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: 529.20
Bid: 528.20
Ask: 529.20
Change: 4.20 (0.80%)
Spread: 1.00 (0.189%)
Open: 527.00
High: 529.20
Low: 527.00
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

European airlines see travel withstanding consumer squeeze for now

Thu, 13th Oct 2022 14:56

BA-owner IAG says Q3 profit to beat expectations

*

IAG says forward bookings show no signs of weakness

*

EasyJet says Oct holiday, Christmas exceeding pandemic levels

*

Ryanair sees average fares rising by more than expected

*

Australia's Qantas also sees higher profits

*

IAG shares jump as much as 10%

By Sarah Young and Klaus Lauer

LONDON, Oct 13 (Reuters) - British Airways-owner IAG , Europe's biggest airline Ryanair and rival easyJet said demand for travel was holding up, calming worries that pressure on household budgets could stall aviation's recovery from the pandemic.

Australia's Qantas Airways Ltd also said on Thursday it was seeing consumers willing to pay higher fares despite rising inflation and interest rates.

Shares in IAG jumped as much as 10% after an unscheduled announcement on Thursday to report better than expected profit for its summer quarter and a confident outlook. Meanwhile, Ryanair said its bookings for the northern hemisphere autumn mid-term and Christmas holidays are ahead of pre-COVID levels and it sees average fares rising by more than expected until the end of March.

In Europe, most airline stocks have plunged over the last six months, some by as much as 50%, over worries that rising household bills will dampen appetite for travel.

But the airlines injected optimism back into the market on Thursday.

IAG, which also owns the Aer Lingus, Iberia and Vueling airlines, said forward bookings remain at expected levels for this time of year "with no indication of weakness".

CAUSE FOR OPTIMISM

Johan Lundgren, chief executive of easyJet which had earlier issued forecasts for its annual results, was more cautious, saying that there was "uncertainty out there", but the low-cost operator also said there was cause for optimism.

"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 told reporters.

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

Analysts noted that the strength of the dollar against the pound and the euro lately has made it cheaper for American visitors to come to Britain and Europe, a particular boost for IAG which has a large exposure to the transatlantic market.

Ryanair's chief executive Michael O'Leary said that demand appeared to be supported by savings built up during the pandemic but he sounded a note of caution over how long that could endure, saying he does expect that customers' disposable income will get hit by increases in interest rates and the cost of living further into the northern hemisphere winter.

That was echoed by Hargreaves Lansdown equity analyst Sophie Lund-Yates who said IAG's upgrade was "a very welcome surprise, but whether the spritely mood music can be maintained is another question entirely". (Writing by Sarah Young; Editing by Emelia Sithole-Matarise)

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.