|Bid||1,476.50 x 0|
|Ask||1,477.50 x 0|
|Day's range||1,472.00 - 1,502.00|
|52-week range||840.00 - 1,557.50|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||16.82|
|Earnings date||19 Nov 2019|
|Forward dividend & yield||0.44 (2.93%)|
|Ex-dividend date||27 Feb 2020|
|1y target est||1,479.74|
It said it compared carbon dioxide emissions on six popular international routes from London and found that on four of them BA was the worst performer. On a flight between London Heathrow and Miami, a passenger on BA would emit almost a third more than for the same journey on Virgin Atlantic, it said, while between London Stansted and Palma de Mallorca, Spain, a BA flight emitted nearly 50% more than flying with Ryanair, Jet2 or TUI, it added.
Shares in Easyjet (LON:EZJ) have been in an uptrend in recent months, and the question now for investors is whether that price strength will continue. Finding8230;
British low cost airline easyJet said it would restart flights between the UK and the Egyptian resort of Sharm el-Sheikh in June following an almost five-year break. Last October the UK government lifted an advisory against British flights to Sharm's airport which had been in place since 2015 when a Russian passenger jet was bombed, killing all 224 people on board shortly after take-off from the resort. EasyJet said on Wednesday that from June it will offer two flights a week from Manchester to Sharm, and from September, two flights a week from London Gatwick.
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These FTSE 100 shares have all the hallmarks of being high-quality, buy-and-forget income stocks for the long haul.
(Bloomberg) -- JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists.The carrier also will begin using sustainable aviation fuel on its flights from San Francisco International Airport, the New York-based airline said Monday.JetBlue declined to disclose the cost of the offset program but said it won’t increase airfares as a result. The airline produces about 8 million metric tons of carbon-dioxide emissions each year and is working on a plan to compensate for international flights, said Sophia Mendelsohn, JetBlue’s head of sustainability.The carrier is following EasyJet Plc, Europe’s second-largest discounter, which in November announced it would become the first airline to offset carbon emissions from its flights. As concerns about the industry’s role in climate change have mounted, the number of people taking domestic flights has dropped in Germany and Sweden, where teenage activist Gareta Thunberg has spearheaded a campaign against air travel.JetBlue Chief Executive Officer Robin Hayes said his airline’s program isn’t a reaction to that growing criticism.“This is part of a long-term commitment we and the industry have to have to reflect the climate reality we are in,” he said in an interview. “Aviation has a central and important role to play, and has to make sure it’s preparing for the new climate we are operating in.”JetBlue fell less than 1% to $18.48 at the close in New York. The shares advanced 17% last year, while a Standard & Poor’s index of the five largest U.S. carriers climbed 10%.Protecting TreesJetBlue will earn carbon credits by investing in projects that protect forests from destruction; develop solar and wind farms instead of coal, diesel or furnace oil to generate power; and capture landfill production of methane, which can be converted into a renewable energy source.The airline said its investment is a cost of doing business, though notes that the expense of carbon offsets is likely to rise with demand. “By purchasing these now, we’re ostensibly locking in a hedge against rising CO2 prices,” said Mendelsohn, the sustainability chief. Other U.S. carriers purchase offsets on a more limited basis.JetBlue is working with sustainability consultants EcoAct and South Pole, as well as Carbonfund.org Foundation, a nonprofit organization that’s funded carbon-reduction and tree-planting projects across more than 40 states and 20 countries.Ensuring Legitimacy“We have put an incredible amount of rigor behind making sure these are real, they’re legitimate, they’re auditable, they’re traceable,” Mendelsohn said. “We selected a carbon offset partner with a long-term reputation that’s survived the squalls of carbon offsetting ups and downs.”While environmental advocates have praised corporate steps to reduce climate impact, they’ve also questioned whether buying offsets is enough and said that reducing emissions is more effective. If the airline industry were a country, it would rank among the top 10 emitters, according to the European Union.Projects such as capturing landfill gasses are considered a direct reduction of emissions, while preserving a forest is an offset because the trees that absorb carbon dioxide from the air already exist, said Bruno Sarda, president of CDP North America, a nonprofit that collects data from companies on climate change and environmental impacts. JetBlue, he said, has been at the forefront among airlines in addressing the issue.“We do expect airlines to continue ramping up their commitments,” Sarda said. “For sure the economics matter to them, but I think they realize the global constituency for climate change keeps rising, and people are looking at airlines as a luxury that may conflict with their desire to reduce climate impact.”JetBlue also will purchase renewable jet fuel from Finland’s Neste Oyj, mixing between 25% and 40% of the alternative with conventional fuel to power the airline’s 17 daily flights from San Francisco by midyear. The Neste MY fuel is produced from waste and residue raw materials and, according to the manufacturer, can reduce emissions by as much as 80% versus fossil-based jet fuel.The carrier has invested in emission mitigation projects since 2008, offsetting 2.6 billion pounds of CO2 emissions. It also has switched baggage tractors and belt loaders at New York’s John F. Kennedy International Airport to electric power, a change it plans to extend to 40% of its owned fleet by 2025.(Updating with environmentalist comment beginning in 13th paragraph. An earlier version of this article corrected the attribution for the ranking of top emitters.)To contact the reporter on this story: Mary Schlangenstein in Dallas at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Today we'll take a closer look at easyJet plc (LON:EZJ) from a dividend investor's perspective. Owning a strong...
