division will also be in focus, according to Nathan, with pre-tax profit anticipated at £31 million.

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