The easyJet (LSE: EZJ) share price is on the up. It’s climbed 21.79% in the last month, even though the FTSE 250 fell in that time.
I’m thrilled because exactly one month ago I tipped the budget carrier as a “brilliant buying opportunity” for my portfolio. I shouldn’t feel too smug, though. History shows that easyJet shares could go anywhere from here.
easyJet caught my eye because I decided it had been oversold after a poor run. The board had posted a 16% increase in headline Q3 pre-tax profits to £236m on 24 July, which seemed pretty positive to me.
Can easyJet shares continue to climb?
Profits at the easyJet Holidays division rocketed 49% to £73m. Passenger numbers rose a steady 8%, although its key metric of revenue per seat edged up just 1%.
I decided investors weren’t buying the stock because of nervousness about the state of the economy in general, and the airline sector in…
