|Bid||1,329.00 x 0|
|Ask||1,331.00 x 0|
|Day's range||1,328.50 - 1,342.50|
|52-week range||840.00 - 1,367.50|
|Beta (3Y monthly)||0.89|
|PE ratio (TTM)||27.19|
|Earnings date||19 Nov 2019|
|Forward dividend & yield||0.44 (3.26%)|
|1y target est||1,479.74|
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry. Schram, who does not have a background in aviation, joins Norwegian from management consulting company McKinsey and was previously a top executive in the petrol retail industry, Norwegian's board said on Wednesday.
Carbon offsetting, already a multi-billion dollar industry, will get a major boost from the launch of an international scheme to offset aviation emissions, called CORSIA, in 2021. The global market for offsets of economy flights alone is set to reach $3.8 billion a year by 2025, analysts at Citi say. Aviation already accounts for some 2% of global greenhouse gas emissions and green groups have accused the sector of using offsets to try to buy out of the problem cheaply.
EasyJet's pledge to offset its carbon emissions isn't the end of its efforts to clean up its act, the budget airline's chief executive said, adding it will look into hybrid and electric planes amid criticism the aviation sector isn't doing enough. On Tuesday, easyJet said it would become the first major airline to achieve net-zero carbon emissions across its whole network through offsetting of its flights. The aviation industry accounts for over 2% of global greenhouse gas emissions, and if left unchecked emissions are expected to rise as passenger and flight numbers increase.
Shares in easyJet (LON: EZJ) pick up as the firm eyes the package holiday market, but I think there's a need for caution.
EasyJet has said it is going to become the first airline in the world to operate net-zero carbon flights through offsetting emissions made by its planes by, among other things, planting trees. The budget airline said it would invest around £25m over the next financial year in activities including "forestry, renewable and community based projects". EasyJet promised to support the development of hybrid and electric planes and help "reinvent and de-carbonise aviation over the long-term".
Britain's easyJet aims to become the world's first major airline to operate net-zero carbon flights across its entire network, it said on Tuesday after posting full-year profit towards the top end of expectations. In addition to the plans to offset emissions from flying, the budget carrier also announced that it would launch easyJet Holidays in Britain by Christmas, offering its own beach and city breaks after the demise of tour operator Thomas Cook. The carbon offset programmes will cost about 25 million pounds a year, though Chief Executive Johan Lundgren acknowledged that longer-term solutions are also needed.
European stocks reversed course to close lower in a choppy session on Tuesday as lack of clarity on the progress of trade talks between Washington and Beijing kept investors from making bold bets. The pan-European STOXX 600 index rose 0.5% to its highest level since July 2015 in morning trade but pared gains to closer marginally lower tracking Wall Street's retreat from record highs in early U.S. session. Reports indicated on Monday that Beijing was pessimistic about the prospects of sealing a trade pact with Washington sending markets in a tizzy.
London's FTSE 100 shed most of its earlier gains but still managed to close higher on Tuesday, as sentiment was supported by a surge in safety equipment maker Halma and hopes of more stimulus from economic powerhouse China. The FTSE 250, which had jumped over 1% earlier, ended with a 0.4% gain, still hovering at a 14-month high. Markets are viewing a prospective Tory victory as a positive on hopes that Prime Minister Boris Johnson, with a majority in parliament, will be able to reduce uncertainty by delivering Brexit on or before the Jan. 31 deadline.
Britain's easyJet is implementing plans to become the world's first major airline to operate with net-zero carbon across its flight network, the budget carrier said on Tuesday as it also flagged improving bookings after a tough 2019. In addition to the plans to offset emissions from flying, the company also announced that it would launch easyJet Holidays in Britain by Christmas, offering its own beach and city breaks after the demise of tour operator Thomas Cook. Airlines have come under increasing pressure to reduce emissions in the face of the growing "flight shame" movement, formed in easyJet boss Johan Lundgren's native Sweden.
Boeing's 737 MAX took centre stage at the Dubai Airshow on Tuesday as airlines announced plans to order up to 50 of the jets worth $6 billion at list prices despite a global grounding in place since March. Kazakhstan flag carrier Air Astana said it had signed a letter of intent to order 30 Boeing 737 MAX 8 jets for its FlyArystan subsidiary. Air Astana, which operates Airbus and Embraer jets in its main network, said it was confident in Boeing's ability to resolve problems with the MAX.
Investing.com -- Here is a summary of regulatory news releases from the London Stock Exchange on Tuesday, 19th November. Please refresh for updates
British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively. Thomas Cook's UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets. EasyJet bought Thomas Cook's slots at London Gatwick and Bristol airports for 36 million pounds ($46 million), while Jet2.com, owned by Dart Group, bought slots at Manchester, Birmingham and Stansted for an undisclosed price.
Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany's largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers. An end to the row over pay and pensions, and the legal status of flight attendants' union UFO would relieve the company of a major headache. Lufthansa faces intense competition from Ryanair and easyJet and has reacted by cutting costs and announcing a turnaround plan for its budget unit Eurowings, which it said on Thursday was paying off as it reported better-than-expected quarterly figures.
Today we are going to look at easyJet plc (LON:EZJ) to see whether it might be an attractive investment prospect...
Trade unions in Rome staged a general strike on Friday to denounce what they said was the dire management of the Italian capital by Mayor Virginia Raggi and her ruling 5-Star Movement administration. Workers from more than a dozen firms controlled by city hall, including the public transport system and garbage collectors, walked off the job, warning that the city was falling apart. "Three years after the election of Raggi, Rome has been abandoned.