Easyjet Share Discussion Threads

[phillis] 20/4/2020 13:26

EZJ will find it hard to make money in the next 12 months
Save your pennies for the inevitable rights issue (IAG holders also!)

[loganair] 20/4/2020 13:15

Branson calls for £500m loan to save Virgin Atlantic:

Richard Branson warns Virgin Atlantic will collapse without Government support as he defends himself over bailout backlash.

[loganair] 20/4/2020 13:13

Norwegian’s pilot and cabin crew companies in Sweden and Denmark declares bankruptcy.

Norwegian takes steps to get rid of employees in Sweden, Denmark, Spain, the UK, Finland and the USA. Norway, France and Italy are not affected.

In Norway, there are efficient furlough opportunities which means that the government pays for all salary related costs throughout the duration of the furlough period. Yet, there is not the equivalent coverage in Sweden or Denmark schemes.

Due to the extraordinary situation (force majeure), Norwegian has also notified OSM Aviation that it has cancelled the crew provision agreements with several of its jointly owned OSM Aviation subsidiaries. These companies have crew based in Spain, UK, Finland, Sweden and the US.

The above actions will affect 1,571 pilots and 3,134 cabin crew. About 700 pilots and 1,300 cabin crew based in Norway, France and Italy are not affected.

[montyhedge] 20/4/2020 13:03

Surely no one will get on a plane until a vaccine found, planes are spreaders of flu, colds, etc.

[philanderer] 20/4/2020 12:13

Richard Branson has said he will use his private island as security to raise money in an effort to protect jobs, as he defended himself against criticisms for seeking a government bailout.

Branson complained that references to his multi-billion-pound net worth do not take into account the fall in stock market valuations of the various Virgin companies in which he owns stakes.

Branson’s empire was last year valued at £4.5bn b the Sunday Times Rich List. Bloomberg’s Billionaires Index, which takes into account live movements in stock market values, still puts his fortune at $5.9 (£4.7bn).

The post notes that he has committed $250m (or “a quarter of a billion dollars”, in Branson-speak) to protect jobs, but he is also looking for as much as £500m to help Virgin Atlantic, the airline in which he owns a majority stake, while planes are grounded.

Guardian

[tlobs2] 20/4/2020 10:54

Yump, there are several shorters who have increased their positions at prices much lower than todays if you look at the disclosed position history.

When the news of financial support for the UK airlines comes through they will soon start to run for the hills.

Maybe they Government are thinking of paying for those central seats that they want to keep empty for a couple of months when aircraft are allowed to start flying again ;-)

[hawaly] 20/4/2020 10:54

12 was middle aged in the dark ages.....

GLA
😎

[yump] 20/4/2020 10:30

I'm sure there are plenty of shorters who will be telling themselves they called it right despite the fact that its the virus that has caused the drop.

I'm glad I had a science education, although I believe that retrospective justification is something you learn is a remnant of the dark ages, at around the age of 12.

[bc4] 20/4/2020 08:58

You have been saying that since EasyJet shares were over £15! there will always be shorts in any share the reason for the fall in the share price is business disruption not the shorts

[taurusthebear] 20/4/2020 04:48

I have a realistic proposal for getting airlines back in business. It would, however, face a major obstacle, namely international agreement, since flights need to land as well as take off.

Anyone can fly providing they pass an airport temperature scan (given that immunity or non-infection certificates are as yet practically unobtainable) and are under, say, 50 years old. Naturally they travel at their own risk.

The PC brigade, not to mention those over 50, would be up in arms, but this would be a temporary measure to keep many people happy and airlines afloat.

[taurusthebear] 19/4/2020 14:38

At least I won't have to worry about being "randomly" assigned a middle seat any more. :0)

[tlobs2] 19/4/2020 10:29

Two weeks in Jandia would do me ideally flying out there tomorrow :-)

[senn1] 19/4/2020 10:17

if I had to take a punt on this industry I would buy a private villa

Most will want there own space not crowded hotels.

[milliecusto] 19/4/2020 09:41

https://www.bbc.co.uk/news/uk-politics-52328756

[philanderer] 18/4/2020 23:48

Ministers mull £4bn rescue for travel sector

Government ministers are finalising the plans this weekend following consumer outrage over unpaid refunds

[philanderer] 18/4/2020 23:46

Flight prices will soar without health checks: Heathrow chief's warning as he sets six-week deadline to solve social distancing snag on planes

[ihavenoclue] 18/4/2020 22:04

clocktower17 Apr '20 - 15:21 - 11813 of 11818
0 0 0
The airline industry are most likely looking at interior re-designs as a way to create
personal spaces with fully filtered air, so customers are given a sense of safety on long haul flights.

==============================

Can you imagine the cost ? The space difference between economy and first class isn't vast. Will cheap long haul flights become a thing of the past ?

[loganair] 17/4/2020 22:00

Aircraft grounded for a duration of between 1 and 3 months, and requiring about 150 hours of work spread over 3 phases:


Initial storage, the longest phase, which involves protecting the aircraft and getting it ready for storage, and notably includes:

The installation of tarps and panels to block all the air vents where insects or animals could come and nest.

The obstruction of the engines or blocking of the fan blades, depending on the aircraft type.

A thorough cleaning of critical zones such as landing gear and hydraulic systems

The lubrication of the landing gear and wing components.

Checks on humidity levels.


Recurrent operations, whose frequency depends on the aircraft type and the manufacturer’s recommendations, comprising:

Checks to ensure the protections in place are in good condition.

Visual inspections of the aircraft and system checks.

Moving the aircraft over a distance of a few metres to alleviate the stress on the tyres or rotating of the wheels without moving the aircraft, using a jack.

Switching on the engines and APU (auxiliary power unit).


Initial removal from storage, which paves the way for the aircraft’s return to service. This phase involves up to 2 days of work removing the different protective equipment set up around the aircraft and checks to ensure that everything is in correct working order ready to resume flight operations in compliance with the company’s procedures and regulatory requirements.

[loganair] 17/4/2020 17:47

Chinese airlines are considering buying embattled Virgin Australia after the Morrison government refused to bail out the struggling airline.

China Southern Airlines, China East Airlines and Air China are all in discussions about purchasing the carrier in a last-minute takeover in a bid to stop its 'catastrophic' collapse.

[tlobs2] 17/4/2020 15:29

I'm looking forward to hear when the compensation discussions are going to start with the Chinese government. The levels of aid being offered to companies and employees and individuals is quite staggering. They UK Government must be expecting money from somewhere.

Add to that the financial handouts to assist the UK airlines - excluding Virgin who shouldn't qualify ;-)

[clocktower] 17/4/2020 15:21

The airline industry are most likely looking at interior re-designs as a way to create
personal spaces with fully filtered air, so customers are given a sense of safety on long haul flights.