easyJet plc·Industrials

easyJet plc (ESYJY) Q2 2026 Earnings Call Transcript

easyJet plc (ESYJY) Q2 2026 Earnings Call Prepared Remarks Transcript

The FTSE 100 Index has been muted in the past few weeks despite major developments in the UK, including the ongoing political crisis in which Keir Starmer is fighting for his political survival. It also reacted mildly to the recent corporate earnings and Bank of England decision.

easyJet PLC's (LSE:EZJ) decision to stimulate passenger demand through lower fares rather than cut capacity to restore pricing power is sacrificing profitability to defend market share, UBS argues, slashing its 2026 profit before tax forecast by 53% and cutting its price target to 635p from 700p. The bank retains its 'buy' rating on the low-cost carrier but flags three negative surprises from last week's trading update: third-quarter 2026 pricing is running below the prior year when it needs to be rising to offset fuel pressure; an unforeseen £30 million legal provision has emerged; and capacity guidance remains unchanged when UBS believes cuts are warranted.

EasyJet said it took on roughly $34 million in additional fuel costs due to the U.S-Iran war. In this article EZJ-GB

The budget airline estimates it will book about £25 million in additional fuel costs for March and £30 million in increased legal provisions across some historic cases.
easyJet plc operates as an airline carrier primarily in Europe. It also leases aircrafts, as well as operates tours; and provides financing services. As of September 31, 2021, the company operated 927 routes with approximately 308 aircrafts in 34 countries; and 153 airports. It sells seats through its own website www.easyjet.com and its 'easyJet Worldwide' platform, its mobile application, global distribution systems, corporate online booking tools, content aggregators, and tour operator. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.
Industrials
Airlines, Airports & Air Services
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2012-08-03
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