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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Easyjet Plc | EZJ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -5.20 | -0.95% | 541.60 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 550.00 | 541.00 | 550.80 | 541.60 | 546.80 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 03/5/2024 13:13 by sapphireblue1 The share price looks very stable back at £5.50. I see no reason why it shouldn't move up to £6 from here. A period of consolidation was needed for the weak UK investors to gain some confidence.This company needs a listing somewhere else, either Europe or the US ultimately to bring in a richer investment base. It will be interesting to see how the holiday business in Germany progresses. So far nearly all of our hotel guests on easyJet holidays have been UK. I hope that changes as the UK visitors are low spenders on the hotel extras. |
Posted at 26/4/2024 20:33 by cevodniya Socionomics and the significance of dropping ibto the close is what?, oh wise one lol.Obviously you are not a Buffet type investor, last week you were predicting WW3 was about to breakout. Your knowledge of geopolitical and military strategy is breathtakingly naive. Now you are a day trader to boot, amazing! |
Posted at 18/4/2024 09:50 by sapphireblue1 We'll see. The Ukraine war risk was accepted very quickly. This has already been going on for 6 months it's had little issue so far. The share price dropped from around 570 to 510 so around 10% . Hardly anything significant given the rise from below £4.The only thing they are watching is other investors and looking for opportunity. This year will generate huge profits despite the issues with 0.3% of the routes. The crews and aircraft will more than make up for that on other routes. |
Posted at 18/4/2024 07:11 by nick100 easyJet plc (EZJ)Trading Update for the six months ended 31 March 2024 18-Apr-2024 / 07:00 GMT/BST ═══ 18 April 2024 easyJet plc (‘easyJet&rsqu easyJet Trading Update for the six months ended 31 March 2024 easyJet reduces winter losses by >£50 million year-on-year as demand for our flights and holidays continues to build well for summer • Strong revenue performance in Q2 ◦ Passengers1 +8% YoY ◦ RPS +8% YoY- ahead of mid-single digit guidance ▪ Load factor -1ppt YoY ▪ Ticket yield +9% YoY ▪ Ancillary yield +10% YoY • Winter FY24 loss reduced by >£50 million YoY ◦ H1 RPS +5% YoY ◦ H1 CPS ex fuel flat YoY - in line with guidance ◦ easyJet holidays c. £31 million PBT, +206% YoY ◦ Headline loss before tax expected to be £340 - £360 million • Capacity growth on track ◦ H2’24 c.59m seats on sale, c.8% increase YoY ▪ Q3 Capacity on sale c.28m, c.8% increase YoY ▪ Q4 Capacity on sale c.31m, c.7% increase YoY • Positive outlook for FY24 ◦ Q3 Airline RPS expected to be slightly up YoY, with the Easter peak falling into March ◦ Q4 Airline RPS remains well ahead YoY with c. 30% of the program sold ◦ Continue to expect H2 CPS ex fuel to be up low single digits YoY ◦ easyJet holidays continues to expect >35% customer growth YoY in FY24 Summary easyJet has reduced its first half “seasonal&rdqu before tax expected to be between £340 and £360 million. This improvement was driven by targeted capacity growth where demand was strongest, alongside productivity and utilisation benefits which enabled ex-fuel unit costs to remain flat year-on-year. The result was achieved despite headwinds from fuel cost (per seat inflation of +6%) and the conflict in the Middle East which resulted in a direct impact2 of c. £40 million in H1’24. Flying into Israel has now been suspended for the summer with this limited capacity (c.0.3% of planned summer flying) being redeployed across the network. We continue to drive growth at easyJet holidays, with £31 million of profit before tax (+206% compared to H1’23) and 42% customer growth year-on-year. Easter demand was particularly strong, benefitting March due to its early timing. Operational performance was good with peak daily flights broadly in line with summer levels. On-Time Performance (OTP) over Easter improved year-on-year as a result of easyJet’s targeted resilience actions. Bookings for summer 2024 continue to build well, with an increase in volume and pricing compared to the same period last year, underpinned by strong demand for easyJet’s primary airport network. Q3’24 currently has c. 60% of the program sold, +1ppt and Q4’24 is c. 30% sold, +2 ppts year-on-year. easyJet holidays has currently sold 70% of the plan for this summer. Johan Lundgren, CEO of easyJet, said: “The importance that consumers place on travel coupled with easyJet’s trusted brand has driven good demand for our