Easyjet Share Discussion Threads

[joestalin] 19/4/2021 15:41

I have discovered that Easyjet operates to Aldergrove, Belfast airport - which is not very near to Belfast. It is actually a short bus ride from Antrim centre. From there you can get an hourly train service to Colereaine, and then another bus to the Giant's Causeway. It seems that you could go there from many english airports on a day trip.

[npp62] 19/4/2021 10:04

Sad but I agree...

[cashandcard] 19/4/2021 09:46

Balance Sheet & Liquidity easyJet has taken swift and decisive action successfully raising over GBP5.5 billion in liquidity since the beginning of the pandemic(1) , from a diversified range of funding sources. In March easyJet's subsidiary easyJet FinCo B.V. issued a EUR1.2 billion bond under our Euro Medium Term Note (EMTN) programme. The bond matures in March 2028 and has a coupon of 1.875%. There was good market appetite for the bond, which was heavily oversubscribed. easyJet continues to maintain access to a diverse range of funding sources and continues to review its debt maturity profile. As at 31 March 2021 easyJet has unrestricted access to c.GBP2.9 billion of liquidity, comprising cash and cash equivalents, money market funds, money market deposits plus the undrawn portion of the UKEF facility. The first GBP300 million tranche of easyJet's borrowings from the CCFF was repaid in March 2021 and the remaining GBP300 million is due in November 2021. easyJet has no other debt maturities outstanding until FY 2023. We retain ownership of 56% of the total fleet, with 41% unencumbered. Sale and leaseback transactions on 23 aircraft were concluded during H2 2020, raising GBP608 million gross proceeds and adding c.GBP50 million to pro forma per annum headline costs. During H1 2021 transactions were concluded on 35 aircraft, raising GBP842 million gross proceeds and adding a further c.GBP90 million to pro forma per annum headline costs. As previously indicated, easyJet will continue to review its liquidity position on a regular basis and will continue to assess further funding opportunities.

[gettingrichslow] 19/4/2021 09:25

NPP, not more than a few months is the simple answer. Summer is, in effect, mainly cancelled again this year. And I bet the ski season will be toast too due to new variants of concern etc etc.

[npp62] 18/4/2021 21:20

Just as a matter of interest.. I hear that EasyJet had saved a 'war chest' of... £1B ?? I could well be wrong with the amount.. But if that's true, have they burnt through it yet? It's not looking likely we're going abroad for holidays this side of..., September/ October?? (Just a guess) and if that's the case, how long will all the big airlines last without a significant financial crutch? Plenty of leased aircraft which still need to be paid for... I don't hold EasyJet (at the moment) and I don't short anything... I'm just interested in sensible thoughts / answers to the above

[chiefbrody] 16/4/2021 17:44

I'll be spending plenty of time in the UK mountains this year.I do resent the government telling me its illegal to travel overseas though.If Boris was upfront about banning us all from travel (to help the UK Economy) then he would get more respect.As it is, the Kim jong-un wannabe can go to hell.

[joestalin] 16/4/2021 16:43

Yes. They may even discover that they like the place. I am off to the Yorkshire Dales this summer. Maybe there should be more scheduled services up and down the UK.

[gettingrichslow] 16/4/2021 16:33

There is no better way of starting to rebuild the UK economy than getting tens of millions of Brits to splash their cash in the UK rather than overseas for another summer. There is no way this will be a good summer for airlines. The government have no incentive other than to keep Brits on our island.

[chiefbrody] 16/4/2021 12:19

Really?I had my finger on the sell earlier lol.This summer could well be a disaster (our government does not want people taking overseas holidays - simple as) so I'm half expecting another mega crash before then eventual recovery to decent levels (1500p) next year.Bureaucratic nightmare coming having to refund millions of flights again.

[bear magnet] 16/4/2021 10:32

This is getting ready for another upswing now. 1300 incoming in the next few weeks.

[1224saj] 15/4/2021 16:00

1% swing in 3 mins MM's having a bit of fun, a- -se holes

[activeservo] 14/4/2021 11:54

RNS: "this summer."

[loganair] 09/4/2021 17:41

Just for general info - Boeing's 737 Max plane has a new issue, and 16 airlines are being told to ground planes. The company said Friday that some of the planes are facing "a potential electrical issue." As a result, the plane maker recommended 16 airlines immediately ground their affected models so the issue can be resolved. Southwest Airlines, United, and American Airlines confirmed separately that they're impacted. 30 planes owned by Southwest, 17 owned by American, and 16 owned by United were impacted, the companies said. Boeing's 737 has been in production since the late '60s, but the most recent model - the 737 Max - has been notoriously problem-riddled.

[joestalin] 09/4/2021 12:40

Cunard are being creative:- "Escape the everyday with a scenic cruise of Britain’s coast on board Queen Victoria. Departing from Southampton, you’ll enjoy uninterrupted sailing around England, Ireland and Scotland from the comfort of your ship, with endless time to unwind as you voyage." Why can EZJ not come up with a similar initiative?

[donald t] 08/4/2021 22:31

We need to stay in doors! We need to closedown! We need to stay in lockdown in order to protect The NHS!

[asadme] 08/4/2021 21:05

https://www.youtube.com/watch?v=J4QpG9BThhk

[1crackupboom] 08/4/2021 07:29

Crazy if they don't raise cash at this temporary high.

[bigbigdave] 08/4/2021 06:57

Exclusive: Britain will achieve herd immunity on Monday UCL modelling says number of people with protection either through vaccination or previous infection will hit 73.4 per cent on April 12 Https://www.telegraph.co.uk/news/2021/04/07/exclusive-britain-will-pass-covid-herd-immunity-threshold-monday/

[1crackupboom] 08/4/2021 00:05

Easy to announce more job cuts? Or hold while govt pays everyone's wages?

[chiefbrody] 06/4/2021 10:44

Expected a massive fall today but clearly traders are more optimistic than me over summer holidays. Boris clearly does not want them.

[loganair] 06/4/2021 10:21

The French Government take a 30% stake in Air France/KLM with the Dutch Governments deal still to be done which will most probably be them also staking a stake in the airline.

[amt] 06/4/2021 07:19

Optimism dashed again yesterday. The cost of tests will often exceed the cost of the flight even when things open up a bit in July and August.

[activeservo] 02/4/2021 16:31

Damn, I had my heart set on a foreign holiday in Bangladesh!

[loganair] 31/3/2021 08:30

New cabin bag policy for travel from 10th February 2021: We’ve made some changes to our cabin bag policy to help improve boarding and punctuality and give customers certainty of what they are allowed to bring on board. For all travel from 10th February 2021, the seat you've booked will determine what bags you are able to bring on board. Everyone can take one small cabin bag per person on board (maximum size 45 x 36 x 20cm, including any handles or wheels), which must fit under the seat in front of you. Cabin baggage down to the old Flybe size, another reason for not flying EasyJet again. During Covid Easyjet stopped flying out of my local airport on all routes, at least Loganair have kept services going. In future when things return to some sort of normality I can see myself flying Loganair to either Manchester or Heathrow then taking an airline that treats its passengers better for the onward journey to my final destination.

[chiefbrody] 30/3/2021 16:46

Pleasantly Surprised by the strength. Expecting bad news from Boris next week but long term no probs.