Royston Wild discusses a top Footsie share that he thinks could help you get rich. Come and take a look!
(Bloomberg) -- Mounting concern about carbon emissions may be altering travel habits in Europe’s largest economy as figures from German airports show a steady decline in passengers taking domestic flights.The number of people flying between German cities fell 12% in November from a year earlier, according to the ADV industry group, marking a fourth straight monthly drop and mirroring a pattern emerging in Sweden, where teenage activist Greta Thunberg has spearheaded a campaign against air transport. Rail firm Deutsche Bahn AG has meanwhile reported record passenger numbers.The data adds to signs that climate change is fostering a sense of so-called flying shame -- flygskam in Swedish -- that’s causing some people to avoid one of the most polluting forms of travel. The phenomenon may be more advanced in Germany after the country suffered a series of extreme weather events that saw it buffeted by thunderstorms and the River Rhine running dry.“To me, this is evidence of heightened awareness of climate change turning to consumer action,” said Stefan Goessling, professor of transport economics at Linnaeus University business school, Sweden, who analyzed the data and found a slowing economy, strikes and airline failures didn’t fully explain the slump.The figures come as Germany’s parliament votes on a climate package including a tax cut aimed at reducing train ticket prices by around 10%, while Deutsche Bahn is targeting 100% renewable electricity to power trains on inter-city routes. UBS last month said Europe may be set for a “high-speed rail renaissance” as deregulation aids better services and cheaper fares.Not Exactly the Orient Express, But Europe’s Sleepers Are BackThe ADV numbers show that flights from Germany to other European countries have also declined to a lesser degree, something that might be accounted for by the relative uncompetitiveness of rail on trips much beyond four hours.The tally for inter-continental journeys, where surface transport isn’t practical and which are often less discretionary than shorter ones, involving family visits and key business events, is still increasing.The German trends replicate those seen in Sweden, where airport operator Swedavia AB reported in April that passenger numbers had dropped for seven consecutive months, just as state rail operator SJ posted record figures.In Germany, which has suffered record-breaking heatwaves and a drop in Rhine water levels that halted barge shipments, caused fuel shortages and disrupted power production, the environment has become the most pressing issue among voters, according to pollster Matthias Jung. Support for the country’s Greens is above 20%, trailing only Chancellor Angela Merkel’s Christian Democrats.ADV has suggested other issues may be at play in the slump, including strikes at Deutsche Lufthansa AG and the cancellation of routes between Berlin and three other cities. Goessling said that explanation doesn’t stack up given that air-passenger numbers have declined across the country. Neither is the economy likely to have been a major factor, with household spending up 1.8% in the third quarter and consumer confidence rated “exceptionally high.”Kepler Cheuvreux analyst Ruxandra Haradau-Doeser said it’s too early to be sure what’s prompting the slide in domestic flying, though tax regimes aimed at cutting train fares will inevitably weigh on airline volumes and put carriers spanning Lufthansa to discount specialist EasyJet Plc under extra pressure.Deutsche Bahn reckons annual passenger numbers on long-distance trains will reach 260 million by 2040, almost double the 2015 total, while Austrian’s state railway operator is adding night-train capacity in expectation of rising demand.The European Union plans to impose a jet-fuel levy as part of its new Green Deal. Carriers including Ryanair Holdings Plc oppose the move and say nations could more effectively lower carbon emissions by investing in sustainable fuels and electric planes and simplifying air traffic control networks.Alexandre de Juniac, head of the International Air Transport Association, last month urged carriers to better communicate what they’re doing to reduce emissions, warning: “We expect anti-flying sentiment to grow and spread.”(Updates with detail on German climate package change, night trains)\--With assistance from Hanna Hoikkala.To contact the reporters on this story: William Wilkes in Frankfurt at email@example.com;Richard Weiss in Frankfurt at firstname.lastname@example.orgTo contact the editors responsible for this story: Reed Landberg at email@example.com, Christopher Jasper, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares in engineering firms and airlines dropped across Europe after Boeing said it was pausing production of the troubled 737 MAX.
