Revenue distribution by sector:

• Passenger flights: approx. 90%
• Ancillary services (e.g. baggage, seat reservations): approx. 8%
• Other income (e.g. partnerships, advertising revenue): approx. 2%

TOP 3 markets by revenue share:

• United Kingdom: approx. 35%
• Germany: approx. 20%
• France: approx. 15%

easyJet plc generates the majority of its revenue from passenger flight operations, with a significant portion also coming from ancillary services. The British market remains the largest single market for easyJet, followed by Germany and France. These markets are crucial for the company as they exhibit high demand for short-haul flights.

Production: No in-house production

easyJet plc is a British low-cost airline and does not produce physical products. Instead, the company offers services in the field of air transportation. The airline operates a fleet of aircraft, mainly manufactured by Airbus.

The maintenance and upkeep of the aircraft is carried out in collaboration with specialized third-party providers, which are located at various sites across Europe.

Fleet Expansion: 168 new aircraft by 2028
Sustainability Goals: 35% reduction in CO2 emissions per passenger kilometer by 2035
Market Expansion: Increasing presence in Southern Europe and Eastern Europe

easyJet plc is pursuing a multi-track growth strategy focusing on both fleet expansion and sustainability. The company plans to expand its fleet by 168 new aircraft by 2028 to increase capacity and improve efficiency.

In parallel, easyJet has set ambitious sustainability goals, including a 35% reduction in CO2 emissions per passenger kilometer by 2035. This is intended to be achieved through the use of modern, fuel-efficient aircraft and investments in sustainable aviation fuels.

Additionally, easyJet is focusing on market expansion in Southern Europe and Eastern Europe to attract new customers and strengthen existing markets. This strategy will be supported by opening new routes and enhancing presence at strategically important airports.

Main Imported Materials: Aircraft fuel, aircraft parts, onboard catering

Countries of Origin:

• Aircraft fuel: Mainly from European refineries, especially from the Netherlands and Germany.
• Aircraft parts: Primarily from the USA and France, as many aircraft are from Airbus and Boeing.
• Onboard catering: Various European countries, depending on catering partners and specific routes.

easyJet plc, as one of the leading low-cost airlines in Europe, mainly imports aircraft fuel, aircraft parts, and onboard catering. The fuel is often sourced from nearby European refineries to optimize logistics and reduce costs. Aircraft parts mainly come from the major manufacturers Airbus and Boeing, based in France and the USA. Onboard catering is provided by various catering partners, with the countries of origin varying depending on the route and provider.

Market share in Europe: approximately 8% (2024, estimate)
Cost structure: Lower operating costs compared to traditional airlines (2024)
Fleet age: Average of 8 years (2024)

easyJet plc has a significant competitive advantage due to its strong presence in the European low-cost carrier market. With an estimated market share of around 8% in Europe, easyJet is among the leading budget airlines, supported by an efficient cost structure and a relatively young fleet.

The low operating costs enable easyJet to offer competitive prices, which is particularly advantageous in a price-sensitive market segment. The average fleet age of 8 years contributes to efficiency, as newer aircraft generally require less maintenance and are more fuel-efficient.

In addition, easyJet benefits from strong brand awareness and an extensive route network connecting many key European cities. This makes the airline attractive to both business travelers and tourists.

Institutional Investor Share: approximately 60% (estimated for 2025)
Insider Buys/Sells: No significant insider transactions in the past months (2025)

The institutional investor share in easyJet plc traditionally stands at around 60%, indicating the trust of large investment firms in the company's long-term stability and growth potential. These investors include pension funds, investment funds, and other major financial institutions.

Regarding insider transactions, there have been no significant buys or sells in the past months, suggesting that the management and other insiders do not currently anticipate significant changes in the stock price. This could be a sign of stability, but it could also indicate the absence of short-term internal information that could significantly impact the market value.

Market share of easyJet: approximately 8% (2025, estimated)

Top competitors and their market shares:

1. Ryanair: approximately 16%
2. Lufthansa Group: approximately 14%
3. International Airlines Group (IAG): approximately 12%
4. Air France-KLM: approximately 11%
5. Wizz Air: approximately 9%
6. easyJet: approximately 8%
7. Turkish Airlines: approximately 7%
8. SAS Scandinavian Airlines: approximately 5%
9. Norwegian Air Shuttle: approximately 4%
10. Finnair: approximately 3%

Moat of easyJet:

easyJet has a moderate moat, mainly characterized by its strong presence in short-haul flights in Europe and its cost-efficient operational structure. The airline has gained a competitive advantage through strategic positioning at key European airports and a strong brand image.

In comparison to competitors, Ryanair has a stronger moat, particularly due to its extremely low operating costs and extensive route network. Lufthansa and IAG have a significant advantage with their comprehensive networks covering both short and long-haul flights, as well as their alliances and premium offerings.

Air France-KLM and Wizz Air also offer strong competitive advantages. Air France-KLM benefits from an extensive international network and a strong market presence in France and the Netherlands, while Wizz Air excels through aggressive expansion and low costs in Eastern Europe.

Overall, easyJet has a solid but not outstanding moat compared to its main competitors. The competitive advantage could be strengthened through further cost-cutting measures and expansion into new markets.

Revenue Growth: 8% (2024) Passenger Growth: 5% (2024) Capacity Utilization: 87% (2024)

easyJet plc recorded a revenue growth of 8% in 2024, attributed to a recovery in travel demand and increased interest in affordable air travel. Passenger growth was at 5%, indicating that the airline successfully maintained its market position in European short-haul travel.

The 87% capacity utilization suggests that easyJet is efficiently utilizing its fleet and that demand for its services is stable. This is a positive sign for operational efficiency and the company's ability to control costs.

Overall, easyJet shows signs of a stable recovery and expansion, potentially making it an attractive investment. Long-term prospects could be further strengthened by continued recovery in travel demand and strategic cost-efficiency initiatives. However, investors should also consider macroeconomic factors and potential risks in the aviation sector.

Dividend yield: 3.2% (estimated 2025)
Dividend history: Resumption of dividend payments in 2024

easyJet plc resumed dividend payments in 2024 after they were suspended during the COVID-19 pandemic. The estimated dividend yield for 2025 is around 3.2%.

The reliability of dividend payments depends on several factors, including the financial recovery of the airline after the pandemic, revenue stability, and the ability to control operating costs. Given the resumed payments and current market conditions, easyJet's dividend policy appears relatively stable, but investors should continue to closely monitor economic conditions and corporate developments.