Low-cost carrier easyJet (LSE: EZJ) is on track to enter the FTSE 100 following a rally of over 9% so far this year, according to provisional index changes announced by FTSE Russell late on Tuesday. The airline is set to replace gold miner Endeavour Mining in the blue-chip index.
The changes will be finalised on February 28 using share price data from the prior day’s market close.
Endeavour is expected to move to the FTSE 250 mid-cap index, along with facilities management group Kier and logistics company Wincanton.
Read More News:
Glencore halves earnings as commodity prices fall
Exiting the FTSE 250 are likely to be renewable infrastructure fund Octopus and European warehouse owner Tritax EuroBox.
easyJet’s ascension to the FTSE 100 caps a turnaround for the airline after passenger traffic was hammered during pandemic lockdowns. With travel demand rebounding, its shares have climbed over 31% in the past six months.
