Easyjet Share Discussion Threads

[albert3591] 31/5/2022 08:04

Another poor summer for tourism abroad,should these airport delays keep happening.Anyone who has not booked a holiday may well be having second thoughts,and who can blame them.It’s down to airport staffing problems and tour companies can’t do a thing about it sadly.

[greco600] 30/5/2022 07:54

Its not just ezj, after not making enough money during covid, of course they now all want to sell upto capacity.I think if you have been booking flights during this half term or summer holidays, you have to expect uncertainty, its all over the news.

[albert3591] 30/5/2022 07:10

EZJ won’t worry,they have plenty more mugs who will fly with them.

[r9505571] 29/5/2022 19:29

A mate who is away with the wife and two kids just had flight cancelled. He's in the Gatwick Hoilday Inn and he booked City Jet to get home 2 Moro at £700 plus the hotel at £180. A very expensive weekend. EasyJet are gonna have some serious refunds to process!

[phillis] 29/5/2022 13:57

You used to ramp MCRO as well Monty

[montyhedge] 29/5/2022 10:17

They will fly with BA who seem to have missed the chaos.

[snookered4] 28/5/2022 07:49

People will vote with their feet like they have done with the P&O debacle. I know firms that regularly use EasyJet for business travel who will never use them again! Downward spiral - will they survive?? They will need to get their house in order pretty quickly!

[phillis] 28/5/2022 06:21

Oh dear - another horror story

[phillis] 27/5/2022 14:02

a friends daughter got stranded at gatwick last night with a friend

they stayed in a hotel overnight and managed to get early flight to Malaga this morning with BA in Club
apparently EZJ will reimburse
Lets wait and see

[ben gibbons] 27/5/2022 13:45

Jason said he liked his mustard sandwich after all :-)

[sinzu] 27/5/2022 12:35

I think you better close that short position now before you get a margin call!

[danvandan] 27/5/2022 12:28

200 flights cancelled. If they're all full as suggested by some on here, then that's another 40,000 p1ssed off easyjet customers who'll be thinking about Ryanair or BA next time. The more relevant aspect of this though is that it indicates bad management that will feed through into other actions and outcomes, like more losses. Shareprice seems unaffected though - that wave of optimism is doing its best. I suspect, reality will eventually bring the share price back to earth.

[danvandan] 26/5/2022 16:10

I've been flying too - airports are not packed. All the rows that I could see on my flight had vacant seats between passengers. Plenty of round-trip seats at £100 on easyjet flights 3 weeks out. On top of that, some of the fleet is still not flying. easyjet is not helping itself by p1ssing off 5 or 6 thousand existing easyjet customers daily by cancelling 20+ flights every day with practically no notice.

Key measure coming up in a few weeks - this Q3 ends in 5 weeks. If the business has managed to lose yet more money in this quarter (I fully expect this to happen), despite johan's claims that volume is at '2019 levels' I anticipate a big markdown on the shares.

In the meantime, misplaced optimism might push the share price up to unrealistic levels again. Anything over £6 is a big shorting opportunity imv.

[chard1980] 26/5/2022 13:19

Would disagree if they keep cancelling flights minutes before the gate opens. Currently sat in BRS and lots of flights being cancelled with no genuine reason. Shambles.

[ttny2004] 26/5/2022 07:45

Been flying lots last 3 weeks. Airports packed again. Think we will be surprised by positive impact on airlines this year. Think will be a year from now on. Very strong next 2 quarters coming for all airlines.With emirates every business / first seat sold out on route I was on

[ben gibbons] 26/5/2022 06:33

Just the allergic reaction that wasn't so good :-)

[jasonpugh] 25/5/2022 14:58

Mustard tasted quite good actually 😳

[ben gibbons] 24/5/2022 17:57

Lol hilarious :-)

[thornintheside] 24/5/2022 16:10

Well, it seems the black swans have come home to roost and put easyjet firmly into mustard sandwich territory (496p). It seemed obvious to most ppl though.

[danvandan] 24/5/2022 15:28

Yep, that mustard sandwich certainly was a 'rash' promise to make, given his alleged allergy. Still, any physiological reaction should take his mind off his losses on his EZJ shares.

Interestingly, jason is also offering to eat 'humble pie' on another board. Seems a lot of his investment strategy centres on his gut, so to speak.

[ben gibbons] 24/5/2022 15:17

Mustard sandwich looming Jason ;-)

[danvandan] 21/5/2022 15:46

This was under £5 just a few days ago - no 'black swan' event needed for that. No real telling which way it'll go over the next few days, but as has been pointed out, when the market moves on from what it thinks are 'recovery stories' and realises that EZJ isn't one of them, then the share price will be valued on fundamentals.

That may have happened already. The pandemic is mostly behind us. Now many investment houses are talking about coming recession. Only Apple is holding the US market up for the moment.

Sandbar are the 'conviction trader' shorting eZJ at the moment and they reduced their short on Thursday, contributing about a quarter of the buy trades on that day, possibly for fear of getting burnt by another wave of optimism. They're still short almost 1% of the total share issue though (about 7m shares). Their short reduction was most probably risk management more than anything.

Key aspects are two-fold. 1, in 2019, a record yr for EZJ, the business made £350m net profit. 2020, they lost a billion. 2021 they lost £800m. This year they will probably lose another £500m (already down £500m but I'm guessing a smaller loss for this quarter 3 balanced with a small profit for Q4). Maybe a profit in 2023 but it will most probably be a small one as it tries to tackle inflation and borrowing costs while also confronting a slowdown in consumer spending. So the fundamentals don't really support a bullcase based on EZJ's current market cap of £4bn.

2. The coming recession. All boats will sink on the descending tide. There is just too much going wrong right now. Inflation has been stoked by years of money printing. The Russo/Ukraine war has caused the supply shock that has now let the brakes off a runaway train of inflation. Continuously rising interest rates will hurt mortgage-holders and indebted businesses will inevitably start going broke as consumers rein-in spending. When lay-offs start, we will be on the downward roller-coaster run. Exactly when that starts is difficult to time, but the dow is down 15% from its recent peak - it may have already started. This might be the right moment to sell any EZJ spikes caused by irrational retail sentiment.

[jasonpugh] 21/5/2022 10:41

The only way this share goes sub £5 is a black swan event. I will literally eat a mustard sandwich if it does ( im allergic to mustard 😳).