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EZJ Easyjet Plc

-1.70 (-0.34%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Easyjet Plc LSE:EZJ London Ordinary Share GB00B7KR2P84 ORD 27 2/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.70 -0.34% 492.20 494.00 494.50 498.60 485.40 498.60 3,674,303 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 8.17B 324M 0.4274 11.57 3.74B
Easyjet Plc is listed in the Air Transport, Scheduled sector of the London Stock Exchange with ticker EZJ. The last closing price for Easyjet was 493.90p. Over the last year, Easyjet shares have traded in a share price range of 350.40p to 590.80p.

Easyjet currently has 758,000,000 shares in issue. The market capitalisation of Easyjet is £3.74 billion. Easyjet has a price to earnings ratio (PE ratio) of 11.57.

Easyjet Share Discussion Threads

Showing 24751 to 24773 of 27850 messages
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There you go again, drifting off into that alternative reality. The real reality is that higher costs for easyjet mean higher airfares for consumers. The cost of living squeeze means less disposable spending for consumers. Put those two together and the reality is that some people will choose fewer holidays or cheaper holidays (eg staycations). How many and how much are the imponderables, but consumers are taking some big hits currently, even though many have saved money during the pandemic. That creates competitive pressure for all of the budget carriers and depresses profits.

Lundgren has promised investors a big increase in trade, but I question whether the profits will live up to the expectations which he has created. Ryanair have been a lot more sanguine about it.

All of that said, the shareprice is holding up remarkably well, so maybe there's a few more months to go before investors turn away from easyjet. I suspect the Q2 update could be a turning point, if Lundgren has to admit that things are not turning out as well as he suggested. If interest rates continue up to a mere 1.25%, still very low by historic standards and almost certain based on current trajectory, that will potentially add £30m to easyjet's financing costs at loan renewal. Just one more little thing ontop of rising fuel costs, wages, etc. I hope easyjet uses its cash on hand to pay down some of those loans pronto.

Not higher costs for easyJet. Higher costs for all providers, not just easyJet. So in reality it means nothing.
Looks like the chickens are coming home to roost. 504, you said you'd hate to live in my world, but re my much earlier post, the list of negatives which I described is inexorably tightening its grip around our economy; easyjet will not be immune. My world is the real world, as opposed to the dreamworld of absurd valuations.

What people are beginning to call 'the cost of living crisis' will probably deter easyjet customers in large numbers. Energy costs went up by the largest amount ever this morning and now, instead of being a minor inconvenience, the energy bill is becoming a huge cost factor for every household, only one or two rungs below rent/mortgage costs. Interest rates just doubled (from a low base) but with more on the horizon which will increase mortgage costs, there is a huge property valuation bubble also waiting to burst - if that happens there will be a massive divestment across all asset classes. Btw, food costs are up 20% and are likely to keep rising.

The real essentials for life - food, heat and shelter - are rising in cost steeply and I think this will cause a realignment of consumer priorities this year. Staycations are unlikely to be going out of fashion for a while longer.

Easyjet's crew contracts might be the next thing to be negotiated because the business is short of pilots, and new pilots take years training and spending time in the first officer's seat before they can fly an airliner. I doubt Easyjet can just place an ad and fill the interview corridor with pilots ready to fly to Tenerife. If anything, it'll be BA that will be poaching easyjet pilots. That promised 'bumper summer' that some people have been saying will get easyjet out of difficulty, is beginning to look like it might be some other year. And that's even before the Russians have fired a shot from their massed army outside Ukraine.

I'm sure wealthier customers will not be deterred from foreign holidays, but they're more likely to be British Airways customers than easyjet's. Easyjet's client base is taking multiple hits, including rises in taxation from every angle to pay for covid costs. Easyjet itself will also have to handle big increases in fuel costs. Looking at the share price action over the last couple of weeks, I reckon optimism is fading here like a contrail in hot air.

As I was saying three weeks ago - staff shortages mean pay increases and higher costs for easyjet - look at the HGV drivers; from minimum wage to £70k in mere months. Two years of no pilots qualifying, while huge numbers leave the industry during covid for retirement, early retirement, and other industries. Now suddenly everyone is trying to hire.

I saw that Lundgren was saying that he wasn't worried about competition in easyjet's home airport (Gatwick) because jet2, or whizz or whoever, only had a few aircraft flying in. I don't think he got around to saying how he felt about British Airways opening budget short-haul there next month though.

Meanwhile, I won't say anything about the price of oil. The Russians seem to have said it all already.

Would I be right in thinking that the market has also woken up to the fact that easyjet's market cap has recovered back to 2019 levels, or are people still expecting some miraculous rise to £10 even though there's twice as many shares now, compared to 2019?

