EasyJet (DE:EJT1)
XETRA:EJT1
Earnings Data
Report Date
May 21, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.5Last Year’s EPS
-0.45Same Quarter Last Year
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear operational and financial progress with notable near-term challenges. Highlights include a 9% PBT increase to GBP 665m, an 18% EBIT improvement, strong easyJet Holidays performance (20% customer growth, 32% profit increase, target upgraded to GBP 450m), ROCE rising to 18%, net cash of GBP 602m, and concrete fleet upgauging plans that should deliver substantial per-seat cost benefits over time. Offsetting these positives are slower-than-expected winter loss reduction, airline PBT being flat versus the holidays business, ongoing French ATC disruption, geopolitical route gaps (Tel Aviv/Jordan), modest near-term unit cost pressure due to inflation and required investments (including c. GBP 30m winter cost for Linate), and the fact that most upgauging gains are back-loaded beyond 2027. Overall, the positives around profitability, holiday growth, balance sheet strength and a clear delivery path for future cost savings outweigh the near-term operational and market challenges.Company Guidance
Third Consecutive Year of Earnings Growth
Profit before tax (PBT) rose 9% year-on-year to GBP 665 million, marking the third consecutive year of earnings growth.
Strong EBIT Improvement
Operating performance (EBIT) improved by 18%; total EBIT increased by GBP 106 million with GBP 56 million contribution from easyJet Holidays and GBP 50 million from the airline.
easyJet Holidays Milestones and Growth
easyJet Holidays reached its GBP 250 million medium-term target ahead of schedule, delivered a 20% increase in packaged holiday customers, a 32% increase in profit for the business, and holiday PBT margin increased from 12% to 13%. The holidays target was upgraded to GBP 450 million by FY30.
Customer Experience and Operational Resilience
On-time performance improved by 3% and customer satisfaction rose by 4% to 80% (the highest level in over a decade), credited to proactive resilience measures ahead of the busy summer and improved operational performance.
Balance Sheet Strength
Owned aircraft asset position increased to GBP 4.8 billion (expected to exceed GBP 7.5 billion by FY28) and net cash improved to GBP 602 million, supporting pre-financing of upcoming aircraft deliveries.
Return on Capital Employed (ROCE)
ROCE improved to 18%, up from 13% when the target was set, achieving the intended high-teen return-on-capital range.
Fleet and Upgauging Plan
Delivered 9 aircraft in FY25 and confirmed delivery schedule of 17 (next year), 30 and 43 thereafter; upgauging expected to deliver roughly GBP 3 per seat benefit over time, with GBP 10 benefit when a 320neo replaces a 319 and GBP 16 when a 321 replaces a 319.
Unit Cost and Productivity Improvements
Group CASK fell 3% year-on-year and ex-fuel CASK fell 1%; aircraft productivity rose 5% and crew productivity rose 6%, driven by efficiency and resilience measures.
Market Share and Network Expansion
Holiday market share grew from 5% to 10%; overall route network expanded by 13%, supporting customer acquisition and growth in packaged holidays.
Maintenance and Operational Capability
Increased in-house heavy maintenance capability (Malta) and use of AI-driven predictive maintenance (Skywise) improved handling of LEAP engine issues; increased spares holding for engines to bolster resilience.
DE:EJT1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:EJT1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | €5.34 | €5.32 | -0.37% |
Nov 25, 2025 | €5.38 | €5.29 | -1.73% |
May 22, 2025 | €6.48 | €6.36 | -1.74% |
Jan 22, 2025 | €5.75 | €5.53 | -3.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does EasyJet (DE:EJT1) report earnings?
EasyJet (DE:EJT1) is schdueled to report earning on May 21, 2026, TBA (Confirmed).
What is EasyJet (DE:EJT1) earnings time?
EasyJet (DE:EJT1) earnings time is at May 21, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of EasyJet stock?
The P/E ratio of EasyJet is N/A.
What is DE:EJT1 EPS forecast?
DE:EJT1 EPS forecast for the fiscal quarter 2026 (Q2) is -0.5.