In this article we're running easyJet and Jet2 through our AI-powered screening systems to see which company looks more robust and likely to deliver for shareholders over the rest of the year. The next few months will be a critical time for airlines as they seek to capitalise as much as possible on summer holiday routes.
easyJet [LON:EZJ] shares have had a relatively good six months of it, but have come off a recent peak of 587p to trade at 539p on Tuesday's close in London. The shares don't seem able to break across the significant 600p resistance level, which they have flirted with twice in the last 12 months.
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Jet2 [LON:JET2] shares are up a respectable 14% over the last six months. If you bought Jet2 this time last year, you'd be sitting on a return of 38%. That looks better than the +18% from easyJet. That said, the market seems to like discount European airlines at the moment while some of the bigger long haul names keep getting punished. There seems more scope for airlines to compete on price in the regional space.
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