Ever since the UK voted to leave the European Union in the June 2016 referendum, the country has been in a state of paralysis. That looks to be over now thanks to a thumping win in the general election for Prime Minister Boris Johnson and his ruling Conservative Party. It seems certain now that the […]
(Bloomberg Opinion) -- Michael O’Leary of Ryanair Holdings Plc is an unlikely spokesman for how aviation can avoid killing the planet. The budget travel evangelist has delighted in disparaging “eco-warriors” and casting doubt on climate science. But as chairman of the European airline association, A4E, he’s now front and center of the effort to persuade governments not to impose new climate taxes on the industry. It’s not going well.This week the European Commission’s president Ursula von der Leyen unveiled a plan to make the continent carbon neutral by 2050. Her Green Deal is still thin on detail, but it’s already prompted plenty of criticism — from the green groups who say it doesn’t go far enough to the big polluters who fear it will harm their competitiveness, such as coal-dependent Poland and the airlines.One aim of the Green Deal is to make the price of transport “reflect the impact it has on the environment.” Accordingly, Europe will review aviation’s tax exemptions — kerosene isn’t taxed — and consider cutting the free allowances allocated to airlines under Europe’s emissions trading system.The airlines think they’re being unfairly maligned. They contribute about 2% of global emissions, a fraction of what cars and trucks produce. But unlike road transport, the aviation industry doesn’t have a convincing plan to decarbonize. Europe’s airlines are spending 170 billion euros ($189 billion) on new fuel-efficient aircraft, but these will still spew out carbon. Synthetic fuels are expensive and battery limitations mean emission-free commercial flights are years away.Aviation is typical of the trade-offs we’ll have to make to get to net-zero emissions. So far we’ve only done the easy stuff that doesn’t force people to give up much or pay more for cheap products and services. The airlines are lobbying for better air traffic management in Europe’s crowded skies, which would cut the amount of fuel used. But there’s only a certain amount of carbon we can keep emitting before things go from bad to catastrophic.The question of who will have to cut back most on their polluting raises issues around economic growth and fairness: The top 10% of most frequent fliers took more than half of all flights from England last year, while almost half the population don’t fly at all. Airlines don’t even agree among themselves about whether to punish the business lounge elite or the weekend City breakers. IATA, the airline trade body, boasted this week that more than 4.5 billion passengers will take a flight this year as tickets become ever cheaper. The average return fare, adjusted for inflation and taxes, is almost two-thirds lower than it was 20 years ago. “Flying is freedom,” Iata’s Alexandre de Juniac intoned.But even flying fanatics are no longer convinced that its growth should be unconstrained. Over-tourism in the Mediterranean has brought this to wider attention. When the environmental impact of a business isn’t priced in, there can be such a thing as too much freedom. Ryanair makes the reasonable point that aviation taxes are a levy on the poor. Making flights more expensive will hurt those for whom 20 euros in new taxes, say, is the difference between flying and staying home. It’s fine to encourage people to take a train, but rail fares are often higher, and decent services are concentrated in richer European countries. A similar debate is raging in the car industry, where the cost of electric batteries could make small cars — often bought by the young and elderly — uneconomical.Hence the budget airline Wizz Air Holdings Plc struck a nerve with a video that calls for the business class cabins of its big legacy rivals to be banned.