easyJet PLC
EZJ: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %Gb | LOCK|Ng | LOCK|^#!W>v@ |
EasyJet Earnings: Strong Full-Year Performance Beats European Peers; Midterm Guidance Confirmed
No-moat easyJet's financial year ending September 2024, showcased impressive results and strong progress toward the company's medium-term targets. The airline reported a headline profit before tax of GBP 610 million, representing a substantial 34% increase year on year, outpacing many of its European competitors. Despite management highlighting softening conditions, we maintain our fair value estimate.
