What to expect from easyJet’s fiscal 2023 results

  • easyJet expected to report increased revenue of £8.17 billion for fiscal 2023
  • Market predicts a swing to a pretax profit of £444.5 million
  • Return to dividends for the first time since the pandemic hit
  • Sales expected to increase 14% to £9.3 billion in FY 2024
  • Pretax profit expected to rise to £608 million in FY 2024

easyJet is scheduled to report its fiscal 2023 results, with expectations of increased revenue of £8.17 billion and a swing to a pretax profit of £444.5 million. The airline plans to return to dividends for the first time since the pandemic hit, aiming to pay out 10% of headline pretax profit in fiscal 2023 and 20% in fiscal 2024. Looking ahead, sales are projected to increase by 14% to £9.3 billion in the 12 months to September 2024, with pretax profit expected to rise to £608 million.

Public Companies: easyJet (N/A)
Private Companies:
Key People: Michael Susin (Author), Russ Mould (AJ Bell Investment Director), Danni Hewson (Head of Financial Analysis)

Factuality Level: 8
Justification: The article provides specific information about easyJet’s sales forecast, pretax profit forecast, and adjusted pretax profit forecast for fiscal 2023. It also mentions the company’s plan to return to dividends and provides guidance for fiscal 2024. The information is sourced from Visible Alpha consensus, FactSet, and AJ Bell, which are reputable sources for financial data and analysis.

Noise Level: 7
Justification: The article provides information on easyJet’s upcoming financial results, including sales and profit forecasts. However, it lacks analysis or insights into the long-term trends or antifragility of the airline industry. It also does not hold powerful people accountable or explore the consequences of decisions. The article stays on topic and supports its claims with data and analyst forecasts, but it does not provide actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the airline industry and investors in easyJet.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article provides financial information about easyJet’s sales forecast, pretax profit forecast, and future guidance. It does not mention any extreme events or events that would have a significant impact on financial markets or companies.

Reported publicly: www.marketwatch.com