STEPHEN FURLONG | DAVY
We view the outlook statement as robust. EasyJet sees percentage revenue per seat growth at constant currency for the six months to end-September 2014 in the low single digits. Around 51 per cent of H2 seats are sold and trading continues to be in line with management expectations. Underperform.
GERT ZONNEVELD | PANMURE GORDON
Interim results were in line with our expectations. Full year forecasts remain unchanged. While we remain hugely optimistic about the long term prospects of this business, in the near term we expect the shares to pause for breath. Hold.
JAMES HOLLINS | INVESTEC
We could expect the shares to take a pause given the group and industry capacity increases through summer 2014, although we retain our Buy recommendation given our positive long-term outlook... Key risks are geopolitical issues and fuel pricing.