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Nutter, he didn’t quit, read between the lines, he was kicked out in a professional way.. he should’ve been shown the door in April after the ****show.. now that he is gone the guy who managed operations in 2019 is bk in charge.. u can keep posting kindergarten articles about doom and gloom but nothing will change the fact that we are operating at 90% of our highest ever year on record.. demand is there, supply will catch up, very simple
I feel sory for people who are stuck, have to get a hotel etc, this situation will cost a lot of airlines the one thing they want, I am getting the picture why the operations chief quit ... https://www.msn.com/en-gb/travel/news/passengers-panic-as-ryanair-cancels-10-flights-in-spain-amid-strike/vi-AAZ7mJo?ocid=msedgntp&cvid=65658751733045f5bc17b95cf6ddd136
Better to be understaffed with high demand than understaffed with low demand.
As I said before, the staff where cast aside when the pandemic was hitting, they will have some sort of resentment and want more money ... if they come back,to train a security guard is minimum of six months... plus the people who are having a bad experience trying to travel tend not to used that same service again if possible!
Because I only short indices jizzturd.
The whole market has been falling and keeps falling. Unfortunately ezj is not immune to this. Don't confuse marcro economic forces with mirco ones.
Well, I did my level best to sound a note of extreme caution when the BoA bolted. Medium term recovery play of course but typical of PI's to wade in too early.
Development of patience is a good sign that you are on the journey to be a decent investor...
A disaster in the making with the sp like most of investments. I would hope that EZJ doesn't actually go out of business but difficult to see what will keep it aloft for much longer.
How can a C.O.O 'resign' immediately yet ensure a smooth transition? Or have I got the other kind of transition confused?
5p off 12 month low, on long term watch list: patience is everything with this form of gambling...
The share price did not double through the pandemic. EZJ went in at £12.60 and crashed to £4, then as the pandemic went on it recovered some of the loss due to gov employment support and likely pandemic outcomes (travel restrictions, vaccines, variants, etc) it peaked around £10 as sentiment of recovery grew (note Wizz and RYN were 20% above pandemic entry level - EZJ never exceeded the pandemic entry point).
Unfortunately, and not really predictably, just as the pandemic was ending (shares were £7) the war started and shares collapsed again. The war was much more disruptive than expected as it was toughly fought and brutal and had a wider range of sanctions.
EZJ have been hit moderately hard (WIZZ collapsed 80% from peak) but have not had routes effected by war, so the price move is due mainly to sentiment and oil prices which were further compounded by the lack of staff across the airports and airline itself. Imagine where we would be if demand was 60 or 70% of 2019 (instead of 120%+, although not able to be fulfilled).
Currently they will have enough cash on hand to buy all issued shares back and still have a similar working capital to 2019. I'm not saying this is about to rocket but fundamentals are still there as a good long term investment and as I'm a long term investor then I'm fine with this.
GLA
Teacher and civil servant proposed pay rise money got to go somewhere.
Any reason for the rise today. Inflationary pressures easing?
Toddju, just over 1y ago sp was@ over £10. It had doubled (through pandemic), no idea why, I thought it crazy overpriced: still there were posters on this bb saying, "Hey, we're on the way back!" No reference to the airline running a skeleton service, nor the revenue lost last 15m, continuing costs. So, now we're not much over a third sp but with close to full schedule, good loadings many at right price. If it could double then, it can triple now, or more. Markets are just not rational, despite what that blonde PM said. It can fall too, be lucky.
Imagine you worked for an airline company, and when things went bad ie covid, you where cast aside then they wanted you back how would you feel! ... air taxis will have a hard time!
Mention of profit, and yes I am serious.. u obv haven’t been around long enough to understand that this is just temporary and many will use this opportunity to load up before the correction upwards.. unless covid makes a come bk, Q3 results will set the tone for the rest of the year
Q3 results, seriously do some research….
thats not a bounce thats the shorts loading up ......https://www.msn.com/en-gb/money/other/airbus-and-boeing-cabin-maker-collapses-into-administration/ar-AAZ1sc5?ocid=msedgntp&cvid=72d0115810784f00928c3c232d2ab3a5
Back in @355 , surely there will be a bounce here ?
1 post pros out in force today lol, let’s see where if ull show up in 3 weeks time
Well, I did my best to flag up risk levels here. Nowhere near a sensible entry point imo: next Feb/March maybe...
Classic dead cat bull trap bounce suck-in.
Well, I did my best trying to help people not too get locked in, fuel hedging works both ways...Bank of America flogged a load at you guys in the high 4's...
Nigel, u don’t seem to understand that oil price right now is inflated and doesn’t represent the true market value.. Russia has been selling oil to India and China so there isn’t really any shortage of oil, and Arabs will open the tap again due to pressure from US.. politicians will react very soon, if they don’t ppl will vote them out… in march majority were pro Ukraine, however now that life has become very expensive, majority no longer care and just want to live a life they can afford.. this hysteria and high oil prices won’t last
Was orange:)