Easyjet Share Discussion Threads

[amaretto1] 04/4/2020 09:15

R u sure ?

[taurusthebear] 04/4/2020 02:26

If Buffett is selling this MUST be a crisis!

Another way to look at things is that Stelios pocketed the refunds due on cancelled flights, that are not now forthcoming.

[porsche1945] 03/4/2020 23:38

@mhedge. He hasnt asked the gov for help, he said dont buy the planes and raise cash by issuing about 600 million equity. And good luck to him with 60 mil and tax free monaco, he earned it. Sound bitter??

[loganair] 03/4/2020 23:24

Delta Air Lines stock falls 7% as Buffett's Berkshire Hathaway sells some of its stake.

[onjohn] 03/4/2020 21:26

is this one finished

[philanderer] 03/4/2020 19:17

Fri, 3rd Apr 2020 18:32

Alliance News


(Alliance News) - easyJet PLC on Friday confirmed that it has rejected a requisition notice as invalid because it did not comply with the requirements of the Companies Act 2006.

The stock closed 4.5% lower at 475.00 pence a share in London.

On Thursday, the budget airline said founder and largest shareholder Stelios Haji-Ioannou requisitioned a general meeting to remove Non-Executive Director Andreas Bierwirth from his position.

Bierwirth joined the board of the budget airline in July 2014 and is currently chief executive of Magenta Telekom, formerly known as T-Mobile Austria.

On Monday, Haji-Ioannou warned he would seek the removal of the entire board unless the company cancelled a GBP4.5 billion aircraft contract with Airbus SE, as the budget airliner grounded its entire fleet.

In a letter addressed to easyJet's board, Haji-Ioannou said he will send notices of general meetings to remove non-executive directors of the company for dereliction of duty unless his demands were met. He owns 34% of the company via investment vehicle easyGroup Holdings Ltd, which sent the requisition notice.

On Friday, easyJet said it rejected Haji-Ioannou's requisition notice.

[montyhedge] 03/4/2020 17:07

He made sure he got his dividend 60m, nice tax free living in Monaco, can't ask gov for help after that.

[bc4] 03/4/2020 16:18

Flying to where?

[1crackupboom] 03/4/2020 13:08

Easy will be back flying for the summer. A cure for covid has now been found. Info was released last night

[bellesimo1] 03/4/2020 11:20

I told you so will be back 400p range,and for sure 200p coming.
I met easyjet chairmen in 1996 Luton airport,I used to talk to him most of the days,worked in pizza place in the terminal he only had 3 destinations then
he is a businessman he got help from family if i recall.

[loganair] 03/4/2020 11:04

Easyjet have already lost this years Summer season, when they make all their profits, which means at best they will not be making any profit for at least another 12 months from here.

[bc4] 03/4/2020 10:50

£15 WHEN? there may be a right issue needed here

[mallorca 9] 03/4/2020 10:45

I'm buying here and strongly.

Excellent balance sheet, furloughed workforce, grounded fleet, all time low sentiment.

See you back at £15.

[1 nhs] 03/4/2020 10:40

Another low of the year.

How many more times do we have to warn the dangers of this Great Depression.

[ted73] 03/4/2020 10:28

Target 2 pounds

[ted73] 03/4/2020 10:24

Run for your life

[montyhedge] 03/4/2020 09:55

Then they won't fly.

[best1467] 03/4/2020 09:06

The survivors will be the big winners and it will be Joe Public who count the cost cheap flights will be a thing of the past for a long time to come

[loganair] 03/4/2020 09:03

bc4 - That is exactly what happened when Flybe went bust.

From my local airport, domestic flight Easyjet tickets went up over night from around £50 one way to between £280 & £320.

[bc4] 03/4/2020 08:36

If Easyjet went bump it would be bad for everyone Ryanair would double prices over night

[bc4] 03/4/2020 08:22

EasyJet must be in the same boat 150m a month maybe a bit less

[bc4] 03/4/2020 08:00

frazboy
3 Apr '20 - 07:36 - 758 of 758
So, unused fuel hedging is costing Ryanair E150m per month.

‘Ryanair is currently operating less than 20 daily flights, which is 99% less than its pre-Covid 19 daily schedule of over 2,500 flights. The airline expects its fleet to remain largely grounded for at least April and May. We therefore expect to record ineffectiveness on our FY21 fuel hedges as an exceptional item in our FY20 results. We currently estimate that this will amount to an exceptional charge of approximately €300m’