H2 profit I expect to be close to £1bn @ £966m. Annual profit around £616m up from £455m last year.
H1 accounted for £61m improvement.
Q3 £33m improvement.
That requires a £67m Q4 step up from the record Q4 last year. I believe the bulk of that can be achieved through a drop in cancellations and the rest through the 7-8% increase in traffic especially from Birmingham with around 15% of seats being easyjet holidays seats.
I Think that the holidays business will exceed the increased target of £180m. I think £185-195m is possible.
As the management team has said and will again it's a major step towards the £1bn profit target.
Year on year we'll see as a percentage the holiday business eating into capacity. This year around 6% of seats will be holiday seats. Amongst the up gauging of aircraft scheduled 15-20% is very achievable. Beyond 12% the holiday business is more profitable than the airline. |
Ryanair the big winners there. |
Oil prices sharply lower tonight |
Well I sold out this morning, gained a small profit here.
Did the same with IAG, with a bigger profit.
Gla |
noramping. Nobody wrote that EZJ would make one billion this year. You invented that out of thin air. |
Mano I am not hugely bothered if they stay in the 100 or not. It's quite apparent that the whole market lacks investors and easyJet need to find a more affluent environment.
I don't see any difference between the 100 and 250. Certainly since promotion we have seen lower volume. |
Another good week with no disruption. This weekend we have the Portuguese baggage handlers strike action but the impact will be limited. The court decision has been made on the extent of action and it will be inconvenient over the weekend.
Largely this year has seen very little disruption that has hit profits. I suspect that 5-10% is built in the projected numbers.
Easyjet will be taking Brits back to the misery of the UK for the next week or so. Premium prices heading north.
The next wave are the retired and DINKYs |
Who believes this will be on the ftse100 in this year?? |
Amp, so you are agreeing with me stating they won’t make a billion this financial year, im not misquoting anyone, nobody knows what profits will be this year never mind next year or the year after. |
I think that I read somewhere from the incoming boss that it's projected to 2028. Adding £150m profit a year is achievable.
They made big progress over the winter but getting Q1 to profit is the priority. Q2 minimising loss. This is where the potential is for growth. The summer is just about getting more on holidays bookings rather than flight only. |
Noramping, well maybe the 1 billion medium target won't be met but please don't misquote or distort what other posters are writing.
Your post implies 1 billion is expected in the near term, its not, its a medium term target ie 2 or 3 years. |
For the full year £1bn profits will not be made, but just keep saying it as when you are wrong then you will look even more stupid.
It got a free ride yesterday based upon Ryanair news, but on the opposite it dropped recently due to Ryanair.
As ever jam tomorrow, how many times has that been said on share bullitin boards. |
In order to reach £1bn profit the holiday business would need to provide around £400m. This year I believe that they will exceed guidance that was lifted to £180m from 170m. I suspect £185-195m is likely given the lack of disruption and cancellation over the peak period.
Winter 25 will be a big step up for easyJet with massive winter schedules to the Canaries and North Africa. Many of those seats will be holiday business.
So broadly over the year 12-15% of seats flown need to be easyJet holidays to achieve £400m profit. This year I suspect that between 5 and 6% were package business.
I believe that they can have up to 30% committed to holiday business already in the aircraft delivery schedule.
The holiday business is disproportionately profitable by a factor of 10. |
Thank you Paleje |
Nonramping. Ham... made it very clear the 1 billion was a medium term target.
I thought his post was very interesting.
Either Ryanair is overvalued or EZY undervalued |
That'd the most ironic post I've ever seen. |
GSW, in addition to last post the travel sector was lifted as Ryanair upgraded its summer air fare outlook. Ryanair rose 4.6pc, while easyJet and Wizz Air respectively gained 6.9pc and 5.2pc. |
GSW …no it wasn’t tipped but Ryanair boss O’Leary changed his tune about summer air fares dropping by 10%, now expecting 5%. But EZJ didn’t report any anticipated dip anyway, the market simply got it wrong. |
Sky suggesting these will drop out of FTSE100 next rebalance. |
https://www.tradingview.com/symbols/LSE-EZJ/forecast/Considering current share price is 478p, 19 analysts offering 1 year forecasts have min 480p, average 652p and high 850p.I agree with them currently easyjet is very undervalued. Maybe, from today's share price action this is finally being understood at last. Surprised didn't happen after last set of results. |
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