EasyJet still in credit but headwinds stiffening ahead of first quarter update
easyJet PLC (LSE:EZJ) along with its airline peers, has been flying high recently but headwinds are beginning to build in the shape of higher oil prices and weaker traffic forecasts and some reassurance that everything is on track with its first-quarter results next week. Oil has climbed back above US$80 a barrel recently and AJ Bell analyst Russ Mould noted airlines had enjoyed easing cost pressures in 2024 as oil prices receded.
Here's why the EasyJet share price could surge 40%
EasyJet share price has moved sideways in the past few weeks as it continued to underperform other airlines like United Airlines and IAG, the parent company of British Airways. The EZJ stock was trading at 542p, up by 95% from its lowest level in 2023.
EasyJet share price analysis: buy, sell, or hold?
EasyJet (EZJ) share price has crawled back this month after going through substantial turbulence between April and August 10, when it slumped by over 31%. It has rebounded by 26% and was trading at 513p as most airline stocks recovered.
Easyjet plane diverts to Rome after cabin crew injured by turbulence
An easyJet PLC (LSE:EZJ) plane flying to Gatwick from Corfu had to be diverted to Rome to get treatment for two cabin crew injured when the flight hit ‘extreme turbulence”. In scenes reminiscent of a Singapore Airlines flight in May when one passenger was killed, passengers on the easyJet flight said the crew were hurled against the side of the aircraft when it suddenly dropped.
EasyJet increases profit and bookings 'on track for record summer'
Third-quarter results from easyJet PLC (easyJet PLC (LSE:EZJ)) may reassure investors after the warning from rival Ryanair earlier in the week, with the orange-branded budget airline's profits rising and summer bookings up year on year. Johan Lundgren said, "we remain on track to deliver another record-breaking summer, taking us a step closer to our medium term targets".
