easyJet share price: what’s the latest ahead of its full-year results?

The low-cost airline unveils its annual results next week, with investors hoping for details on its new package holiday business that could help push its share price higher.

easyJet will unveil its annual results on November 19, with the airline expecting its full-year pre-tax profit to land between £420 million to £430 million – the upper range if its previous guidance.

The low-cost airline’s upbeat profit guidance is reflective of increased passenger numbers and progress the company has made on non-fuel cost savings. However, analysts forecast the carrier to record a 3% drop in pre-tax profit next week.

Looking to trade easyJet and other airline stocks? Open a live or demo account with IG.

easyJet share price could see further gains

easyJet’s stronger performance in the latter half of the year is reflected in its share price, with it climbing more than 45% since August and up 18% on a year-to-date basis. The stock is trading at £13.01 as of 12:25 GMT on Wednesday.

Analysts from Bernstein and HSBC believe that the airline’s stock could climb even higher, issuing price targets of £13.30 and £14.50 a share in October.

Based on easyJet’s current share price, the stock has a potential upside of between 2.2% to 11.4% according to analysts.

You can go long or short with IG using derivatives like CFDs.

easyJet looks to launch package holiday business

Its annual results next week provide easyJet the opportunity to reveal details of its upcoming package holiday subsidiary that aims to fill the gap in the market left by Thomas Cook following its collapse earlier this year.

The new business, dubbed easyJet Holidays, is scheduled to launch before Christmas.

Last week, easyjet acquired Thomas Cook’s take-off and landing slots at London Gatwick and Bristol airports for £36 million.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
China 300
-
-
-
-

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.