flights and holidays. Our growth and focus on productivity have reduced winter losses by more than £50 million. “We have further enhanced our network with the launch of new bases in Alicante and Birmingham providing greater choice for consumers across Europe. “We are well set up operationally for this summer season where we expect easyJet to be one of the fastest growing major airlines in Europe and take more customers on easyJet holidays than ever before.” Fuel & FX Hedging Jet Fuel H2'24 H1'25 USD H2'24 H1'25 Hedged position 69% 43% Hedged position 70% 46% Average hedged rate $822 $825 Average hedged rate 1.25 1.25 ($/MT) (USD/GBP) Current spot ($/MT) at c. $865 Current spot (USD/GBP) at c. 1.25 17.04.23 17.04.23 Capacity During Q2 easyJet flew 19.3 million seats, in line with guidance, a 9% increase on the same period last year when easyJet flew 17.7 million seats. Load factor was 87% (Q2 FY23: 88%). Passenger1 numbers in the quarter increased to 16.8 million (Q2 FY23: 15.6 million). March Q2 Q2 January 2024 February 2024 2024 FY24 FY23 Number of flights 27,756 36,630 42,828 107,214 99,273 Peak operating aircraft 275 278 297 297 267 Passengers1 (thousand) 4,216 5,767 6,861 16,844 15,631 Seats flown (thousand) 5,008 6,596 7,720 19,324 17,692 Load factor 3 84% 87% 89% 87% 88% Revenue, Cost and Liquidity Total group revenue and headline costs for the first half are expected to be around £3,270 million and around £3,620 million respectively. Pricing was very strong at the start of the period, with October seeing RPS of +12% year-on-year. However, the onset of the conflict in the Middle East on 7 October resulted in a pause in flights to Israel and Jordan and a temporary slowdown in flight bookings for the wider industry. Demand and bookings recovered strongly from late November with the second quarter seeing RPS of +8% year-on-year, supported in part due to the start of Easter holidays falling into March. Our focus on increased productivity and utilisation offset inflationary cost pressure, which all airlines and the wider supply chain continue to see. This resulted in non-fuel unit costs being flat year-on-year, as previously guided. easyJet continues to have one of the strongest investment grade balance sheets in European Aviation (Baa2, stable, by Moody's and BBB, positive, by Standard & Poor's). As at 31 March 2024 our net cash position was c.£146 million (31 December 2023 net debt: £485 million). easyJet repaid a €500 million Eurobond which matured in October 2023 and then on 20 March 2024 easyJet issued an €850 million bond with a coupon of 3.750%, maturing in 2031. Financing costs benefitted from a decrease in gross debt and a rise in the interest rate on floating-rate cash deposits. However, foreign exchange movements over the period resulted in a non-operational, non-cash FX loss of £6 million from balance sheet revaluations. (£’m) Low High H1 24 Group headline EBITDAR range 5 25 H1 24 Group headline EBIT range (350) (330) H1 24 Group headline loss before tax range (360) (340) Variance H1 24 numbers are circa and rounded to the H1’24 H1’23 middle of the range provided above Favourable / (Adverse) Passenger revenue (£’m) 2,050 1,749 17% Airline ancillary revenue (£’m) 910 767 19% Holidays revenue4 (£’m) 310 173 79% Group revenue (£’m) 3,270 2,689 22% Fuel costs (£’m) (915) (773) (18%) Airline headline EBITDAR costs ex fuel (£’m) (2,055) (1,824) (13%) Holidays EBITDAR costs4 (£’m) (285) (161) (77%) Group headline EBITDAR costs (£’m) (3,255) (2,758) (18%) Group headline EBITDAR (£’m) 15 (69) 122% Airline depreciation & amortisation (£’m) (352) (321) (10%) Holidays depreciation & amortisation (£’m) (3) (2) (50%) Group headline EBIT (£’m) (340) (392) 13% Airline financing costs excluding balance (13) (46) 72% sheet revaluations (£’m) Holidays financing costs excluding balance 9 0 n/a sheet revaluations (£’m) Balance sheet revaluations (£’m) (6) 27 (122%) Group headline LBT (£’m) (350) (411) 15% Airline passenger revenue per seat (£) 48.34 46.24 5% Airline ancillary revenue per seat (£) 21.53 20.22 6% Total airline revenue per seat (£) 69.87 66.46 5% Total airline RASK (p) 5.98 5.58 7% Airline headline cost per seat ex fuel (£) 57.28 57.15 (0%) Airline headline CASK ex fuel (p) 4.90 4.80 (2)% Airline fuel cost per seat (£) 21.60 20.43 (6%) Airline headline total cost per seat (£) 78.88 77.58 (2%) Sector length (km) 1,168 1,192 (2%) Cash and money market deposits (£’bn) 3.3 3.5 (6%) Net cash/(debt) (£’m) 146 (156) 194% For further details please contact easyJet plc: Institutional investors and analysts: Adrian Talbot Investor Relations +44 (0) 7971 592 373 Media: Anna Knowles Corporate Communications +44 (0) 7985 873 313 Olivia Peters Teneo +44 (0) 20 7353 4200 Harry Cameron Teneo +44 (0) 20 7353 4200 A copy of this Trading Statement is available at [1] 1) Represents the number of earned seats flown. Earned seats include seats which are flown whether or not the passenger turns up, as easyJet is a no refund airline and once a flight has departed, a no-show customer is generally not entitled to change flights or seek a refund. Earned seats also include seats provided for promotional purposes and to staff for business travel. 