easyJet : A release broadly in line – More caution on pricing offset by a stronger Holidays performance
>Q3 better than expected fuelled by Holidays - easyJet has just released a good Q3 results, slightly above expectations with headline profit before tax of £ 236m, up 16% y-o-y (vs our estimate of £ 212m with higher-than-expected Holiday contribution at £ 73m vs our estimate of £ 54m). Airline passenger numbers increased by 8% and RPS increased by 1% year-on year (in line with previous guidance and our estimate), with headline CPS ex fuel (easyJet definition) inc...EasyJet and its subsidiaries are a low-cost airline carrier operating principally in Europe. Co. operates in the European short-haul aviation market. As of Sept 30 2017, Co. operated 862 routes. Co.'s total fleet as at Sept 30 2017, comprised 279 aircraft, split between 156-seat Airbus A319s, 180-seat A320s, 186-seat A320s and 186-seat A320neos. Co.'s main markets are the U.K., France, Italy, Switzerland, Germany, Netherlands, Portugal and Spain.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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