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: 526.60
Bid: 526.00
Ask: 526.80
Change: 1.60 (0.30%)
Spread: 0.80 (0.152%)
Open: 527.00
High: 529.60
Low: 526.00
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
12 Oct 2023 09:23

TOP NEWS: easyJet to resume dividend payments after "record summer"

(Alliance News) - easyJet PLC on Thursday said it intends to recommence dividend payments after a three-year hiatus, as it hailed a "record summer" for its flights and holiday packages and a swing back to annual profit.

Read more
12 Oct 2023 08:09

EasyJet to resume dividends after record fourth quarter

(Sharecast News) - Budget airline easyJet hailed record fourth-quarter profit on Thursday amid strong demand, as it said it plans to resume dividend payments and announced a deal with Airbus to expand its fleet.

Read more
11 Oct 2023 16:15

UPDATE: Flights resume at Luton Airport but many passengers disrupted

(Alliance News) - Luton Airport near London has reopened after a vehicle fire caused a car park to collapse, sparking disruption for tens of thousands of passengers.

Read more
11 Oct 2023 13:02

Thursday preview: U.S. CPI, Easyjet in focus

(Sharecast News) - All eyes on Thursday will be on the release of the U.S. consumer price report for the month of September.

Read more
11 Oct 2023 11:01

UPDATE: Luton Airport car park fire leaves 25,000 passengers disrupted

(Alliance News) - Around 25,000 airline passengers are suffering disruption as Luton Airport near London remains closed because a vehicle fire caused a car park to collapse.

Read more
10 Oct 2023 16:55

LONDON MARKET CLOSE: FTSE 100 has best day since November 2022

(Alliance News) - Global equities bounced on Tuesday as risk appetite returned to the market, despite hostilities in the Middle East continuing, as dovish words from Federal Reserve officials restored investor confidence.

Read more
9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

Read more
9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

Read more
5 Oct 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 6 October 
JD Wetherspoon PLCFull Year Results
Monday 9 October 
Sareum Holdings PLCFull Year Results
Tuesday 10 October 
1Spatial PLCHalf Year Results
EnSilica PLCFull Year Results
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
ScS Group PLCFull Year Results
Target Healthcare REIT PLCFull Year Results
YouGov PLCFull Year Results
Wednesday 11 October 
discoverIE Group PLCTrading Statement
Eneraqua Technologies PLCFull Year Results
Jubilee Metals Group PLCFull Year Results
Marston's PLCTrading Statement
Netcall PLCFull Year Results
PageGroup PLCTrading Statement
QinetiQ Group PLCTrading Statement
Sanderson Design Group PLCHalf Year Results
Tharisa PLCTrading Statement
Thursday 12 October 
Atalaya Mining PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Dechra Pharmaceuticals PLCFull Year Results
easyJet PLCTrading Statement
Hays PLCTrading Statement
Kenmare Resources PLCtrading Statement
N Brown Group PLCHalf Year Results
Norcros PLCTrading Statement
Treatt PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
2 Oct 2023 09:41

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

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

Read more
26 Sep 2023 10:36

Rolls-Royce and EasyJet reach key milestone in development of hydrogen-powered engines

(Sharecast News) - Rolls-Royce and EasyJet achieved a new milestone in their combined efforts to develop hydrogen-fueled engines.

Read more
25 Sep 2023 13:03

Rolls-Royce and easyJet progress with jet engine running on hydrogen

(Alliance News) - Jet engine maker Rolls-Royce Holdings PLC and airline partner easyJet PLC on Monday said their effort to build an aero engine that runs on green hydrogen achieved a milestone.

Read more
21 Sep 2023 06:06

New easyJet recruitment drive tackles cabin crew stereotyping

(Alliance News) - A fresh campaign is being launched aimed at tackling outdated stereotyping of jobs in the airline industry.

Read more
15 Sep 2023 07:54

LONDON BRIEFING: Games Workshop trades better than expected

(Alliance News) - Stocks in London are set to extend Thursday's gains at Friday's market open, with sentiment lifted further by the latest economic data from China.

Read more
15 Sep 2023 06:21

Thousands impacted at Gatwick amid air traffic control staff shortages

(Alliance News) - Thousands of airline passengers have been impacted by cancelled, delayed or diverted flights due to a lack of air traffic control staff at Gatwick airport.

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.