Easyjet Share Discussion Threads

[noramping] 14/8/2024 15:07

Sapphire ramping again, shameful.

On a side note I’ve been to central Manchester today, it was packed so obviously I can conclude a good percentage of people got to Manchester using easyJet 😄

[sapphireblue1] 14/8/2024 10:54

Phil in reality talking about the commercial activity what does the Israeli aggression have to do with it. Yes it affects the market but certainly won't stop anyone booking a winter holiday even to Egypt. People are immediately shocked but quickly adapt.They were with Ukraine now I know people going to Ukraine for dental work. One of our waiters is going for a hair transplant. The hospital is 100kms from the eastern front.
People are resilient and adapt quickly.
I am not interested in the ebb and flow the fear and greed of traders. I trust in the fundamentals, easyJet are on a record summer right now. The risks are strikes, widespread mechanical issues and natural events.
If the world ends what good is cash, history shows us the answer. Even gold, you can't eat it or burn it.
I don't include anything like that in my risk assessment.

[noramping] 14/8/2024 09:47

Halfpenny, you are looking at the graph upside down 😀

[philmac56] 14/8/2024 09:31

Halfpenny,
As long as the unrest in the m E don't get worse, & Putin doesn't flip his lid

[halfpenny] 14/8/2024 08:37

Sumner sales growing beyond expectations..

Higher Highs to come..
Happy Days Ahead....be Patient

[sapphireblue1] 13/8/2024 13:57

Massive year for Mijas Costa. Booming. A big chunk of this is easyJet and easyJet holidays.

[ttny2004] 12/8/2024 08:44

More upside if 19 analysts one year forecasts can be believedAverage 652p (47% increase)Min 480p (8% increase)Max 850p (92% increase)https://www.tradingview.com/symbols/LSE-EZJ/forecast/

[sapphireblue1] 12/8/2024 06:58

Another minor issues weekend for easyJet. Next weekend they have the cancellations for the flights from Portugal. All within the time and refunded, no compensation. Flights to Portugal not originating in Portugal all attracting a premium on the seats remaining that was very few.
Whilst annoying for passengers the impact on easyjet is minimal.
So far this year disruption events have resulted in delays and isolated cancellations with no compensation. A big improvement on last year.

[dancing piranha] 09/8/2024 19:44

Should be £5+ by Xmas, be patient!

[trying2trade] 09/8/2024 14:02

People not being able to take a suitcase free of charge is now a good thing for pax according to sapphire.I truly am astounded by what comes from this account, it cannot be a serious person. It serves the airline as a great benefit, I'm sure they've done their maths on it. But it is in no way a win for passengers. Least of all those who only take hand luggage who will now be forced to fight for space in the cabin.

[sapphireblue1] 09/8/2024 13:30

Tom Screen, aviation director at Birmingham Airport, said: 'easyJet and easyJet holidays have had an incredible start since launching the airline's new base from Birmingham Airport only this March.
This new route to Hurghada takes the choice of destinations up to 33 for customers from their local airport, with a choice of flight only, or full package holidays, there is something for everyone.'

Massive take up for us from Birmingham. Considering the number of seats flown against the south east airports I can well believe easyjet when they say 15% of Birmingham seats are easyJet holidays. The average will be 5-6% this year.

[sapphireblue1] 09/8/2024 13:24

I don't see why it's a blow to travellers. Who would want a compulsory 23kg hold allowance on a city break. Clearly they introduce more choice which is the hallmark of good service.
Mostly these are short duration, why would anyone want their bag in the hold then waiting on the airport both ends to deal with the check in of luggage.
Another good news story from easyjet

[trying2trade] 09/8/2024 11:57

Currently and under supply of aircraft to the market, if you think Jet2 and Ryanair are reporting pricing pressures this year just you wait until wizz have all theirs back online and the max delivery rate picks back up. Someone in the industry is going to get squeezed out and the rest are going to suffer until one falls.

[sapphireblue1] 09/8/2024 10:28

£5 is a derisory valuation given the quality and positioning of the business. Buy the airline get the holiday business free....

[onehanded] 09/8/2024 09:50

£5 calling… all aboard lol

[sapphireblue1] 09/8/2024 09:14

However when it comes to standalone airlines easyjet are best placed. New bases and routes, no aircraft availability issues and a strong brand loyalty.
However that's not the growth market. Easyjet holidays showing massive growth, target upped by £10m already and that will be exceeded if disruption remains historically low
Nearly half way through and they are 3-4 days ahead of last year. With zero total loss days so far and no compensation events.

[weemonkey] 09/8/2024 09:07

Whole travel sector getting a a lift today.

Not sure it is anything specific. The whole sector is flashing "cheap" at the moment. Especially Easyjet.

Currently on a forward PE of 6 (lowest ever rating)

[sapphireblue1] 09/8/2024 08:26

Absolutely how it is in Southern Europe. Hotels and packages are having a boom. Easyjet holidays are at the sweet spot at exactly the right time.
Ryanair are the favourite of the DIY holidaymaker. They are suffering the same commercial experience.
As it turns out people prefer to buy everything that they need for one price that they can see clearly displayed. I guess that's a sign of the hard times the UK faces.

[noramping] 08/8/2024 15:11

So £2m gain :)

[wallywoo] 08/8/2024 11:37

Go to the Q3 results Scroll down to;


Cash and money market deposits (£'bn)

£3.7B up from £3.1B 1 year ago


It is listed there. It is not the net cash figure (of £456m), but the physical actual cash figure on the money markets. Ezj have debt in the form of leasehold planes (just under half are leased, the rest owned). They even state the big effects this cash is having;

"Financing costs benefitted from a decrease in gross debt and a higher interest rate on floating-rate cash deposits. Foreign exchange movements over the period resulted in a non-operational, non-cash FX gain of £2 million from balance sheet revaluations."

[noramping] 08/8/2024 09:29

Wally, link in where you get the cash balance EZJ has, me thinks you are telling porkies.

[wallywoo] 08/8/2024 07:27

At some point in the next few months this will rerate imho.


Don't really care when, since it should be soon.


The main reasons I bgt in between 420 -450 is cash. Easyjet has a historically huge money market balance now (£3.7B at Q3, compared with £1.5B before lockdown in 2019 when the shares were 900p), with gross debt much lower. The money market interest rates are bigger now than for 20 years. So ignoring the core business this alone is worth a share price rerate, imo. The cash is growing at a fast rate now and gives Ezj a huge advantage over the competition.

Should be trading at 600p+ for this reason alone imho.