ProShares Ultra MSCI Japan

EZJ

Market cap $14.1M

The FTSE 100 Index wavered this week as investors reacted to the geopolitical developments between the UK and the US. It was trading at £10,150, a few points below the all-time high of £10,260.

Investors in the orange airline ought to feel despondent with the easyJet share price going no where since the turn of the pandemic. Worse still, the stock is down an eye-watering 18.4% this year.

The easyJet share price (LON:EZJ) has faced further turbulence after a solid Q3 update was overshadowed by a drop in the airline's near-term outlook. Consequently, the stock has dipped back below 500p – but there's reason to believe the shares can fly again.

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The EasyJet share price faced turbulence on Thursday after the company published weaker-than-expected earnings. It plunged to a low of 480p, its lowest level since April 24, and 18% below the highest level this year.

easyJet shares (LON:EZJ) have had a turbulent past couple of weeks due to the conflict in the Middle East. Given the geopolitical instability in the region, it's worth assessing whether the stock is still worth buying.

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.

Airline stocks listed on the London Stock Exchange (LSE) have tumbled this week. International Consolidated Airline (LON: IAG) and EasyJet (LON: EZJ) shares have crashed to their lowest levels in weeks.

Budget airline easyJet has announced that chief executive Johan Lundgren will leave the business, spooking investors and sending the airline's shares sharply lower.