easyJet Share Price (EZJ)

Treat it as a buying opportunity.

I honestly believe Michael o leary made this statement to damage all shareholders in all airlines because he has Boeing aircraft and as a result their business will be affected. being a bit spiteful I think

Christopher Jasper

Tue, 7 May 2024

Airline passengers face years of higher fares as the safety crisis plaguing Boeing is predicted to limit plane deliveries through much of the decade.

Steven Udvar-Hazy, executive chairman of Air Lease, which has more than 300 jets worth $21bn (£17bn) on order from Boeing and Airbus, said not a single plane was received on time in the first quarter and that supply chain issues will weigh on both firms for years to come.

He said that the aviation industry is afflicted by “too little supply and super-high demand with no means of resolution on the horizon”.

Mr Udvar-Hazy added: “We do not see a realistic way of changing this over the short to medium term. In fact, these imbalances are very likely to stay with us for at least three to four years in the future.”

Air Lease’s customers include many of the world’s major airlines, from discounters EasyJet and Wizz Air through to British Airways, Air France and Gulf giant Emirates.

Sash Tusa, an analyst at Agency Partners, warned the manufacturing crunch at Boeing risked higher fares for airline passengers.

He said: “Four years is a long time, but given where Boeing is right now with its inability to increase production of the 737 it’s not an unreasonable estimate.

“This is economics 101, supply and demand. Airlines are going to do two things; cut back on their low-yielding routes and then push up prices across the rest of their networks.”

Passengers face four years of steep fare rises after safety turmoil at Boeing.

https://uk.finance.yahoo.com/news/passengers-face-four-years-steep-193926034.html

Border control systems down. Did someone know about this earlier? Something is a bit off here.