Easyjet Share Discussion Threads

[ball deap] 28/2/2022 11:21

Only it isn't.

[teataster] 28/2/2022 11:04

It's sector wide, imo this is a recovery stock once the sad situaiton in Ukraine calms down.

[ball deap] 28/2/2022 10:29

Get the fk out while you can, you are about to see lows we have never seen before.

[onjohn] 25/2/2022 14:00

jetfuel price pls

[magicmayhem] 24/2/2022 13:27

At this rate it could go below 500p

[bartyb] 15/2/2022 08:43

Some Russian troops returning to
barracks

[magicmayhem] 11/2/2022 13:32

Filling the void left by TCG

[nobilis] 10/2/2022 21:03

Dow down -570

[time for common sense] 08/2/2022 12:48

EasyJet : UBS raises target price to 815p from 775p

[onjohn] 08/2/2022 12:08

bowl to £10

[foreverbull] 08/2/2022 11:18

Nice move today.....looks it's bottomed out now.

[chiefbrody] 07/2/2022 23:20

Will never visit Aus again as long as I live and I hope hundreds of millions do the same. Disgusting regime. Still treating anyone not jabbed up to the eyeballs like a criminal.Hopefully their vermin leader will be pasted at their forthcoming elections.Back ot. EZJ very rangebound now it seems. Can't see anything lifting the share price until we find out if the EU will continue its march towards a 2 tier society. Should find out by the summer.

[tygarreg] 07/2/2022 14:15

Great news that Australia is opening up to tourists. A very big step in the right direction.

[magicmayhem] 07/2/2022 08:21

Does anyone have any up to date sales figures?

[rolloway] 04/2/2022 13:14

Btw, Putin and Kingpin shaking hands and exchanging loving glances this morning is not calming to the markets. Germany had the same love affair with its pariah partner and neighbour, the Soviet Union, at the beginning of WW2 (though it eventually bit the hand that fed it later).

I think this is Putin saying that he is justified in marching into Ukraine and there's nothing the west can do to stop him, because he can sell all the gas and oil he likes to China (which is almost certainly true) and Xi is backing his argument. Putin is resolving global economic influence into a Russia/China axis versus everyone else, and the rate at which China is militarising makes that a terrifying prospect for global peace.

Silence from the Germans, big customers for Russian gas, has been deafening. If things continue in this direction, we will soon be at an extinction level precipice. So far the markets have their fingers in their ears and the blinkers on, but if Putin marches into Ukraine, there is going to be a massive negative market reaction. I watch with more than a little apprehension.

[rolloway] 04/2/2022 12:36

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.

[504] 04/2/2022 09:37

Not higher costs for easyJet. Higher costs for all providers, not just easyJet. So in reality it means nothing.

[rolloway] 03/2/2022 12:25

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.

[rolloway] 02/2/2022 22:27

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?