easyJet PLC

EZJ: XLON (GBR)
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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.

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