- EasyJet has increased the proportion of net profit it pays out as dividends to 40% from 33%.
- It is undervalued, compared to rival low-cost airline Ryanair, on a PE basis.
- EasyJet is beginning to mature as an airliner and has found a sustainable business formula.
- EasyJet has a net cash position of £422M ($622M), compared to Ryanair's net debt position of €364M ($447m).
Fri, Oct. 3, 6:48 AM
- EasyJet (OTCQX:ESYJY) has raised its annual profit forecast, after benefiting from lower than expected fuel costs, favorable exchange rate moves and a two-week strike at rival airline Air France-KLM.
- The company said it now expects to report annual pretax profit in the range of £575M-580M ($928M-$936M) compared to the £545M-570M level reported in July.
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The principal activity of the company and its subsidiaries is the provision of a low cost airline service with care and convenience on short-haul and medium-haul point to point routes principally throughout Europe utilizing Europe's No. 1 air transport network.
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