Mark Sweney and Gwyn Topham
Thu 27 Jan 2022 12.41 GMT

Travel companies are reporting a bounce-back in bookings, with easyJet and Saga predicting a summer surge as the impact of Omicron on consumer confidence wanes, and the government’s move to lift testing and travel restrictions pushes capacity back to near pre-pandemic levels.

Interesting to see easyJet relaunch their pilot training program. On hold since Spring 2020. They clearly see recovery and demand ahead.
In the short term sales for Easter must be moving at a pace given the cost of the tickets.

We expect 10%-15% less traffic across the network [but] we expect to be near 2019 capacity.”

Beach destinations are leading the boom in bookings with Gatwick the biggest beneficiary of the carrier’s restored capacity.

Speaking as easyJet reported results for the three months to December, Lundgren said: “UK beach routes will be the biggest ever in 2022.

“We’ll have 1.2 million additional seats on sale from Gatwick [this summer compared with 2019].”

Wizz Air is also expanding at Gatwick and British Airways is preparing to launch a new low-cost operation from the airport this summer

Asked whether competition at Gatwick could drive down fares, Lundgren insisted: “We’re not complacent.

“[But] we are going to have 79 aircraft operating from Gatwick. Wizz will have five. If we add our aircraft coming into Gatwick from other airports, we’ll have the equivalent of 90 aircraft.”

He reported “over 50% of the programme” already sold at easyJet tour operator easyJet Holidays, adding: “We expect easyJet Holidays to carry more than one million passengers this year.

“Yields are stronger than at the same time in 2019. Beach routes are performing better than city-to-city routes.”

Lundgren noted forward bookings had “softened̶1; in December after October and November “outperformed our expectations” but said the impact of the Omicron wave had been “short term”.

He argued: “The UK has removed all restrictions [for vaccinated travellers]. France has removed restrictions. We’ve had Italy say it’s removing testing requirements.

“The EU is recommending all member states remove test requirements from February 1. We don’t see testing now in Germany, Switzerland or Spain. It’s going to be a much more certain environment.”

We'll be seeing lots of these headlines over the next few weeks. I own a hotel in Greece South of Athens and we have taken more bookings in the last 3 days from Brits and Italians than in the last 3 months. Easter capacity is 40% full and will sell out very quickly.

“With sales performing very well, the low-cost airline’s capacity compared with 2019 levels will be more than doubled on routes to Turkey,” Lundgren said.

Like thousands of others that will see it I am invested in the recovery story. easyJet will get a clear run at Spring and summer this year. No late start. It's going to be very positive.

Luton airport packed this morning. First time really since the end of summer. I suspect that air travel is switching on again.
On the Ryanair website those consistent €9.99 flights into Luton, many are now €19.99 and higher.
I suspect that a general uptrend will lift many operators. I think easyJet are probably best placed. I certainly wouldn't want to be reliant on Eastern Europe flights right now.

I am glad that I don't live in your world.

I will be amazed if it doesn't go to £7.50 over the next few months.

Really depends on what you mean by 'do very nicely'. Net debt is now £1.2bn. Losses are reducing, but I daresay Q2, even though all restrictions are now off UK flights, will still be a loss, but the market is now expecting great things. Market cap is right back at 2019 levels, aviation's record-breaking year, but the year ahead is likely to be a losing/break even for Q2, probably a profit for Q3 and Q4, with lots of excuses about increased costs dragging profits down, and a net loss for the year.

£1.2bn in net debt (never mind the £3bn in loans on the books with rising interest rates on the horizon for renewals in 2023) will take three or four years of healthy profits to get back to 2019 levels of debt.

The management have done well to keep the shareprice up, but the recovery tale is getting a bit stale now. Everyone pretty much thinks covid is over. People will start to look at the facts and figures on an actual return to shareholders. I'm not sure there's much more enthusiasm to come.

Meanwhile the Russians... An invasion will probably cause a market crash. It's looking 50/50 to me. Putin knows he can walk in because Europe can't do without Russian gas in the winter. It's an old story - he wants a buffer between Russia and NATO. Maybe its 80/20 in his calculus. No need to change holiday plans, but the Ukraine tragedy if it happens, won't be helpful to easyjet shares. Also FED interest rates. Also oil (60% hedged). Also inflation pressure on consumers. Also loss of business travellers, now permanently comfortable on zoom. Also brexit.

On the plus side, everyone would like a summer holiday, but there ain't an awful lot on the plus side and I'm not sure that it's enough, especially with the number of competitors fighting over budget flights. This could be like the false dawn for hospitality; they thought it was all over, then loads of businesses went bust. If Lundgren can keep the shareprice at £6, I reckon they'll be doing very well, but I think the excitement over recovery is now fading. Check out the dow, now in steady decline. I could be wrong, but I'm not betting on that.

