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EasyJet ( (GB:EZJ) ) has shared an update.
EasyJet expects a headline pre-tax loss of £540–£560 million for the first half of FY26, as higher fuel costs linked to the Middle East conflict and an increase in legal provisions offset solid demand and a 90% load factor. The airline’s strategic capacity investments in Milan Linate and Rome Fiumicino, along with strong growth at EasyJet holidays, supported a 3% rise in second-quarter revenue per seat despite war-related softness in Egypt, Turkey and Cyprus.
Unit costs excluding fuel rose about 8% in the first half, inflated by resilience measures, higher airport charges and digital investments, though management anticipates only low single-digit growth in these costs in the second half. While recent geopolitical tensions have shortened the booking curve and introduced fuel-price uncertainty, EasyJet highlights its investment-grade balance sheet, £4.7 billion of liquidity and high aircraft ownership as key buffers that leave it well positioned to manage volatility and pursue its medium-term financial targets.
The most recent analyst rating on (GB:EZJ) stock is a Sell with a £3.50 price target. To see the full list of analyst forecasts on EasyJet stock, see the GB:EZJ Stock Forecast page.
Spark’s Take on EZJ Stock
According to Spark, TipRanks’ AI Analyst, EZJ is a Neutral.
The score is supported primarily by improving profitability and a solid balance sheet, plus an attractive valuation (low P/E and decent dividend yield). These positives are meaningfully offset by very weak technicals, with the stock far below key moving averages and strong bearish momentum indicators.
To see Spark’s full report on EZJ stock, click here.
More about EasyJet
EasyJet is a U.K.-based low-cost airline group focused on short-haul European travel, operating both a core airline business and the fast-growing EasyJet holidays package division. The company targets value-conscious leisure and city-break customers across key markets including the U.K., Italy and the wider Western Mediterranean region.
Average Trading Volume: 6,223,750
Technical Sentiment Signal: Sell
Current Market Cap: £2.96B
Learn more about EZJ stock on TipRanks’ Stock Analysis page.