Easyjet Share Discussion Threads

[nw99] 02/4/2020 08:08

Looking for funds need to cut that though

[philanderer] 01/4/2020 21:01

They're back :-)

[shaf200] 01/4/2020 20:03

Buyer at sub 400p

[best1467] 01/4/2020 17:30

The big winner is the Environment for a change and all those people who have suffered for years with constant fuel smell and noise I would imagine it’s heaven

[montyhedge] 01/4/2020 17:08

Probably will be out of the FTSE 100 index at the next review.

[ohsod1t] 01/4/2020 17:08

It's amazing the noise from an aircraft climbing, even when it's at 30,000ft.

[1 nhs] 01/4/2020 17:06

Here we go as predicted


This stock goes way one from here

DOWN

[joestalin] 01/4/2020 15:38

Is it likely that the divi would be paid in new shares, or deferrals?

[nemesis6] 01/4/2020 14:54

The twerp that owns ezj...wants his 60 mill,,,lol wonder if hes paid daddy back yet

[porsche1945] 01/4/2020 14:33

@ Tlobs “ so the cash burn will be nil “. Moron, have you any idea what it costs to have 337 planes grounded even without aircrew costs. ( and thickos like you were given a vote, dont suppose you managed your plebs all inclusive away then).

[dtaliadoros] 01/4/2020 11:48

I must say I think stelios is right in his demands for airbus orders to be cancelled.

Borders around Europe are not going to open for a good while now and if people thing that the airline industry will be back to normal in a years times are deluded.

The debts that will come with financing those aircraft will bankrupt the airline.

As a small aside. Anyone here enjoying the one small postive to come out of all of this? Quieter skies! I can hear nothing but birds again.

[dtaliadoros] 01/4/2020 11:39

Tlobs...not quite true on the payroll cost. If you look at stelios letter you will see him reference how the wage bills will be reduced by around a half with the governments furlough assistance.

[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!