EasyJet FY25 Results Prompt RBC Price Target, FY26 Estimate Cuts

06:09 AM EST, 12/03/2025 (MT Newswires) -- RBC Capital Markets on Tuesday cut its price target and fiscal 2026 estimates on easyJet (EZJ.L), following the European airline's fiscal 2025 results published Nov. 25. "Carbon is a worse headwind than we previously forecast in FY26E although fuel more off a tailwind beyond. Our forecasts are ~2% below Visible Alpha consensus over FY26E-FY28E. We are more comfortable below consensus in FY26E given the support of the GBP54m non-cash net release from a lease repurchase in FY25 and "negative jaws" at unit costs/ revenues at the start of the year, with modest headline CASK inflation guided in FY26E but RASK expected lower y/y in 1Q (although with early signs of 2Q pricing showing signs of improvement)," analysts wrote. Expectations for 2027, on the other hand, are broadly stable as the research firm expects company measures to support performance. RBC also said its estimates translate to an "attractive" 8% compound annual growth rate for EPS through 2028. The stock is rated outperform with a price target of 5.90 pounds, down from 6.20 pounds previously.