Easyjet Share Discussion Threads

[smithless] 08/6/2022 11:05

We got a text at midnight saying our frights were cancelled for that morning and Easyjet had no other flights out of Lisbon for at least 3 days. Cost use £800 to go with Luxair. It's a disgrace! How can a company keep taking money when it knows it can't provide a service? It should be downsizing and only offering slots it knows it can deliver on. Management should be sacked for trashing the brand. Its going to cost them dearly in cash and reputation

[sirshagalot] 07/6/2022 13:05

When you dump staff even though they were on a low wage what did they expect, Did they think people would have been waiting for airlines industry to recruit at same old rates and hours.
THEY WENT AND FOUND BETTER PAID JOBS WITH BETTER CONDITIONS.
Look at P and O dumped staff because it was cheaper to have nice slave labour Opps sorry cheap labour instead with predictable results.
The same happend in late 90,s with high caliber I.T staff remember goverment I.T projects failed one after another through cheap unqualified staff (hmrc,nhs,etc).

[sardine2] 07/6/2022 12:14

If any of you run a business you will understand just how difficult it is to find and employ staff at present. They just are not there to be recruited. Even then they still need to be trained. Bearing this in mind, I don't think that it would be the airlines fault as they would be totally silly to sell seats and flights which they cannot service. The problem seems to be the airport staff, baggage handlers and many of the essential not so highly skilled staff which were just laid off or made redundant during the two year closedown. The airports could not cope with the increased level of operation.
At present I certainly would not even dream of going abroad and especially by plane during a bank holiday week without expecting major delay problems. The signs were all there well before the bank holiday with what you could expert to happen. If you listen to the interviews there is too much of the "I want I want I want" brigade....me me me! I rest my case.

[keithlorna] 07/6/2022 11:04

Thousands of flights every day only a small percentage of disappointed customers.

[staggie65] 07/6/2022 08:29

Demand high. Supply resources (staff) low. Anyone considering holidaying at home is having every pound rinsed out of them. The fundamentals still point to travel abroad and it will turn around. I got stung by VA but I still re booked with them, as tbh there’s not much competition in the skies.

[gettingrichslow] 06/6/2022 22:46

The CEO should walk for this shambles. Absolutely farcical. No leadership from him whatsoever. Share price will be under £3.50 within a month.

[diku] 06/6/2022 14:37

What chance a hammer close below 500p...

[diku] 06/6/2022 14:34

Good plan hope it comes good when Russia war ends and oilys drop off...

[pepi moon] 06/6/2022 11:44

Bought a few here - will leave them a year and check back in.

[diku] 06/6/2022 08:51

Think the market will keep the price marked up until the delays costs news unravel...

[phillis] 06/6/2022 08:42

My son got stuck in Dalaman overnight
This is going to cost EZJ a stack

[ben gibbons] 05/6/2022 11:37

EasyJet share price will get hammered down tomorrow. No way the flights they've cancelled this weekend is not going to affect the share price Sub 500 again I think this week. At this rate Jason Pugh will be eating a whole picnic basket full of mustard sandwiches ;-)

[dh1706] 05/6/2022 09:49

You have to admire the arrogance of Grant shapes who starts off blaming the airlines for the travel chaos only to backtrack when challenged, that his dept were warned of this issue months ago.
He then comes out with that tired solution of higher wages to attract workers in aviation.
This government is really clueless and, they wonder why we have high inflation.
Maybe just maybe one day they will link calls for higher wages to higher inflation!
The Conservative party as it is now, has not only distanced itself from the truth but also sound economics.
What do they have to offer to anyone going forward?

[danvandan] 03/6/2022 11:40

I get the irony, but just to make it clear, there are scammers at work on here, trying to get people to click onto dodgy links and software that will screw up their lives. Stay clear of jessicafrench and any new profile set up just days ago.

[dh1706] 03/6/2022 08:53

Blimey that poster re stocks and crypto goes under many names and seems to be making shed loads of money - why they are wasting their time posting I do not know or do I?

