Easyjet Share Discussion Threads

[amt] 28/11/2023 07:42

Pe ratio of 6 seems low when profits could double within the next 2 or 3 years.

[doobz] 28/11/2023 07:39

500+ by Jan, couldn’t ask for much more in those results really.

[pinemartin9] 28/11/2023 07:20

Damn it. I wanted to take a spread out on these for a Christmas play. Great results. This should push it up to 4.50 plus.

[sapphireblue1] 28/11/2023 07:13

Many positives and just a couple of grey areas. Good to see that the Israeli invasion of Gaza has only caused very localised issues. It's a very small part of the business.
This management are clearly flagging chunky growth this year despite Q1 expected flat

[bigbigdave] 28/11/2023 07:09

Record H2 profit before tax despite challenging external operating environment

- FY23 headline profit before tax of £455 million (£633 million year on year improvement)

- easyJet holidays profits grew 221%, delivering £122 million profit before tax

· Positive outlook for FY24

- October RPS +12% (Q1 RPS expected to be ahead YoY despite being impacted by Middle East conflict)

- Q2 to Q4 RPS all ahead YoY

- H1 CPS ex fuel to be broadly flat YoY

- easyJet holidays expected to grow >35% in FY24 with ASP up high single digits

· Remain on track to deliver disciplined growth of c.9% in FY24

- H1'24 c. 42m seats, +11% YoY

- H2'24 c. 59m seats, +8% YoY

· Financial strength

- £41 million net cash with £4.7 billion liquidity

- BBB/Baa3 credit ratings, both with positive outlook

· Dividends reinstated

- 4.5p per share payable in early 2024

- Expect pay out to increase to 20% of headline PAT on FY24's result

- Potential to increase level of future returns to be assessed over the coming years

[sapphireblue1] 27/11/2023 17:25

noramping yes I did see it. I would like it to not be absolutely at the bottom of the range £440 million and £460 million. I see £450m+ as positive for the current expectation. It's quite a large range but on 12th October many costs would be estimated

[noramping] 27/11/2023 15:52

Sapphire, they did a trading update last month, the results will be within the ranges reported then.

[peddlers] 27/11/2023 15:32

Added a few at 404.5 this afternoon.
I'll soon find out if it was worth it 🙂

P

[sapphireblue1] 27/11/2023 15:21

Predictable weakness before results.
I am hoping for profit mid guidance, dividend confirmed, strong start to Q1. 2024 bookings ahead of last year.

[onehanded] 27/11/2023 14:42

Record profits inbound. Saudis gossip! Wait and see.

[sapphireblue1] 27/11/2023 11:24

I think from memory it's around 92% of the capacity. However it's very clear that the unit price is now much higher so even if they achieve less sales they can secure more revenue.
They definitely don't change flights for the weather but they do change the price to reflect many factors like demand, events in at the location. As a simple example where a airport city has a marathon the price from release is much higher for the days before and after. They know that several thousand foreign runners will want to travel with almost no flexibility on dates.

[noramping] 27/11/2023 10:09

Well done loss-leader, so EZJ looks at the weather forecast to put on extra flights?

Does EZJ have an issue with filling scheduled flights up? I assume their empty seat ratio is very low anyhow just like all the low cost flyers.

Other point by others such as fuel price coming down does have more effect on the bottom line.

[sapphireblue1] 27/11/2023 08:20

Perfect environment for easyJet shares. Oil price gently falling, stability forecast in 24. No Volcano, no Chinese germs- just common seasonal virus. Even the pesky French Air Traffic Controllers are being neutralised by the new law where they have to give notice.

It's now or never for this share to gain serious traction

[sapphireblue1] 26/11/2023 12:58

Summer hotel bookings are strong for us in Southern Spain and Malta, just starting for Greece and Italy. Lots of press speculation about the climate in Southern Europe after a very dry summer and less than 1% of the normal September and October rain. The theory being that holiday makers would look further North. Not from what I am seeing.
These are lean times for Hotels with higher flight prices squeezing budgets but we still have strong demand. Our room rates are exactly as last year and we are offering extra discount on+7day stays. Competition from Airbnb providers has been fierce but so far we have maintained market share.
We monitor "real" flight prices as part of our management strategy and we are seeing substantial increases across the board on this time last year.
I don't know if that equates to more volume or just a higher base price.

[loss-leader] 25/11/2023 18:04

Early snow in the Alps leads resorts to open early. Good news for EZY if they can handle the extra demand. LL

[blackhorse23] 24/11/2023 08:34

Money moving to PFC , out from airlines just now lol

[sapphireblue1] 24/11/2023 06:00

I have seen a couple of similar articles. The point that they all miss is the importance winter performance. They always point to the almost inevitable final quarter but H1 is where they can set up for a big win.
T
If H1 can slash the expected loses then we can feel very confident that the numbers next year will be strong.
Looking at the current price quotes 2 weeks in advance gives us a good Idea that they have substantial traction in the marketplace and despite the failure of the UK economy people are still spending.

[sapphireblue1] 23/11/2023 10:51

I guess then to apply that logic it only went up because it went down a bit before. Ultimately it will go up and down as people perceive it cheap or expensive within their means and risk profile. I think that it's come off of the recent high because results are looming. The release of numbers demonstrating a strong recovery prompted a significant drop. I guess that the confirmation and exact numbers demonstrating a strong recovery may do the same.
Well at least that maybe how some see it.

[peddlers] 23/11/2023 10:36

I'm holding.
The price was always going to fall back a bit.
I am intending to add more with a buy order in place at the moment.
Hopefully it will be triggered as I would like to increase my exposure here.

P

[kktj] 23/11/2023 10:19

Building into inverted H&S pattern - similar to one between May'22 and Jan'23, but still struggling to break the downtrend from May'23.

[sapphireblue1] 23/11/2023 08:31

Strong results from Jet2 and very positive into winter. Prices have increased, profit has increased, summer 24 capacity increased. Interim dividend increased.
Easyjet has much more exposure to the plus winter situation with Jet2 more focused on the sunshine destinations.
I think that we can expect post period positives from easyJet next week and a positive view of current trading.
Yes the UK economy is destroyed by many things but from the ashes easyJet are building a premium business within the budget sector. Adding value through easyJet holidays and (hopefully) avoiding the snakes whilst climbing the ladders.

[bigjock36] 22/11/2023 13:51

Jet2Results should be good tomorrow hopefully bounce the sector up

[sapphireblue1] 22/11/2023 13:22

The visibility here is huge compared to most listed companies.
I regularly perform a two week test price on Athens London,Malta London and Rome London to check the prices. These places are where my business has hotel interests.
The Athens to London is €70/90
Malta to London €50/80 and Rome to London €80/200. These prices for the base product are much higher than this time last year.2 weeks is a reliable measure in my opinion. This suggests a volume of bookings although not sold out yet.

[sapphireblue1] 22/11/2023 12:34

It must be their H1 results to September end. A strong post period trading statement would reflect well on easyJet.
I think that easyJet holidays are set for a huge summer 24. I know several people from the UK who have booked for next year.
Easyjet holidays are only available from UK airports. I wonder if they are considering other markets as their could be huge potential growth from expanding this winner

[seroserio] 22/11/2023 10:54

JET2 results tomorrow. Althought differing businesses, may give some indications.