UBS is optimistic about easyJet plc, a major player in Europe's low-cost airline industry.
In the fiscal year 2022/23, easyJet carried 82.8 million passengers, with passenger transport accounting for 63.9% of its sales. Ancillary services, such as baggage handling, catering, and car rental, contribute 36.1% to its business.
As of September 2023, easyJet operates a fleet of 336 aircraft. The United Kingdom is its largest market, contributing 53.2% to total revenue. Other key markets include Switzerland (9.7%), France (10.4%), Southern Europe (17.5%), and Northern Europe (7.5%). EasyJet has a strong presence in the European aviation market.