[ben gibbons] 02/6/2022 22:16

I'll take a pass thanks :-)

[ben gibbons] 02/6/2022 17:44

Jason Pugh may be eating more mustard sandwiches at this rate ;-)

[danvandan] 01/6/2022 13:08

The failures around this summer's planning and operational delivery haven't hit the share price yet. The market hasn't yet recognised what it means. This isn't like the usual summer traffic chaos. Fundamental issues are hitting easyjet - staff shortages that will take a long time to fill, especially for pilots. All airlines need them and easyjet will have to pay increased rates to get them. Also, it will take time to fill the gaps, probably the rest of the year. So easyjet won't be able to fly at 2019 capacity, even if it wants to.

The other thing is the bad publicity. The sheer numbers of people involved will make this a long-running and bitter dislike for airline management. Politicians are jumping onboard, saying that airlines took covid financial support but didn't honour their side of the bargain by keeping staff on. We're only just seeing the start of it.

Compensation claims will snowball - some will end up in court, sponsored by consumer groups. This bad publicity will drag easyjet and TUI's names through the mud for the rest of the year. So far, Ryanair seems to be escaping the drubbing in the press.

Wage inflation for airline staff and groundhandling staff will skyrocket now. They've all seen how valuable their labour is. The unions are becoming vocal and will help staff drive a hard bargain with airline bosses. The triple costs of wage inflation, compensation claims, and rising fuel will meet with the slowdown in consumer spending and completely ruin Q4 earnings for easyjet - that's my prediction. All of that will translate to a sub £3 share price by November.

[windingroad] 01/6/2022 11:53

Anyone thinking that easyjet's future business will be unaffected by the relentless torrent of stories like this one below from BBC News is being hopelessly naïve.

https://www.bbc.co.uk/news/business-61657590
Holidaymakers are continuing to face disruption at airports, with more than 150 flights cancelled on Wednesday.

Airlines including EasyJet and Tui were among those to make cancellations, although most customers will have been given advance notice.

There have also been long queues at terminals ahead of the Jubilee weekend.

The transport secretary said airlines and operators, which are struggling with staff shortages, had "seriously oversold flights and holidays".

EasyJet has cancelled at least 31 flights at Gatwick, to destinations including Bologna, Barcelona, Prague, Krakow and Edinburgh.

Last week the airline said around 24 flights a day would be cancelled from the airport between 28 May and 6 June.

What are my rights if my flight is cancelled?
Why are airports cancelling flights?
Family 'seething' after 17-hour airport delay

[danvandan] 01/6/2022 11:36

This apparent surge will be quickly over because of the negative publicity and the huge squeeze on consumer spending which is building very quickly now. The compensation claims will put a big dent in the profits for Q3. Also, the pound is on the floor and likely to go even lower as we slide into stagflation, further discouraging foreign travel.

I'd like the optimists to tell me this; will the profits for Q3 exceed the half billion pound loss so far this year for Q1 & Q2? Personally, I think EZJ will be lucky to even make a profit in Q3.

One more thing; market cap for this business is almost £4bn. What kind of profits and price/earnings should a £4bn market cap transport company make? I would say at least £200m. But EZJ will not make a profit this year, and next year we will be in recession, so I reckon it might not even get to that level of profitability in 2023. Fundamentally, EZJ is already overvalued. When investors get their heads around this, the share price will drop fairly steeply.

[fuji99] 01/6/2022 10:09

Cumnor: Agree as the bottleneck is caused by the desire to fly by too many. For 2 years everyone was glued in their houses by Covid and now everyone wants to catch up in visiting relatives and dream destinations. IMO this is the time to load up the likes of EZJ as the reward will be great from now on and of course as the big first real summer - Covid free - approaches...

[diku] 01/6/2022 09:29

Reading post 15848 suggest 2023 is going to be a huge hangover after the jubilee party 2022?...