Easyjet Share Discussion Threads

[1 pound here we come] 08/3/2020 16:18

There will be moments when enough fools believe their guff though, but as you can see from the chart above, not many!

[1 pound here we come] 08/3/2020 16:16

Who on earth is "Berenberg"?????

..the same people who correctly predicted this devastating crash presumably not lol.

No, quite, just another bunch of desperate longsters trying to get out at a higher price.

Pathetic, deceitful and of course, grossly irresponsible.

[bergster56] 08/3/2020 15:01

We are nowhere close to peak

[1 nhs] 08/3/2020 14:49

Here we go ( as predicted)

[1 pound here we come] 08/3/2020 14:10

If you are here to make money Taurus, then obviously you must short them. Why, it would be rude not to!

[taurusthebear] 08/3/2020 13:47

Short them, then! Doh...

Or are you just full of sh*t?

[1 pound here we come] 08/3/2020 12:56

I wouldn't touch an airline share tomorrow, with a barge pole.

You would have to be barking mad and grossly irresponsible to recommend such a thing at the moment.

[1 pound here we come] 08/3/2020 12:56

You are doing a fine job NHS. Keep it up - melt the foolish snowflakes and their fatuous arguments.

[1 nhs] 08/3/2020 12:44

Here we go, ( as predicted)

Stocks on the Tel Aviv Stock Exchange went into freefall Sunday with energy and infrastructure conglomerate Delek Group leading the rout, dropping by 35 percent at one point before recovering to -29% as the oil and gas sector took a pounding on weak demand as a result of coronavirus fears.

Israel’s national air carrier El Al was down 8% after reporting that it expected losses of $140-160 million in the period from January to April 2020 as a result of having had to close several routes due to the virus outbreak and reduced demand on other lines

[onjohn] 08/3/2020 08:01

There is going to be the quickest 50pc gain to be made here

[taurusthebear] 08/3/2020 04:21

My Ryanair flight to Rome has been confirmed. What bliss without the hordes. :0)

[1 pound here we come] 08/3/2020 01:35

I blame Greta.

[bellesimo1] 07/3/2020 21:26

And the decline of passengers will result airport staff will be cut or unpaid leave.either way share price will go down until the vaccine 💉 tested and ready 2020 will be in history for next 80 years 1929 all over again.i hope not

[bellesimo1] 07/3/2020 21:20

I’m the nature of my work I do... talking to staff doesn’t look good for next 3 months,not just easyjet Alitalia British airways Ryanair Lufthansa Iberia jet2 Air France and many more airline will suffer

[dr_smith] 07/3/2020 17:26

From what I've seen in media, flybe will be missed, no competitor/alternative present at a number of regional airports (e.g. South West UK), so not clear if EZJ different locations are seen as a substitute by affected customers.

I've also read flybe had (too) aggresive expansion campaign and some routes didn't have the volume, or had yet to be built up.

Reading between lines it seems similar to buses where busy urban routes are competitive but provincial less so, possibly loss making, more of a community service, so my expectation is likes of EZJ will only take over flybe routes if numbers stack up on passenger volumes.

IMO
Dave

[loganair] 07/3/2020 16:56

As from next week Easyjet was due to cancel some of its UK domestic flights due to reduced bookings due to the coronavirus.

Because of the collapse of Flybe, I'm wondering if this is no longer going to happen now.

[1 nhs] 07/3/2020 16:49

What are you on.?

The fear factor alone, will chop flying by 10% if the virus went tomorrow.

Business flyers now worked out they can use the web and are in dire financial straights

Another 20%

That will see 4 years of straight losses alone

[dr_smith] 07/3/2020 16:15

Picking up on detail from rns on CV:

i) "in Northern Italy, we have seen a significant softening of demand "

To me softening, implies not drastic.. but still significant, say 30%.

ii)"we are also seeing some slower demand across our other European markets."

My finger in the air say 20%, as "slower" qualified by "some" so literally means some not across the board.

With those not as low as 20% down, they can offset N.Italy for an average of say 20% down.

In Northern Italy, as well as being a CV focus, it is a hub for ski holidays, and we are at end of season. I didn't go this year, haven't been watching snow reports, but usually end of main ski season is around now, maybe before with global warming, so not clear if the statement has factored this seasonal downturn in.

How long will this last? Say 4-8 weeks is as good a guess as any, could be more or less but for a rule of thumb.

Lets say 8 weeks plus say 5 weeks slready impacted = 13 weeks (1/4 year) @ 20% down.
That's 5% spread over the year.

How will that affect earnings?
Doesn't sound too bad on income side if 5% reasonable, but I don't know what costs they will have for cancelled flights (staff/aircarft maintenance, airport fees) and then there are central admin costs and I believe planes have to be flown virtually non stop to pay for themselves, so having them not fly will mean capital allowance reductions not being offset.

I haven't worked in this sector, so unsure of how costs/contracts structured.
Maybe some aircraft are leased and downtime does not carry punitive finance costs.

Without knowing such fixed and variable costs I am struggling to extrapolate any further.
Bear in mind, an x% reduction in t/o doesn't mean a like reduction in earnings, as fixed and other costs come in to play..could even be negative territory.

And holidays...given the takeover of Thomas Cook, if a Hotel doesn't get it's guests, are easyjet an agent and merely miss out on commission, or are the rooms booked to easyjet and easyjet stand the loss for empty rooms?

With the unknowns I have, earnings, or EPS can't be determined for current year, so market share price as a multiple of that EPS can't be derived.

I think we're all struggling with perspective, so thought I'd share my ponderings.
IMO
Dave

[1 pound here we come] 07/3/2020 15:45

Some investors have just not understood the sheer magnitude of the contraction in the airline industry.

To buy any airline share today is complete madness.

Many household names will fall.

Don't be so daft as to go down with them. Buy shares in hand wash and toilet paper instead. My local supermarket virtually sold out of those yesterday.

[bergster56] 07/3/2020 15:37

No chance losing 70% of revenue for this year

[albert3591] 07/3/2020 15:09

Back to bed and dream another price