2) Direct impact of £40 million relates to the lost contribution in H1’24 from pausing flying to Israel and Jordan alongside the demand softness seen in Egypt following the onset of the conflict in the Middle East on 7 October 2023. 3) Represents the number of passengers as a proportion of the number of seats available for passengers. No weighting of the load factor is carried out to recognise the effect of varying flight (or "sector") lengths. 4) easyJet holidays numbers include elimination of intercompany airline transactions. This announcement may contain statements which constitute 'forward-looking statements'. Although easyJet believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. |
Posted at 12/4/2024 15:36 by sapphireblue1 Irrelevant. Most of the fuel is hedged well above the current price. It's not what's real it's simply about risk of how the share price will respond.The BBC say their "source' says a major attack today. It doesn't physically impact on easyJet at all but it does make traders think that it will impact investors. |
Posted at 14/3/2024 09:25 by sapphireblue1 Explain?? I don't understand. It's the market that doesn't see the value not me.Maybe some 250 trackers are exiting ahead of leaving the 250 on the 18th. Who knows and frankly who really cares. The market is rarely right and that's my experience. Of course this provides opportunities for investors and I have added more this morning. I will again if it drops. Just to avoid your stupid answer. It's rarely right because it's rarely static. If it goes down 2% was it wrong yesterday or right today if nothing material has changed. I fully expect transition turbulence and I am ready. |
Posted at 12/3/2024 09:37 by sapphireblue1 Noramping I don't agree but we'll see soon enough.I don't buy your view. The UK has been a basket case since Brexit and it will get worse. Commercially it makes easyJet more attractive. Currently there are way fewer investors and more gamblers and carpetbaggers. The 100 is a different environment to the 250 which in turn is so different from the trash markets below. I don't expect it to break down but if it does I am ready to take more. |
Posted at 07/3/2024 19:24 by pinemartin9 Hi Sapphire, slightly off topic but when you say most investors will buy more shares with their dividend this has always confused me. I should know this...but would you get the cash payment then use that to buy more shares? In most cases that would be quite modest and incur more charges, wouldn't it?Or, if you are set to auto invest for dividends does that avoid trading and stamp duty fees? Thoughts much appreciated. Thanks PM |
Posted at 07/3/2024 15:44 by sapphireblue1 Looming we have the return to the FTSE 100 on March 18. On March 22 we have the dividend payments where I suspect most investors will just buy a few more shares with the modest payment.April 18 the H1 trading update followed by the results on May 16. Hopefully before the summer really kicks off we should know a lot more. Looking across the popular destinations easter is more or less sold out on the peak dates. Some flights £400+ is the only option. |
Posted at 07/3/2024 06:13 by sapphireblue1 They are not really understanding this. The whole point is that a winter loss is inevitable, they can't just hire people and buy planes for the summer. Narrowing the loss is an obvious target but the difference can be wiped out in one summer day at full capacity.They talk about wafer thin margins but are they. Certainly the current price of travel rarely starts below €50 now. The £9.99 flights are gone. The fact governing easyJet over others is the lack of direct competition especially at regionals. Pushing the price up 15-20% hardly causes waves compared to the UK cost of public transport to get the another airport. People will pay for convenience every time. £10 a share doesn't look like a fantasy price to me but clearly a wary market needs a lot of convincing and any up progress will certainly attract consolidation as we see now. This is a product of the investors appetite for risk and insecurity. |
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