The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 525.00
Bid: 510.00
Ask: 560.00
Change: 0.00 (0.00%)
Spread: 50.00 (9.804%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 525.00
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

easyJet says demand holding up in uncertain times

Thu, 13th Oct 2022 10:35

Bookings for Oct holiday, Christmas above pre-pandemic levels

*

CEO sees uncertainty, says too early to forecast next year

*

Expects to fly 83% of 2019 capacity in three months to Dec

*

Sees FY pretax loss between 170 mln stg and 190 mln stg

*

Shares down 1%

LONDON, Oct 13 (Reuters) - British airline easyJet said demand for the coming months was holding up despite pressure on household budgets, but uncertainty meant it was hard to make forecasts beyond that.

For Britain's October school holiday and the Christmas week, ticket sales exceeded pre-pandemic levels and the airline said load factors - a measure of seats filled - for winter bookings and pricing were robust.

Tickets for next summer went on sale last week and easyJet said they showed "continued demand", going some way to allay fears the rising cost of living could stall the aviation industry's recovery from COVID-19.

But chief executive Johan Lundgren cautioned it was still too early to call how next year would pan out, and government policies in Britain were not helping.

"Clearly there is uncertainty out there," he told reporters on Thursday, referring to market volatility triggered by government plans for unfunded tax cuts.

"I don't really tend to comment directly on the fiscal policies of this government, but of course, we would like to see that there's certainty and that there's stability and we get back to the point of view where we get the pound to become stronger."

Despite the cost of living crisis, Lundgren said easyJet was well-positioned given its low-fares model compared to competitors like British Airways and Air France , and because of appetite for trips.

"Despite the difficulties that households have, we still know that holidays and travel are top of the list when people can prioritise what they want to do with their disposable income," he said.

Shares in easyJet were down 1% in mid-morning trade at around 282 pence, an 11-year low. Investor worries over future travel demand due to rising inflation has sent European airline stocks plunging.

EasyJet has lost 49% of its value in the last six months, lagging rival Ryanair which is down 28%.

While easyJet has not yet surpassed its pre-pandemic capacity, Ryanair's passenger numbers beat previous highs in September. EasyJet flew 88% of its 2019 capacity over the summer quarter and is aiming for 83% in the current period.

Ryanair was much less affected by labour shortages that plagued easyJet and the airports it uses in the April to June period. It cancelled thousands of flights before stabilising its schedule in July.

Lundgren said easyJet's July to September quarter was one of the best in its history in terms of operational profit, but the problems and costs earlier in the year would push it to a third consecutive annual loss.

For the 12 months to the end of September, easyJet forecast it would post a headline loss before tax of 170-190 million pounds ($188-$211 million). It is due to post results on Nov. 29.

More News
13 May 2024 15:23

Pilots at easyJet reportedly reject pay offer

(Sharecast News) - Pilots at easyJet could be on strike over the crucial summer holiday period, it emerged on Monday, amid reports their union had rejected a pay offer.

Read more
9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

Read more
7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

*

Read more
7 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 driven higher by US rates optimism

(Alliance News) - Stock prices in London closed higher on Tuesday, in a strong start to the new week, with US interest rate optimism supporting equities.

Read more
7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

Read more
7 May 2024 14:37

Ryanair leads airline shares lower after warning over summer fares

MILAN, May 7 (Reuters) - Shares in Ryanair fell more than 4% on Tuesday, leading the broader European airline sector lower after CEO Michael O'Leary said ticket prices were likely going rise by less this summer than previously expected.

Read more
7 May 2024 10:20

Italy and Lufthansa make new offer to EU over ITA deal

Italy's economy ministry and Lufthansa submit new proposals

*

Read more
30 Apr 2024 10:06

Premier Inn owner Whitbread to cut 1,500 UK jobs as it closes some restaurants

Dividend hike of 26% to 62.9p

*

Read more
28 Apr 2024 12:55

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday.

Read more
28 Apr 2024 10:34

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday.

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
23 Apr 2024 09:00

LONDON BROKER RATINGS: Jefferies raises Reckitt; Learning Tech is cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.