EZJ ETF

EasyJet share price has moved sideways in the past few weeks as it continued to underperform other airlines like United Airlines and IAG, the parent company of British Airways. The EZJ stock was trading at 542p, up by 95% from its lowest level in 2023.

EasyJet (EZJ) share price has crawled back this month after going through substantial turbulence between April and August 10, when it slumped by over 31%. It has rebounded by 26% and was trading at 513p as most airline stocks recovered.

An easyJet PLC (LSE:EZJ) plane flying to Gatwick from Corfu had to be diverted to Rome to get treatment for two cabin crew injured when the flight hit ‘extreme turbulence”. In scenes reminiscent of a Singapore Airlines flight in May when one passenger was killed, passengers on the easyJet flight said the crew were hurled against the side of the aircraft when it suddenly dropped.

Third-quarter results from easyJet PLC (easyJet PLC (LSE:EZJ)) may reassure investors after the warning from rival Ryanair earlier in the week, with the orange-branded budget airline's profits rising and summer bookings up year on year.  Johan Lundgren said, "we remain on track to deliver another record-breaking summer, taking us a step closer to our medium term targets".