Easyjet Share Discussion Threads

[activeservo] 28/9/2020 12:48

So it's primed ready for London lockdown news, further cushioned by any gains from the Dow and perhaps Boris spouting off about how the "numbers are subsiding"! You can have a go if I'm wrong.

[activeservo] 28/9/2020 10:23

Below 250 at least. These household names do go under (look at Flybe..) and no amount of hope by the bulls (and Boris and Rishi) can change simple facts. It's just a waiting game and trading in the meantime.

[albert3591] 28/9/2020 10:11

Servo...what share price do they need to be at.Good thinking if you are right.

[activeservo] 28/9/2020 09:58

It's a last ditched attempt to keep the FTSE up before 2.30pm

[cashandcard] 28/9/2020 09:56

Porsche1945,


A Cruz mentioned they are burning 26mln a day to the commons - this is massive cashburn. They have raised liquidity, but this is just buying a bit more time. Their cost structure needs a complete restructuring.

I disagree and I think EZJ will string it out as they have enough capacity to do so as a shareholder owned airline. Agree, Rya will get through as O'Leary stacked a mountain of cash before the crisis. Yes, national carriers DID have an advantage - the high value business travellers, who are simply not flying atm - many will not return after this pandemic has dissipated. IAG are a private business, which is why they diluted shareholders to raise funds - they are not protected - even as flag carrier - as can be seen by the deeply discounted RI.

IAG may have to turn to government or dilute shareholders again if needed. They have been too slow to act - which is why they have done this rights months after others took the opportunity to raise. Until I see drastic cost cuts at IAG, I can't see how they are going to turn things around.

They are competing with LCC's, when Legacy and LCC's compete for the same thin volumes - there is generally one winner, that is dictated by cost structure.


Cash

[porsche1945] 28/9/2020 09:36

2cashand card

...actually iag now have the cash to survive 18 months of a complete lockdown, they also own the best slots at the best airports, and are the flag carrier. Flag carriers are always protected. RYA and and IAG will be ok, so will whizz, think it’s probably ezy and jet2 heading for the u bend.

[porsche1945] 28/9/2020 09:32

...wonder if whiz will take them over🤔

[porsche1945] 28/9/2020 09:31

Easyjet will have to raise a lot more funds, 50 pc dilution coming up, if there is a hard (madness) brexit you can kiss another 25 pc of value away too, and as the U.K. seems hellbent on returning to the 1970’s (imf bailout) and Boris is truly hopeless, there may now be a real chance of that. You reap what you sow, U.K. locked down 5 weeks longer than Germany, economy has had three times the hit and the government is a pathetic shambles, got help ezy.

[albert3591] 28/9/2020 09:25

After what was said the weekend ezj will suffer I’m sure

[albert3591] 28/9/2020 09:24

Geniechem...that would be what the mms want you to believe.

[geniechem] 28/9/2020 08:37

Apparently on their knees and not sure how much longer they will survive according to reports over the weekend and they rise almost 5%, I really don't understand how the market works?

[activeservo] 28/9/2020 08:27

Wonderful first hour. Have to say I'm enjoying this volatility.

[albert3591] 27/9/2020 15:28

If this has a big hit first thing tomorrow I will buy and sell at 8.45 I am sure it will rise after initial fall,famous last words.

[tomv33] 27/9/2020 15:18

BBC news... easyjet is hanging by a thread.

[loganair] 27/9/2020 14:06

Tui to cut 8,000 jobs as bookings drop due to coronavirus pandemic.

Travel giant Tui has made further cuts to winter capacity due to changing restrictions, as it reported an unprecedented 83% slump in summer bookings.

The Anglo-German business said it has cut its fourth quarter programme to just 25pc.

It has also switched to alternative low-risk destinations, but said the last month has been impacted by “continuous changes in travel advice by various governments across our markets”, with holidaymakers now booking very last minute as a result.

Russ Mould, investment director at AJ Bell, said: “Despite this optimism, Tui has seen a decline in booking volumes, holiday prices, holiday capacity and a shift in consumer trends whereby many people are waiting until the last minute to book, which clouds earnings visibility.

“The fact that governments keep changing travel advice is not helping matters, but the pandemic is a fluid situation and companies like Tui will simply need to keep on their toes and be ready to either seize opportunities to sell more holidays if conditions permit, or hunker down and go into survival mode if conditions worsen.”

[loganair] 27/9/2020 14:01

Jet2 cancels more flights and holidays - In an announcement, Jet2 told its customers that it had taken the "difficult" decision to suspend flights and holidays to three destinations.

It said flights and holidays to Prague, Paris from all UK bases, excluding the East Midlands, are suspended up to 23 November.

Meanwhile flights and holidays to Budapest from all UK bases, excluding the East Midlands, are suspended up to 25 November.

[cashandcard] 27/9/2020 11:28

This 'hanging by a thread' comment is over egging the situation. Rya is best positioned to survive this pandemic - low cost and went into the crisis with a cash mountain. I would honestly put EZJ behind them, given the cashburn figures released and the liquidity available (£2bln) with the option for further sale leaseback deals. We know they are generating more revenue as the £120-160mln cashburn figure was given at the height of the lockdown when barely any aircraft were flying. Jet2 look like they've got decent liquidity but have been silent, very very silent on cashburn and holiday bookings/redemptions. Too quiet for my liking, I prefer some cashburn figures at the least.But overall, it's IAG that is haemorrhaging cash, even after the RI, they are burning £1bln every 7weeks or thereabouts. Unless they can take an axe to their costbase, and their summer outlook improves in Q1/Q2 2021, they are in serious trouble.Cash

[18bells] 27/9/2020 08:59

BritishBrainwashing Corporation

[activeservo] 26/9/2020 15:19

Being true to my word, I had just a dabble (thank f''k) yesterday for Monday trading and I'm on the fence regarding this news. It's just biased union chat and I suspect was a planned leak to hurt Easy.

[greco600] 26/9/2020 13:56

Really you believe no impact Monday.....They are over priced as it is with what's happening and no sign to when things will be back to normal.