Easyjet Share Discussion Threads

[nigelpm] 06/2/2017 07:21

It finally happened eh qp? Been a long time coming.

[quepassa] 06/2/2017 07:16

Dear , Oh dear, Oh dear.

RyanAir 3Q. Today.

More evidence of just how tough, difficult and unforgiving the sectoral operating environment was, is and will remain.

Extracts:-

1.
Outlook

Our outlook for the remainder of FY17 is cautious. With less than 2 months of the year to go, and no Easter in March, we expect Q4 yields to decline by as much as -15%.

2.
Looking out into FY18, we are still finalising our budget but it seems clear that pricing will continue to be challenging and we will respond to these adverse market conditions with strong traffic growth and lower unit costs.

3.
Brexit:

While it appears that we are heading for a "hard" Brexit, there is still significant uncertainty in relation to what exactly this will entail. This uncertainty will continue to represent a challenge for our business for the remainder of FY17 and FY18.

4.
Ryanair's CEO Michael O'Leary said:

"As previously guided, our fares this winter have fallen sharply as Ryanair continues to grow traffic and load factors strongly in many European markets. These falling yields were exacerbated by the sharp decline in Sterling following the Brexit vote.

5.
We expect the uncertainty post Brexit, weaker Sterling and the switch of charter capacity from Turkey, Egypt and North Africa into Spain and Portugal, will continue to put downward pressure on pricing for the remainder of this year and FY18.





The operating environment in the European short-haul sector looks bleaker and bleaker.

ALL IMO. DYOR.
QP

[tlobs2] 06/2/2017 07:16

Really good performance. A very good start to the day :-)

[reallyrich] 06/2/2017 07:13

Great Rns. Passenger nunbers up 11% and also.load factor.

Should be a blue day

[andy pipkin] 05/2/2017 17:51

another tslob basket case in the making here, with revenues, profits and the dividend all set for savage cuts this year imo.

[tlobs2] 05/2/2017 14:06

LOL, you know that there is a saddo out there when they vote down a post relating to something positive out in the news for the travel industry.


A complete and utter muppet.

[ccr1958] 03/2/2017 13:02

All other Airlines operating in Europe aspire to the EZJ model !!

[alex1621] 03/2/2017 12:21

The Daily Mail just published some facts about air travel. Here's one to ponder:"Only five per cent of the world's population has ever been on an aeroplane"I wonder what the percentage will be in 5, 10, 20 years time? I assume that more people will be flying. I guess EasyJet might have a long term future after all?

[myun] 03/2/2017 08:43

Hopefully is going to be a better day today

[reallyrich] 03/2/2017 07:12

Hopefully the January passenger update from Ryanair will help EasyJet get a leg up

[frazboy] 02/2/2017 16:06

I have in the past learnt that some posters are worth listening to, and i still occassionally get useful ideas/tips but I find it annoying when people post tripe which seems credible to the unwary, and that unsettles other holders particularly those new to the game. But i guess that's what makes a market - it takes all sorts

[alex1621] 02/2/2017 15:58

I suspect he might indeed be short? I quite enjoy the banter on bulletin boards but to be frank I don't think they serve investors well ... a bad habit that I think I'll now drop!

[jonesy2222] 02/2/2017 15:34

QP ARE SHORT BY ANY CHANCE

[frazboy] 02/2/2017 15:03

Thanks for that Alex, I dug out the paper, it effectively states that the impact of deletion from the index is negligible

[alex1621] 02/2/2017 13:36

Simon Thompson from Investors Chronicle wrote a book about this type of thing. I'll quote him:"Laggards in the ft set 100 to bounce back in value after their expulsion from the index"He cites a few academic papers to back it up. A quote from one:Professor J Dahya ... "deletions to the index are associated with a negative price response, which is fully reversed over a 120 day period after news of removal from the index"So, for long term holders it recovers, and for traders it presents a buying opportunity.Nothing to get your knickers in a twist over.

[dmf] 02/2/2017 12:30

That is the case with any share ................is it not?

[quepassa] 02/2/2017 11:04

They all came together.

FTSE inclusion most certainly stimulated sentiment which coincided with a highly favourable operating environment.

QP

[frazboy] 02/2/2017 10:49

It boomed because institutions (trackers) were forced to include EZJ, and for no other reason? It wasn't anything to do with the operating performance at that time, or market sentiment? Is that what you're saying?

[quepassa] 02/2/2017 10:31

Fraz,

I follow FTSE Quarterly relegations/promotions very closely. This can have a big impact on sp's.


You may recall that the EZJ share price BOOMED after it gained entry to this elite status some 4/5 years ago due to institutions being forced to include EZJ in their trackers and sector weightings. It went, roughly speaking, from £8 to £18 in just a year.

We are not talking about the survivability of EasyJet which fundamentally is a good airline but we are talking about the impact of the absolutely dreadful operating environment due to excess capacity, new sector entrants. Brexit and many other external events.

ALL IMO. DYOR.
QP