easyJet : Ongoing capacity discipline (and the GTF groundings) will support pricing. Outperform vs Neutral
>Capacity discipline maintained and favourable to pricing… - Visibility on summer bookings is admittedly limited at this stage but we believe that easyJet will retain positive pricing power over the entire financial year 2024 despite a high base of comparison (RASK up 20.6% in FY 2023). Indeed, we think that capacity discipline on intra-European routes (91% of 2019 flights in the week from 27/11 to 3/12 according to Eurocontrol) will be maintained and will even be ste...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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