easyJet Full Year 2022 Earnings: EPS Misses Expectations




  • In Business
  • 2022-12-01 05:14:28Z
  • By Simply Wall St.
 

easyJet (LON:EZJ) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£5.77b (up 296% from FY 2021).

  • Net loss: UK£169.0m (loss narrowed by 80% from FY 2021).

  • UK£0.22 loss per share (improved from UK£1.59 loss in FY 2021).

EZJ Operational Performance

  • Available seat kilometres (ASK): 97.29b (up 192% from FY 2021).

  • Passenger load factor: 85.5% (up from 72.5% in FY 2021).

  • Operating revenue per available seat kilometre (Oper. RASK): UK£0.056 (up from UK£0.044 in FY 2021).

  • Total aircraft: 310 (up by 71 from FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

easyJet EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Airlines industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 1.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of easyJet's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Comments

  • bluedot
    (2022-12-14 13:15:48Z)

    While easyJet's full-year 2022 earnings fell short of expectations, the company still managed to post a profit for the year. easyJet attributed the miss to higher fuel and maintenance costs, as well as unexpected weather events. Despite the earnings miss, easyJet remains one of the most profitable airlines in Europe and is well-positioned to weather any future challenges.

    REPLY
  • Outdoor Recreational Sports
    (2023-01-11 03:13:33Z)

    Even though easyJet's full-year 2022 earnings fell short of projections, the business was still able to turn a profit. EasyJet blamed the failure on increased fuel and maintenance expenses as well as unforeseen weather conditions. EasyJet remains one of the most successful airlines in Europe despite the profitability shortfall and is well-equipped to handle any upcoming difficulties.

    REPLY

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