EasyJet: soon to return to FTSE 100 index

(CercleFinance.com) - FTSE Russell announced last night that the easyJet share would soon return to the FTSE 100 index, which it left in 2020, at the height of the Covid pandemic.


The low-cost airline will take the place of mining group Endeavour, which is to be removed from the London Stock Exchange's flagship index.

Conversely, easyJet's share price will leave the FTSE 250 index of UK mid-caps, to be replaced by Endeavour Mining.

The carrier left the FTSE 100 index in June 2020, during a bleak period for the company as it racked up losses, cut staff and had to raise funds due to the impact of the coronavirus crisis on the travel sector.

Although the share price has recovered almost 12% since the beginning of the year, and has risen by 35% over the last three months, it is still 64% below its pre-coronavirus levels.


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