EZJ.L - easyJet plc

LSE - LSE Delayed price. Currency in GBp
1,482.50
+8.50 (+0.58%)
At close: 5:02PM GMT
Stock chart is not supported by your current browser
Previous close1,474.00
Open1,499.50
Bid1,482.50 x 0
Ask1,484.00 x 0
Day's range1,482.00 - 1,526.50
52-week range840.00 - 1,557.50
Volume1,038,852
Avg. volume1,965,418
Market cap5.681B
Beta (5Y monthly)N/A
PE ratio (TTM)16.88
EPS (TTM)N/A
Earnings date19 Nov 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1,479.74
  • Watch out! 2 dividend stocks I think could cost you a fortune in 2020
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  • I’d invest £500 in this fast-rising FTSE 100 stock in 2020
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  • EasyJet Says First-Half Loss to Shrink
    Bloomberg

    EasyJet Says First-Half Loss to Shrink

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.EasyJet Plc, Britain’s largest low-cost airline, said its loss over the winter low season is set to shrink as the collapse of tour operator Thomas Cook Group Plc pushes more customers its way.The stock rose the most on the FTSE-100 Index Tuesday after EasyJet said the shortfall for the six months through March is likely to be smaller than last year’s 275 million-pound ($358 million) loss. Robust demand and lower capacity levels at competitors have bolstered fares, the airline said.The collapse of U.K. travel giant Thomas Cook last September accounted for almost a fifth of the 8.8% gain in revenue per seat in the December quarter, Chief Executive Officer Johan Lundgren said on a conference call. The former TUI AG manager founded a new EasyJet Holidays division in November.EasyJet follows Irish rival Ryanair Holdings Plc in issuing positive guidance after a difficult year forced a clutch of operators into bankruptcy, with Thomas Cook the highest-profile casualty. The grounding of Boeing’s 737 Max will limit Ryanair’s expansion this coming summer, meaning the U.K. airline is well-placed to pick up extra demand, according to Sanford C. Bernstein.“Capacity growth looks moderate for this environment,” said analyst Alex Irving. “With Thomas Cook, the Max and the rest, why not go faster?” Lundgren is currently targeting a 3% seating increase over the year.Shares of Luton, England-based EasyJet advanced as much as 5.7% and were trading 4.3% higher as of 2:10 p.m. in London, the best performance on Britain’s benchmark index after stocks slumped worldwide amid concerns about the economic impact of a outbreak of coronavirus in China.While revenue is rising, so are costs. Peter Bellew’s arrival as chief operating officer from Ryanair could serve as a catalyst for progress, according to Irving and his colleague, Daniel Roeska. EasyJet founder Stelios Haji-Ioannou, owner of a 34% stake, said in a statement Tuesday that while he supports the airline’s capacity restraint, he plans to make a “token vote” against the re-election of Chairman John Barton at this year’s AGM to communicate his desire for a stronger focus on earnings growth. He said he wants the company to set a target of 200 pence in earnings per share by 2021. Analysts tracked by Bloomberg forecast 113 pence. Lundgren said that three-quarters of seats for the fiscal first half have been booked -- just over 1 percentage point ahead of the same time last year.Revenue per seat is now forecast to gain by a mid to high single digit percentage in the six months through March, after the carrier previously pointed to a low to mid single digit increase. First-quarter sales advanced 9.9% to 1.43 billion pounds as the passenger tally rose 2.8%.Lundgren also said on the earnings call that the company is engaging with the government regarding the controversial rescue of rival airline Flybe Group Plc, deemed vital in providing transport links within the U.K.The CEO said any reduction to the air passenger duty tax as a consequence of losses at Flybe, which was on the brink of collapse, should apply to the industry as a whole. He said it would be “unacceptable if benefits are given to one company.”(Updates with founder’s comment in eighth paragraph.)To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Christopher JasperFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    EasyJet's Stelios plans "token vote" against expansion strategy

    EasyJet's founder and biggest shareholder Stelios Haji-Ioannou said he planned to vote against the re-election of the budget airline's chairman in order to express his view that higher profits should be prioritised over capacity growth. Haji-Ioannou's "token vote" against chairman John Barton is meant as constructive criticism, he said, and will represent his opposition since 2017, when he challenged fleet expansion. Haji-Ioannou says that by 2021, easyJet will have 352 planes and will generate an estimated 110 pence of earnings per share, which is disappointing as more planes are not translating into higher profits.

  • EasyJet lifted by tailwinds from strong demand and Thomas Cook's demise
    Reuters

    EasyJet lifted by tailwinds from strong demand and Thomas Cook's demise

    British budget airline easyJet expects its first-half performance to improve from last year, it said on Tuesday, helped by robust travel demand and a slight easing of competition after the collapse of Thomas Cook. Reporting on the quieter winter period, easyJet flagged an upturn in its revenue per seat and said its first-half headline pretax loss would narrow from the 275 million pounds ($358 million) in the same period last year. Chief Executive Johan Lundgren said there was limited visibility on the key summer season, in which easyJet tends to make all of its profit, but he expects the positive momentum to continue.

  • Strong demand boosts Easyjet’s first-half outlook
    Yahoo Finance UK

    Strong demand boosts Easyjet’s first-half outlook

    Budget airline says robust demand is powering normally quiet winter period.

  • Reuters - UK Focus

    EasyJet sees H1 improvement on strong demand for flights

    British low-cost airline easyJet said its first-half performance would improve from last year as robust demand for flights helped it upgrade its forecast for revenue per seat. EasyJet on Tuesday said it now expected first-half revenue per seat to increase by mid to high single digits, compared to a previous forecast for it to rise by low to mid single digits.

  • Investing.com

    Premarket London: EasyJet Raises Revenue Guidance; Dixons Mixed Christmas Sales

    Investing.com - Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the UK market open on Tuesday 21 January. Please refresh for updates for UK market news from the LSE’s RNS on individual UK shares from FTSE 100, FTSE 250 and FTSE All-Share.

  • Simply Wall St.

    Why easyJet plc's (LON:EZJ) High P/E Ratio Isn't Necessarily A Bad Thing

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at easyJet...

  • Reuters - UK Focus

    British Airways often worse than rivals on emissions -consumer group

    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.

  • Relative Strength Alert: Will the Easyjet (LON:EZJ) share price keep rising?
    Stockopedia

    Relative Strength Alert: Will the Easyjet (LON:EZJ) share price keep rising?

    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;

  • EasyJet to restart UK flights to Egypt's Sharm el-Sheikh resort
    Reuters

    EasyJet to restart UK flights to Egypt's Sharm el-Sheikh resort

    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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  • Want to retire in luxury? Here’s a FTSE 100 stock I think you should buy in January
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  • JetBlue Moves to Become First Carbon-Neutral U.S. Airline
    Bloomberg

    JetBlue Moves to Become First Carbon-Neutral U.S. Airline

    (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 maryc.s@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Something To Consider Before Buying easyJet plc (LON:EZJ) For The 3.1% Dividend
    Simply Wall St.

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  • ISA investors: a FTSE 100 stock I think could help you get rich and retire early!
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  • Boeing 737 Max suspension sends shockwaves through airline industry
    Yahoo Finance UK

    Boeing 737 Max suspension sends shockwaves through airline industry

    Shares in engineering firms and airlines dropped across Europe after Boeing said it was pausing production of the troubled 737 MAX.

  • What the UK Election Result Means for Travel and Tourism
    Skift

    What the UK Election Result Means for Travel and Tourism

    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 […]

  • Business Class Flying Is Under Attack
    Bloomberg

    Business Class Flying Is Under Attack

    (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 cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis 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.

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