- EasyJet anticipates a capacity of around 103 million seats for 2025, slightly below the estimated 104.96 million.
- The company reported a pre-tax profit of GBP 610 million for the year, marking a 34% increase compared to the previous year and closely aligning with the estimate of GBP 609.4 million.
- Revenue for the year totaled GBP 9.31 billion, a 14% rise year-over-year, just under the estimated GBP 9.33 billion.
- Passenger revenue reached GBP 5.72 billion, growing 9.5% year-over-year, slightly lower than the estimate of GBP 5.76 billion.
- Ancillary revenue matched the estimate at GBP 2.46 billion.
- EasyJet transported 89.7 million passengers, an 8.3% increase year-over-year, slightly below the estimated 89.97 million.
- Revenue per seat was recorded at GBP 81.35, reflecting a 1.9% increase year-over-year but falling short of the GBP 83.70 estimate.
- The load factor remains unchanged year-over-year at 89.3%, slightly below the estimate of 89.6%.
- Total capacity for the year was 100.4 million seats, an 8.4% increase year-over-year, slightly below the estimated 100.55 million seats.
- Dividend per share rose to 12.1p, up from 4.5p the previous year.
- EasyJet aims to reduce winter losses, expecting significant improvement in the first quarter impacted by the timing of Easter.
- The company plans for a 25% growth in EasyJet holidays customers in FY25, from a base of 2.6 million customers.
- EasyJet maintains continued confidence in achieving greater than £1bn profit before tax in the medium term.
- Analyst ratings consist of 17 buys, 6 holds, and no sells.
easyJet PLC on Smartkarma
On Smartkarma, independent analyst Neil Glynn recently published a research report titled “European Airlines – Fare Data Suggests Risk to EasyJet/Wizz Peak Summer but Winter More Encouraging.” In this deep dive into peak summer/early winter fare data, Glynn highlights potential negative surprises for easyJet and Wizz Air. The analysis indicates a possibility of late-market disappointment for easyJet based on fare data, although winter prospects are more encouraging. Additionally, the data for Wizz Air raises doubts on hopes for fare growth, suggesting a challenging outlook for the airline industry.
A look at easyJet PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
easyJet PLC, a low-cost passenger airline known for its operations in the United Kingdom and mainland Europe, has garnered a mix of Smart Scores indicating its long-term outlook. With a strong emphasis on growth scoring the highest at 5, easyJet looks poised for expansion and development in the airline industry. The company also displays resilience, scoring a commendable 4, which suggests its ability to withstand challenges and uncertainties effectively. While the value and momentum scores fall in the mid-range at 3, indicating a steady performance in these areas, the dividend score of 2 suggests room for improvement in terms of shareholder payouts.
Overall, easyJet PLC‘s Smart Scores paint a positive picture for its long-term prospects, particularly in terms of growth and resilience. The company’s focus on providing low-cost air travel in key markets coupled with its online ticket sales strategy positions it well for future success, despite areas like dividend payouts that may require attention. Investors may find the company appealing for its potential growth opportunities and ability to navigate through volatile market conditions with resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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