I think that the biggest plus is that the RNS is out of the way. I was holding some back which I took this morning at 630p and I see little really dragging before around 750p.
I think that it will become apparent that life is largely returning to normal. Certainly in South Europe and soon the more "concerned" places as well.
The storm may not be completely over but certainly there's blue sky ahead even if it's still a bit windy.
easyJet will do very nicely despite the debt extra burdens.

Some big numbers, some big improvements and some ducking and diving to make it work.
As a shareholder I am impressed by that.
I was expecting disaster and I think many were. Certainly looking forward now is a very different view to this time last year.
As expected people are booking closer to the departure date, it will take time for confidence to return. I believe that the whole of the UK will be in Southern Europe this year after suffering the UK holiday options.
Business travel should rebound very quickly.
Everyone likes a winner and they certainly seem to be that, they will recover strongly over the next few weeks and months.
I suspect that this story will grip retail investors. As for the city, they can see the debt. It's not pretty but it was never going to be and the road from here to profitability is a short one.

It must feel like that in the UK right now. I believe that any restrictions in the future will be quite different. Certainly Spring and summer everything will be open.
Indicators are everywhere. The Pope has booked his holidays starting really in a few weeks.
The UK government will have to learn what works and stop grandstanding the doctors. BBC needs to get back to making the news up about stuff other than Covid.
I think things will be very different in future.
I have been on the water most of covid and visited 36 Countries with little grief.
Southern Europe apart from Italy largely ignore the nonsense and are open for tourists right now. That is vaccinated or in some cases boosted tourists.

Numbers traveling are still quite low but bookings are looking better from what I am seeing although for now prices will stay modest.
I believe that easyJet will be one of the big winners.

Still hoping Wizz will come back here. Anything 700p + will be accepted imo.The UK and the EU have devastated airlines beyond repair with their new world order. I'd be happy to get out at break even here.No faith going forward now. Governments don't wont people flying around on the cheap any more. Restrictions will be around, forever, imo.Vaccine passports lol. The biggest scam of all time.
Off course they are bad numbers. I am sure nobody will be surprised and any weakness will be quickly levelled. Keep some powder dry.
The quarterly update is late this year. Bad numbers take longer to add up? This business with Russia is not helping any. The dow seems to be crashing because of it, plus interest rate cycle. My spidey sense is tingling. Bad news seems to be mounting up.
DJ EasyJet's Balance Sheet Gives It Scope to Seize Post-Pandemic Opportunities -- Market Talk1443 GMT - EasyJet's reinforced balance sheet gives the budget airline scope to seize post-pandemic opportunities as slots at key primary airports become available, Liberum says. The airline is expected to relocate capacity and capital to areas where it has strength and there are strong returns, the U.K. brokerage says. "This implies better returns once capacity returns to prepandemic levels," the broker says. Liberum has a buy rating on the stock and raises the target price to 800 pence from 680 pence.
time for common sense
From silver forum posted by yikyak. Message to the voting cattle.htTps://
time for common sense
You're missing about £2.2bn in losses at a rough estimate, that's what you're missing. Take a look at the annual reports. By my estimate, practically everything that was raised in the rights issues merely replaced cash that had been spent. The cash isn't sat on the balance sheet. Also easyjet took out £3bn in loans. Some of that cash is still on the balance sheet but it needs to be paid back at some point. The net debt position was slightly under a billion in the red at year end. That might have got a bit bigger over the last quarter. Update is due. In 2019 net debt was much lower, about £300m. Dyor.

Still plenty of goodwill out there it seems. Although Bank of America seem to have divested last week, so they're no longer big fans.

I dunno if this'll end up being a thing, but one of the airfreight firms applied for permission for missile defence systems last week to the US authorities. The news cited the downing of an airliner by the Iranians a couple of years back as one of the reasons, but I'm guessing it's got more to do with the Russians about to commence hostilities against Ukraine. A few years ago the Ruskis shot down a Malaysian airliner full of Dutch people over Ukraine - I'm sure everyone remembers, right? If it kicks off again over there, markets will tumble all over. Might be an opportunity for easyjet to charge passengers for optional parachutes though.

Hopefully it's all just posturing from Putin. Definitely not a reason to cancel a holiday to Spain either way.

Can someone help me out with a basic question. Everyone is fretting market cap is higher than pre covid due to capital raise and shareholder dilution.However surely the cash raised and sat on the balance sheet should be taken into account with the valuation along with the potential of how it could be employed (which the company said would be used for expansion opportunities when they arose, not for simply subsisting and burning to stay afloat - which clearly would be bad if it happened that way but hopefully with restrictions easing won't be the case).What am I missing?
I would be interested to see your calculations, as I bought within covid at 9.98
At least 1 in 4 family's cannot travel to most of Europe unless they end all vaccine passports. 25pc of market has gone. Less business travel also.
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