Easyjet flies after double-upgrade by top US broker

easyJet has received a double upgrade from analysts at Bank of America, who see bigger capacity, stable fuel costs and more people going on holiday as a winning trio. Buy, from underperform, is the bank’s new view after it raised its profit forecast for this by 14% to £549 million and load factors (plane occupancy) 1% higher than previously on average. “Growth will be driven by both higher passenger numbers (company targets over 35% year-on-year) and we are at 36%) and increasing ASP (seat prices).” Shares ...