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 Shares Traded Last Trade
  -10.60 -2.71% 380.20 1,508,927 16:08:06
Bid Price Offer Price High Price Low Price Open Price
380.10 380.30 392.00 376.80 384.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 1,458.00 -1,036.00 -159.00 2,882
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:30 O 1,934 380.1761 GBX

Easyjet (EZJ) Latest News

More Easyjet News
Easyjet Investors    Easyjet Takeover Rumours

Easyjet (EZJ) Discussions and Chat

Easyjet Forums and Chat

Date Time Title Posts
06/12/202211:32Easyjet 2014 and beyond16,439
14/9/202208:05Easymoney with EZJ5
13/7/202217:10easyJet Half Year Preview 17.05.201913
01/6/202011:21EZJ 20058,801
23/9/201922:16*** easyJet ***315

Add a New Thread

Easyjet (EZJ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Easyjet trades in real-time

Easyjet (EZJ) Top Chat Posts

Top Posts
Posted at 29/11/2022 12:15 by sikhthetech
Good results and good to see Johan, CEO, agree with my comments that EZJ does well in tough times as many people (for sake of kids and their own wellbeing) still go on holidays (for their kids and own wellbeing) but look at cheaper alternatives.

"easyJet has achieved a record bounce back this summer with a performance which underlines that our transformation is delivering. The summer saw easyJet achieve its highest ever earnings for a single quarter with headline EBITDAR of GBP674 million, ancillaries up by 59% on FY19 and easyJet holidays well on its way to its GBP100m target.

"easyJet does well in tough times. Legacy carriers will struggle in this high-cost environment. Consumers will protect their holidays but look for value and across its primary airport network, easyJet will be the beneficiary as customers vote with their wallets.

sikhthetech - 14 Oct 2022 - 12:45:33 - 16261 of 16424 Easyjet 2014 and beyond -
I think people will move more to low cost airlines like EZJ to save money.
People don't give up holidays, they simply down grade to shorter trips, more cost effective hols, which is perfect for carriers like EZJ.

Look at the period during covid. People didn't give up holidays and sat at home because of covid, staycation flourished. Then when other countries opened up, they went abroad as soon as they could.

Posted at 21/11/2022 08:17 by halfpenny
MOST who Holiday are the White Hair Pensioners who had a nice 10% increase and will holiday far more..

Travel should be fully booked for EZJ. Share price 450-500 and more with a potential takeover by BA/IAG who need the slots to handle massive demand as Inflation Drops and Triple Loch Remains.

Posted at 23/9/2022 15:49 by danvandan
Who says I'm talking about 'one day'? The shares are in an established downtrend, the wider economy is in a downtrend, inflation is in an uptrend, interest rates are in an uptrend. No hearsay and no speculation - these are the facts. EZJ's share price is responding accordingly - you'd have to be blind or stupid to not see it.

Btw, hedgies are shorting EZJ hugely again - the smart money agrees with me.

Posted at 23/9/2022 15:38 by danvandan
selkirk, perhaps you should continue to post even more rarely - unlike you, I've been completely right about EZJ so far this year. The end is nowhere in sight. We may well go below £2 here.

Jason, I presume you're the same excited mustard sandwich fan who latterly posted as jasonpugh. You were wrong back then and you are continuing to be wrong now. EZJ boasting about their little holiday company is a red herring. The main business has lost money all year long, despite a claimed massive recovery in passenger numbers. Final year accounts after Q4 will likely show a £750m loss. The fact is that the market continues to evolve badly for EZJ; fewer in-person meetings due to online meetings now being the norm, has taken a huge amount of business travellers out of EZJ's customer base; recession will reduce the number of ordinary holidaymakers, especially families; inflation is hiking costs for EZJ in every direction, but especially fuel and labour costs. All of this is adding up to a number of profitless years for EZJ, and given high interest rates, possibly another rights issue.

There are an awful lot of rampers here who seem to be in denial about what the share price is telling them. These are the same people who were claiming that the shares would soon be back at £7+ over recent weeks and months. I suggest you all stop mindlessly ramping and get comfortable with being in a loss-making basket-case for a couple of years.

Posted at 23/9/2022 04:18 by danvandan
The board did NOT 'walk away from 800p'. No bid has been made for EZJ and no bid will be made for this business since it is hemorrhaging cash in a tough market where there is lots of competition. A false rumour was encouraged by the management team about a 'bid' during the last rights issue, purely to ramp up the share price. If there HAD been a bid, it would have HAD to have been put before shareholders - those are the rules. The management don't own the company. Spin and dishonesty have unfortunately characterised much of EZJ's communication with customers and investors this year, especially concerning volumes and revenue, constantly claiming that volumes were at or near '2019 levels' only for the revenue to not appear when the accounts are due.

Another rights issue is more likely imv, to avoid EZJ falling into a debt trap.

Posted at 22/9/2022 16:02 by danvandan
Recession is rushing towards us, consumers are tightening belts and easyjet's future profits are smaller and being pushed further into the future.

