easyJet poised to join FTSE 100 as Endeavour exits

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.

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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.