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TUI results stated 40% summer sold (from recollection) so looks in alignment to me.
Looks like all the little fish have been shaken out now time for the big boys to hoover up. Seen it so many times.
I think the ceo retirement announcement has been a factor because accountants are not generallly seen as operationally savvy and a bit more confidence needs to be built around the new regime imv.
Enjoy your breakfast. Young family I know, using food bank etc, going to Lanzarote 06 June. They even got the grandparents to pay for passports for kids. Holidays more important than kitchens and sofas. One life, live it X
You called the SP price point very well indeed ;-)
Hi @ Stille
Drop this morning over done would have replied sooner just got up as it started raining & i feel of my free accommodation . Park bench
Hold tight gla off for breakfast
The consumer will pay whatever to get away - it has never been so good.
Thank you for that drop - 10K top up done!
It will be a win in 6 ~ 12months period
Has the consumer finally been spooked by high ticket prices ?
39% of the summer tickets ONLY sold.
Think after Ryanair and now Easyjet today the space is coming under pressure, the good times from 18 months have now passed
Seems the seller is out and the investors snapped up the bargain of the day - will IAG now dust off the bid while the price is low ?
EasyJet will always make a winter loss, they are scaled for the summer where H2 will reach £1bn profit this year up from £850m last year.
Rising fuel costs. Are they, looks like the price of jet fuel is reducing and they can expect a much lower hedge moving forward.
Load factor decline. Hardly significant given the average seat prices.
Exchange rate largely hedged and the same for all European airlines.
Any more nonsense
Are you coming back to revisit? We need a bit of humour here! X
# EasyJet FY24 Earnings Outlook: Positive Summer Demand Drives Optimism Amid Challenges
EasyJet's latest financial update reveals a complex picture as the airline navigates its post-pandemic recovery. While the carrier has reported several encouraging metrics, some challenges remain. Here's a breakdown of the key positives and negatives from easyJet's FY24 outlook.
### Positives
1. **Strong Summer Demand**: EasyJet anticipates a robust summer demand that is expected to deliver strong earnings growth for FY24, buoyed by an uptick in passenger volumes and yield improvements.
2. **Reduced Winter Losses**: The airline reported a headline loss before tax of £350 million, a significant £61 million year-over-year improvement driven by a 12% increase in capacity and stable unit costs excluding fuel.
3. **EasyJet Holidays Growth**: The holiday segment saw a 42% increase in customer growth year-over-year, contributing to a substantial rise in profitability.
4. **Healthy Balance Sheet**: EasyJet boasts a net cash position of £146 million as of 31 March 2024, supporting future growth and shareholder returns.
5. **Capacity Expansion**: The airline plans to increase its capacity to approximately 100 million seats in FY24, reflecting a proactive approach to meeting anticipated demand.
6. **New Aircraft Deliveries**: EasyJet remains on track with its fleet expansion, expecting 16 new A320neo family aircraft deliveries in FY24, enhancing fuel efficiency and capacity.
7. **Strategic Acquisitions**: The purchase of a heavy base maintenance facility in Malta is set to provide supply certainty and unlock cost benefits.
8. **Expansion of Bases**: The successful launch of bases in Birmingham and Alicante, with load factors exceeding network averages, and the announcement of a new base at Southend set to open in summer 2025, underscore easyJet's growth strategy.
9. **Positive Revenue Growth**: Total revenue increased by 22% to £3,268 million, driven by higher capacity and strong ancillary products, including easyJet holidays.
10. **Sustainability Initiatives**: The airline has made strides in sustainability, with more than a fifth of its fleet now comprised of highly efficient NEO aircraft and successful trials of hydrogen refueling at UK airports.
### Negatives
1. **Persistent Losses**: Despite improvements, easyJet still reported a significant headline loss before tax of £350 million for the first half of FY24.
2. **Rising Fuel Costs**: Fuel costs per seat increased by 6% year-over-year, reflecting volatility in fuel prices and contributing to the overall cost increase.
3. **Load Factor Decline**: The load factor slightly declined to 86.7% from 87.5% in the previous year, indicating some inefficiencies in capacity utilization.
4. **Exchange Rate Impacts**: Foreign exchange movements have had a negative impact, with a £6 million loss due to currency fluctuations.
5. **Inflationary Pressures**: Inflationary cos
You might wanna go block a load of brokers and pay no attention to anyone but yourself, but I’m guessing that would just be the norm for you. Jog on numpty
100% you will make positive gains here .
Where is cevodniya and his £7 predictions. One to be put on the blocked list that’s for sure.
What a bargain … buy it !!!
Therealdeal. You are joking right.
"They were expecting between 340 and 360 million. They hit mid range. That's not spectacular"
That's the guidance from the post period business update. The hit exactly the middle which shows a good grip on the figures. H1 performance was well above 23 and they are performing well ahead for the summer three quarters of the summer capacity is sold in May, that's unheard of.
Can’t help but feel sorry for Bank of America, they topped up tons recently, hope nobody gets the sack! Xoxox
I've added twice , never get peak dip prices but around 4.98 average , do for me
There's me thinking airlines were still a cheap stock, even dragged IAG down but I'm sure they will both recover again
So Jo’s put in 8 years of hard work and handing over very carefully to the CFO….let him go elk hunting:) bullish
I have added - expecting a slow drift upwards unless we get resolution of gaza and/or oil price reductions.
Results are good, it's just theCEO's retirement announcement IMO.