Image source: easyJet plc
Everybody loves to see a business performing well, especially during a time of slow market growth. While the FTSE 250 isn’t doing too badly (up 11% in the past three months), one company in particular is far ahead of the competition. But rapid, extended growth is not always a good thing, often preceding a correction that sees the share price fall as quickly as it grew.
As the saying goes, ‘What goes up must come down.’
With that in mind, I’m taking a close look at the current leader of the FTSE 250 index, easyJet (LSE:EZJ). With a share price that’s up 33% in the past three months, the airline could be on route to reclaim its place in the FTSE 100.
A positive outlook for FY24
In its latest results for the twelve months ending 30 September 2023, easyJet revealed record summer performance. Profits for its holidays division were up 221%, bringing its pre-tax headline…
