easyJet (ESYJY) News Today

easyJet plc (ESYJY) shares are trading lower today after the airline reported widened first-half losses, despite announcing significant network expansion plans and maintaining strong summer booking momentum.

• Announced its 11th UK base at Newcastle International Airport from Spring 2026, creating over 100 jobs and boosting capacity
• Reopening the Newcastle base five years after its Covid-related closure, expanding flights to Europe and beyond
• Broker commentary remains constructive, with analysts like Peel Hunt describing H1 results as broadly in line with expectations and reaffirming buy ratings
• Valuation now sits at a P/E of 8 post H1 results, sparking debate over whether the stock is attractively priced
• Summer bookings continue to build, and anti-tourism protests in Spain have not dented overall demand for flights or holidays
• Reported a headline loss before tax of £394 million for the six months to 31 March, slightly wider than last year after adjusting for Easter’s timing
• Operating costs, including fuel, rose around 9%, pressuring margins amid higher expenses
• Interim results missed some market forecasts, triggering a roughly 2% drop in the share price