FTSE 250: easyJet Shares Crashed Despite Solid Quarterly Earnings

UK-based low-cost airline company easyJet PLC (GB:EZJ) posted solid numbers in its third-quarter earnings for 2023. The airline’s shares went down by 3.6% yesterday after the results announcement. YTD, the shares have generated huge returns of almost 50% after travel demand continued to rise.

Record Numbers

The company posted pre-tax profits of £203 million for the second quarter, which is significantly higher than the loss of £114 million in the same quarter last year.