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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 541.60
Bid: 542.80
Ask: 543.40
Change: -5.20 (-0.95%)
Spread: 0.60 (0.111%)
Open: 550.00
High: 550.80
Low: 541.00
Prev. Close: 546.80
EZJ Live PriceLast checked at -

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Lufthansa guidance disappoints, weighs on peers - UPDATE

Tue, 22nd Oct 2013 12:33

Profits guidance from German airliner Deutsche Lufthansa has disappointed analysts due to higher costs from its Score restructuring programme, dragging down European airline stocks.For full year 2013 the DAX-listed company forecasted an operating profit of between €600m to €700m, which was well below consensus analyst expectations for nearer €900m.The company cited the "substantial" effects of exchange rates during the period and pointed out it had maintained revenues despite running fewer flights.The Score programme, which the company described as one of the largest changes ever seen in its history, includes the development of its Germanwings low-cost subsidiary, turning around Austrian Airlines and the pooling of various back-office functions. Score costs hit €168m in the first three quarters, with project costs for product improvements €30m, and Lufthansa predicted total restructuring and project costs of €300m for the full year.After these costs are excluded, the Cologne-headquartered company said full year operating profit would be between €900m and €1bn. Chairman Christoph Franz said: "The Lufthansa Group has improved its result in the operating business for the first nine months of the year. In spite of substantial negative exchange rate effects and fewer flights, we have kept our revenue stable. We have also succeeded in reducing unit costs, in particular in our passenger business."Expectations had been high earlier in October, with analysts at Credit Suisse having noted that a management presentation on Score "strong and credible, which should help sentiment somewhat". The broker raised its target price to €20.30.A note from Natixis also on October 7th said that the group had quantified its project costs relating to the retrofit of its longhaul fleet at €120m for 2013, €300m in 2014 and below €100m in 2015.Shares in Deutsche Lufthansa were down 3.3% to €14.36 at 13:00 on Tuesday; with British Airways owner International Consolidated Airlines down 1.4% to 359.2p; easyJet down 2.6% to 1,323.27p; Ryanair was relatively unmoved at €6.40.OH
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18 Apr 2024 08:20

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18 Apr 2024 07:49

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Easyjet suspends flights to Israel until October

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FTSE 100 sets near record close as commodity stocks shine

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LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

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11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

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11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

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11 Apr 2024 15:04

UK earnings, trading statements calendar - next 7 days

Friday 12 April 
SigmaRoc PLCTrading Statement
Monday 15 April 
Ashmore Group PLCTrading Statement
Ceres Power Holdings PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Itaconix PLCFull Year Results
Mitie Group PLCTrading Statement
PageGroup PLCTrading Statement
Tuesday 16 April 
Accesso Technology Group PLCFull Year Results
Ashtead Technology Holdings PLCFull Year Results
Billington Holdings PLCFull Year Results
Chapel Down Group PLCFull Year Results
Equals Group PLCFull Year Results
Gattaca PLCHalf Year Results
Gresham Technologies PLCFull Year Results
IntegraFin Holdings PLCTrading Statement
Learning Technologies Group PLCFull Year Results
Next 15 Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Oxford Instruments PLCTrading Statement
Qinetiq Group PLCTrading Statement
Petra Diamonds PLCTrading Statement
Robert Walters PLCTrading Statement
Team17 Group PLCFull Year Results
Wednesday 17 April 
Brooks Macdonald Group PLCTrading Statement
Hays PLCTrading Statement
Inspecs Group PLCFull Year Results
Liontrust Asset Management PLCTrading Statement
M Winkworth PLCFull Year Results
Menhaden Resource Efficiency PLCFull Year Results
Rio Tinto PLCTrading Statement
Saga PLCFull Year Results
Thursday 18 April 
AJ Bell PLCTrading Statement
BHP Group LtdTrading Statement
Devolver Digital IncFull Year Results
Dunelm Group PLCTrading Statement
easyJet PLCTrading Statement
Foxtons Group PLCTrading Statement
Keystone Law Group PLCFull Year Results
LBG Media PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Rentokil Initial PLCTrading Statement
Segro PLCTrading Statement
  
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10 Apr 2024 11:42

easyJet cabin crew secure 20pc rise in base pay

(Sharecast News) - Cabin crew at low-cost airline easyJet are to receive a 20% increase in their basic pay, it was announced on Wednesday, after negotiations with the Unite union.

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Under fire UK air traffic provider appoints Warren East as chair

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8 Apr 2024 17:15

UK stocks close higher on commodities lift

FTSE 100 up 0.4%, FTSE 250 adds 0.7%

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8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

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London close: Stocks finish lower as US payrolls top forecasts

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