easyJet : FY 2022-23 in line with expectations but dividend policy resumption announcement and improved visibility on fleet plan
>FY 2022-23 pretty much in line with expectations – announcement of dividend policy resumption as of FY 2022-23 with a 10% payout - easyJet has just released its FY 2022-23 trading update that is pretty much in line with expectations with headline PBT between £ 440 - £ 460m (vs Visible Alpha consensus of £ 457m and our estimate £ 465m), of which £ 120m linked to Holidays contribution. Q4 headline profit before tax is expected to be between £ 650 - £ 670m including rev...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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