Easyjet Share Discussion Threads

[cashandcard] 01/4/2020 10:08

loganair,



It would seem that Stelios has final say really. Perhaps he would not allow management to rescind or defer the dividend at all then. Especially if there is to be a rights issue, he would have to pump money back in.


Cash

[loganair] 01/4/2020 09:43

Barclays have just pulled their dividend that was due to be paid on Friday, therefore Easyjet could have easily have done the same.

It is absolute rubbish that because Easyjet had already declared their dividend payment that they couldn't have pulled it....many other companies have...so why couldn't Easyjet?

[albert3591] 01/4/2020 07:32

A big backlash from customers over refunds,easyjet are doing themselves no favours.Its quite simple if you can’t fly me to my destination and fulfill my contract give me my money back.

[frazboy] 01/4/2020 07:31

The DM - what a rag.

‘Easyjet, founded by another super wealthy entrepreneur Sir Stelios HajiIoannou, and regional airline Loganair, controlled by the secretive Bond brothers, have also begged for help from the Government. ‘

Errr, no. That’s not what Stelios said:

[cashandcard] 01/4/2020 00:02

So, Stelios dividend may end up back in a bailout RI?

[tlobs2] 31/3/2020 16:15

The government pay the 80% for the staff to stay at home. So the cash burn to them is nil.

If Easyjet pay the other 20% to do nothing then they would be crazy.

[flyfisher] 31/3/2020 12:54

Questions.

What contribution to staff salaries do EZJ have to contribute, ie do EZJ pay a certain level and the government top it up to 80%, or does the gov't pay the whole 80%.

What is the monthly cash burn?

[philanderer] 31/3/2020 12:30

Afternoon loganair

I already posted that four posts ago at 10:14am.

Keep up ;-)

[loganair] 31/3/2020 12:28

A few years ago the airline I was flying for needed to lease in a further A320.

The choice was an aircraft straight from operating for Air France or one that had been sitting on the ground for 6 months. The Air France lease was more expensive compared to the aircraft that had been sitting on the ground for 6 months.

Being a typical airline, the airline went for the nominally cheaper option of leasing the A320 that had been sitting on the ground for 6 months.

I use the word nominally as all we ever seem to have was electrical problems with this aircraft, thereby the aircraft was all to often AOG because the aircraft had been sitting around on the ground for 6 months. After a year it would have been cheaper for the airline to have paid a slightly higher lease for the Air France as this aircraft had no such problems.

[loganair] 31/3/2020 11:29

EasyJet faces trouble if recovery takes too long, says Hargreaves:

As EasyJet grounds its entire fleet, Hargreaves Lansdown has warned the budget airline group only has enough liquidity to survive a short-term suspension of flights.

Covid-19 travel restrictions means EasyJet is no longer running the small number of planes it was using to rescue stranded tourists. This takes its revenues to virtually zero but it also removes massive costs from the business, and the government is picking up the tab for the 80% of wages it is paying to furloughed workers.

‘Management will have a reasonable idea of what costs will be each week from here on out,’ said analyst William Ryder.

‘Unfortunately, investors don’t have this information so it’s impossible to accurately assess Easyjet’s prospects. We think the group has enough liquidity to manage a short suspension of European air travel, but if the disruption proves prolonged or the recovery is sluggish EasyJet could be in real trouble.’

[phillis] 31/3/2020 11:23

Stelios will underwrite rights issue

...at a price!

[loganair] 31/3/2020 11:21

Europe’s biggest budget airline is operating frequent “ghost flights” – empty planes with no passengers – where aircraft take off, circle the airport, and land again.

For most of its fleet of 451 Boeing 737s, this appears to be happening around once every four days.

The reason for operating empty flights that don’t go anywhere is to maintain aircrafts’ operational availability.

Planes that have been grounded for a significant period have to be checked over before they are cleared to fly again, a process that keeps them from flying for even longer and costs the airline money.

[loganair] 31/3/2020 11:10

Dubai to support Emirates with equity injection.

[philanderer] 31/3/2020 10:48

BBC News (World)@BBCWorld


Pandemic delivering 'shock' to airlines, says International Air Transport Association

Flag of United States American Airlines requests $12bn in US support
Flag of Germany Passengers drop 90.7% at Frankfurt airport
Flag of United Kingdom British Airways suspends all London Gatwick flights

[philanderer] 31/3/2020 10:14

EasyJet faces trouble if recovery takes too long, says Hargreaves

As EasyJet (EZJ) grounds its entire fleet, Hargreaves Lansdown has warned the budget airline group only has enough liquidity to survive a short-term suspension of flights.

Covid-19 travel restrictions means EasyJet is no longer running the small number of planes it was using to rescue stranded tourists. This takes its revenues to virtually zero but it also removes massive costs from the business, and the government is picking up the tab for the 80% of wages it is paying to furloughed workers.

‘Management will have a reasonable idea of what costs will be each week from here on out,’ said analyst William Ryder.

‘Unfortunately, investors don’t have this information so it’s impossible to accurately assess Easyjet’s prospects. We think the group has enough liquidity to manage a short suspension of European air travel, but if the disruption proves prolonged or the recovery is sluggish EasyJet could be in real trouble.’

The shares fell 7.2% to 552p yesterday.

[chesty1] 31/3/2020 09:54

Would Stelios take it back at this level ?

[bc4] 31/3/2020 09:54

Phillis do not bother he has his head in a bucket of sand. LOL

[phillis] 31/3/2020 08:16

Tiobs
Can you not see the obvious writing on the wall?

[frazboy] 31/3/2020 08:07

Stelios is also asking for a RI to supply liquidity. One thought: will anyone get travel insurance to Europe whilst this virus is prevalent?

[philanderer] 31/3/2020 00:01

Yes, as well as the coronavirus pandemic affecting the world.

[cumnor] 30/3/2020 21:47

That's an added problem for the share price.

[coscos] 30/3/2020 20:24

Not a holder here but have read the Stelios letter with much interest. He is indirectly accusing the bod of being in cahoots with Airbus hence the silence. One thing's for sure - Stelios will not go away quietly.

[philanderer] 30/3/2020 19:13

'Fleet of rescue planes will bring tens of thousands back to UK amid pandemic'


‘Partner airlines include British Airways, Virgin, easyJet, Jet2 and Titan and this list can be expanded.


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