(2) “We think you’re doing great… harm to our planet… Are all those empty seats worth the damage they cause?” the narrator asks.Wizz is, of course, talking its own book; it doesn’t offer business class. But in a carbon-constrained world, abolishing business and first class isn’t so outlandish. Because of their ability to sell out flights and cram passengers on-board, Wizz and Ryanair are Europe’s two most efficient airlines when measured on CO2 per passenger km traveled.Naturally, the older carriers don’t see it that way. Ryanair’s promotion of tickets that cost less than 10 euros is “economically, ecologically and politically irresponsible,” according to the Lufthansa chief executive officer Carsten Spohr. KLM of the Netherlands is even encouraging consumers not to fly if they don’t have to.The airlines still hope to find a way out of the impasse. EasyJet Plc will offset the carbon produced by all its flights, for example by paying to plant trees. That will cost the airline just 25 million pounds a year, equivalent to about 26 pence per passenger or 3 pounds per ton of carbon produced. But such measures haven’t always delivered the promised benefits and have been likened to the old Catholic practice of selling indulgences. While the price of European carbon permits has risen above 20 euros a ton, that’s probably too low to really affect ticket prices or encourage the use of expensive synthetic fuels. In 2019 Ryanair paid 115 million euros for emission allowances, or less than 1 euro per passenger.(1) The Green Deal is billed as a “growth strategy” but nobody should pretend this won’t involve hard decisions. The noisy complaints are an industry realizing its license to expand and pollute is being revoked.(1) On flights lasting less than five hours(2) If you include air passenger duty, it claims the total for environment taxes is about 4 euros per passenger.To contact the author of this story: Chris Bryant at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Ryanair's outgoing chief operations officer Peter Bellew considered himself a "dead man walking" after a March performance review and resigned after being ordered to work at the airline's Austrian business, he said on Thursday. Bellew was speaking in court during a case brought by Ryanair to delay him joining rival easyJet for 12 months until 2021. Ryanair has said Bellew possesses information of competitive value covered by a non-compete clause.
Holiday company TUI Group said the grounding of its Boeing 737 MAX planes would continue to drag on profits, with a hit of up to 400 million euros possible in its 2020 financial year if the jet does not come back into service by May. The company, whose main rival Thomas Cook went out of business in September, said on Wednesday that earnings forecasts for the 12 months to end-September 2020 assumed a 130 million euro hit from the grounding.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of easyJet plc (LON:EZJ...
German airline Condor plans to more than double its operating profit margin, its chief executive said, hoping to lure in potential investors that will take it over following the collapse of its parent Thomas Cook. Condor, which filed for investor protection proceedings - which require that a business can still be saved - made adjusted earnings before interest and tax (EBIT) of 57 million euros ($63 million) in the last fiscal year. Its adjusted EBIT margin stood at about 3.4%, compared with 7.9% at larger rival Lufthansa.
Shares in EasyJet (LON:EZJ) are currently trading close to a 52 week high, with the share price up by around 2.46% to 1358.5p over the past week. On a one-mont8230;
Ryanair chief executive Michael O'Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver. Bellew resigned as Ryanair Chief Operations Officer in July and the Irish low-cost carrier, Europe's largest, has asked the Irish High Court to delay his departure to arch-rival easyJet , saying he is subject to a 12-month non-compete clause. Former Malaysia Airlines boss Bellew denies he is subject to the clause and plans to start working with the British airline at the start of next year.
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service. Ryanair has scrapped planned summer operations from bases in Nuremberg and Stockholm Skavsta, as well as some flights from other bases, "solely due to delivery delays" to MAX jets on order from Boeing, the company said in a statement. "We are continuing to work with Boeing, our people, our unions and our affected airports to minimise these capacity cuts and job losses," Ryanair added.