EasyJet - Re: EZJ Stream Log - Beaufort Securities published a new...

Beaufort Securities published a new note this morning on ResearchTree: "easyJet delivered good performance in May 2016, with increased passenger traffic. This was despite 173 cancellations for the month, with French ATC strikes and weather conditions accounting for most of those. The Egypt Air tragedy also occurred in this month (19th May). Recently, easyJet reported strong Q1 2016 performance despite disruptions by terrorists. The board expects pre-tax profit for FY 2016 to remain in line with market expectations, helped by prudent cost management, low fuel prices, disciplined capacity allocation and resilient trading. It estimated that at January's exchange rates and with fuel trading at US$350–450 per metric tonne, its unit fuel bill for FY 2016 would decrease £165–180m from the FY 2015 levels. Furthermore, the company plans to expand its services by increasing flight offerings. Recently, several strategic routes were launched, including Vienna and Basel, which are expected to carry 78,000 passengers annually."