easyJet : Q3 results reassure after the Ryanair warning but caution still called for
>Good performance in Q3 but the pricing guidance includes greater caution - The Q3 earnings release after last Monday’s warning from Ryanair was a relief with unit revenue per seat up 0.6% (versus -10% for Ryanair) including passenger revenue down a slight 0.7% and growth in unit ancillary revenue of 3.7%. We believe that this gap is notably attributable to more moderate growth at easyJet (7.4% vs 10.5% for Ryanair), a passenger and network mix more concentrated on p...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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