How easyJet's bet on holidays paid off
Written by Emily J. Thompson, Senior Investment Analyst
Source: reuters
- EasyJet's Strategy: EasyJet's CEO and investors credit the airline's success to its focus on package holidays and better-located airports, attracting customers seeking quality travel experiences.
- Financial Turnaround: CEO Johan Lundgren's efforts to reduce debt, revive share prices, and boost revenues post-pandemic have been successful, with the company clearing its net debt in 2023.
- Holiday Package Business: The holiday package business launched in 2019 has become a significant profit contributor, benefiting from a shift in consumer priorities towards vacations post-lockdown.
- Growth and Profit Targets: Lundgren aims to double profit per seat by 2028 and capitalize on growing demand for travel, positioning easyJet for a strong resurgence in the industry.
- Challenges and Future Plans: While facing challenges like labor costs and potential disruptions, easyJet remains committed to dividends, fleet renewal, and expanding its holiday business to meet long-term goals.
Analyst Views on RTX
Wall Street analysts forecast RTX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RTX is 195.77 USD with a low forecast of 168.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 196.340
Low
168.00
Averages
195.77
High
215.00
Current: 196.340
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