Current market cap is £2.4m. If the business makes half what it made in 2019, a record year for flying, in the next financial year, then that will be about £180m. On a forward p/e of say 12 (given the demonstrably high risk nature of easyjet's business) I reckon a market cap of £2.2bn might be fair (shareprice of £2.80). That's assuming there isn't a complete collapse in consumer sentiment, because if that happens, all bets are off and the share price drop could well overshoot below £2.

The cost of compensation has been significant (wiping out Q3 profits) and the reputational damage will reduce future bookings. Q4 will show the level of damage to consumer confidence with regard to easyjet's bookings. Meanwhile, the drop in consumer spending will massively hit EZJ's customer base.

The EZJ share price has a lot further to fall imo.

Posted at 13/6/2022 14:42 by danvandan
The shares are being dumped bigtime. Jasonpugh has probably expired due to all the mustard sandwiches that he's agreed to eat, despite his allergy. He will be missed.

Meanwhile, recession is rushing towards us, consumers are tightening belts and easyjet's future profits are smaller and being pushed further into the future.

Current market cap is £3.2m. If the business makes half what it made in 2019, a record year for flying, then that will be about £180m. On a forward p/e of say 12 (given the demonstrably high risk nature of easyjet's business) I reckon a market cap of £2.2bn might be fair (shareprice of £2.80). That's assuming there isn't a complete collapse in consumer sentiment, because if that happens, all bets are off and the share price drop could well overshoot below £2.

The next big move will most likely follow the release of EZJ's Q3 numbers. There'll probably be some good news in there on load factors, but the cost of compensation will be significant and the reputational damage will reduce future bookings. Because if you've got kids, why would you book flights for a family of four never knowing for sure whether they'll go ahead? How can you pay the deposit on the hotels? Why risk it? Staycations can be planned with greater certainty. Also the cost of a foreign holiday will be too much for many. Q4 will show the level of damage to consumer confidence with regard to easyjet's bookings.

The EZJ share price has a lot further to fall imo.

Posted at 21/5/2022 15:46 by danvandan
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.

Posted at 20/5/2022 16:13 by thornintheside
Share price here is almost at 2019 levels. Don't forget that EZJ has had TWO rights issues during the pandemic and issued new shares so that there are virtually twice as many now as there were in 2019. That would make today's price of 520p the same as £10.40 in 2019. EZJ has NOT LAGGED in share price recovery. The shares have nearly completely recovered. There is no 'recovery story' to be had with these shares. Look at the market cap and the price/earnings ratio. On current prices the shares are WAY OVERPRICED!!!

This business lost another half a billion pounds in H1. In January the ceo said that bookings were close to 2019 levels for summer but clearly either that is untrue, or EZJ were selling seats much cheaper and costs are way higher. Either way, the ceo is running out of runway because the next quarter IS the summer season. He can't keep saying 'close to 2019 volumes' and still keep showing huge losses. I reckon it will take EZJ several years to clear its debts and become profitable. By the end of this year, I suspect the ceo will be found out and he will be gone.

Posted at 10/11/2021 15:31 by danvandan
Bank of America have been trading EZJ if the RNSs are to be taken at face value, and they reduced their position to practically zero a week or so ago. The RNS showing 'latest' position applies to last week; you can be sure they've been selling this week.

We're at a key 'support' level now; if we break below 618p, the shareprice could go into freefall.

A number of factors are weighing on the shareprice:
1. New EU/Brexit crisis with the prospect of the UK Govt's article 16 being invoked and a retaliatory threat of the annulment of the brexit deal with the EU occurring.

2. Rising covid infections and deaths across Europe, meaning that travel restrictions will remain in place or become more severe again, plus a reluctance on people generally to travel - who wants to visit Spain and walk around in a facemask all day? It's not the carefree place it used to be. Some people will do anything for a bit of sun, but many others will consider it too much trouble, especially with third jabs becoming part of the new travel requirements.

3. Rising costs; oil price is hitting EZJ along with wage inflation and airport costs.

4. Loss of business travellers; some will resume meetings abroad but a big part of this market has moved online to work digitally. Everyone is a lot more comfortable with online meetings now.

5. Debt; EZJ indebtedness is likely to be well over £2bn in loans and lease obligations and the business may still be running at a loss.

6. High shareprice; there are now twice as many shares as in 2019, so £6.30 is the new £12.60, about 20% down on the peak price of £15 back in Jan 2020 BEFORE covid hit, when EZJ paid dividends and had only small debt. So now we have a market cap of £4.9bn for a company that has massive debt, low earnings (or possible ongoing losses), rising costs, in a permanently smaller market.

7. All the good news is over. US market is open. But there's plenty of potential for yet more bad news.

8. No dividends for years to come until the debt is down to a manageable level. A p/e of 18 might have been ok for EZJ when it was a dividend payer, but not as a risk-ridden carrier. Aviation isn't like digital business (constantly expanding). EZJ's business is in a mature market without the potential for exponential growth. This share price has to come down to a more realistic level in line with its future earning potential.

My view is that this has a lot further to fall, probably to around £4 and possibly lower.

Easyjet share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221207 16:23:53