easyJet

Wednesday, 18th July 2018 09:35 - by Rajan Dhall

easyJet this morning has posted a good report, it seems that the company are taking business from older struggling competitors in Europe. 

• easyJet has increased its headline profit before tax guidance for Financial Year 2018 to between £550 million and £590 million.
• Total revenue in the third quarter to 30 June 2018 increased by 14.0% to £1.6 billion and ancillary revenue increased by 21.1% to £328 million.
• Passenger numbers in the third quarter increased by 9.3% to 24.4 million, driven by an increase in capacity of 8.9% to 26.2 million seats
•  

Johan Lundgren, easyJet Chief Executive said "easyJet has delivered a strong performance during our third quarter driven by robust customer demand. The airline continues to go from strength to strength attracting more than 24 million customers in the period who chose to fly with us for our leading network of top European destinations, low fares and outstanding service.

The chart also looks strong on a weekly basis we have recently seen a rejection of lower prices (last weeks candle) and could move higher on today's evidence. It is difficult to say if the 1808p resistance will hold but if it doesn't the next targets are the psychological 1900p and 1928p areas. 

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.