easyJet PLC
EZJ: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|?v | LOCK|<$# | LOCK|y<LWCK |
EasyJet Earnings: Delivered Third Consecutive Year of Profit Growth; We Maintain our Fair Value
Profit before tax rose 9% and EBIT grew 18% year on year. Holidays delivered the strongest growth, with profits up 32%. Load factors improved despite a 9% capacity increase, and unit costs declined despite inflationary pressure.
