For the long haul12 Apr 2024 15:20
I've been sat watching easyjet for while now. I got in before the conflict in the east started but, hay ho. I think the conflict / possibility of a retaliation is being aggressively used to drive the share price down before the trading update and the half year results. Easyjet only have limited flights out to Israel and Iran as they are primarily based in European destinations.
As we can see, there are 5 buy and 3 holds against this share, with information realised earlier today in a news article showing that analyst are happy were Easyjet are. Most of the money will be coming from European flight snd package holidays. They already have at least 55% of the future fuel cost coveted either thr possibility of this number being higher. This meant the jump in oil price shouldn't effect them heavily.
Personally, I think this is a great time to top up if you ate looking to hold for a mid to long term investment. Yes, there is conflict happening in the world, especially in the middle east, Russia and Ukraine, but I thing a strong trading update will help this share flourish.
Easyjet are in good position, aerospace as a hole is growing strongly. I'm topping uo every time it hit a new low. This will go over £6 at some point, its just when and how low you where able purchase or top up.
GLA