If the challenges battering the aviation industry forces consolidation, the budget airline easyJet looks ripe for another takeover approach. A narrowing loss and a recovery in passenger numbers that has seen capacity creep further towards the pre-pandemic level might help to convince suitors that the risks facing the group are already accounted for in a cut-price market value.
Airline stocks have struggled to sustain momentum since travel restrictions began to ease as the war in Ukraine, a jump in fuel and staff costs, and fears that the cost of living crisis could cause a slump in bookings have deterred investors from buying into the recovery story.
EasyJet is the cheapest of them all, more lowly priced than British Airways’ parent, IAG, which is saddled
