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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

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Share Price: 529.40
Bid: 527.80
Ask: 528.20
Change: 4.40 (0.84%)
Spread: 0.40 (0.076%)
Open: 527.00
High: 537.60
Low: 524.20
Prev. Close: 525.00
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UPDATE 3-easyJet expects resilient demand to withstand security fears

Tue, 17th Nov 2015 12:23

* Full-year pretax profit up 18 pct, in line with forecasts

* Orders 36 more Airbus A320s

* Says forward bookings in line with last year

* Shares down 5 percent (Recasts, adds CEO comments)

By Sarah Young

LONDON, Nov 17 (Reuters) - Heightened fears about travel inEurope are affecting easyJet but appetite for flightsshould return quickly and resilient general demand will underpinthe airline's growth, its chief executive said on Tuesday.

European travel is reeling from Friday's attacks that killedat least 129 people in Paris, one of the world's most visitedcities, and a Russian plane crash over Egypt in October whichhalted flights from Britain to a popular Red Sea resort.

Travel to and from France has dropped off in the last fewdays and the number of "no show" passengers has risen, easyJetChief Executive Carolyn McCall said after the airline reportedan 18 percent rise in pretax profit for its 2015 financial year.

"You will always see a cooling-off period but you also seequite a quick resumption to travelling again," McCall toldreporters when asked about travel to and from France.

"What our own government and also what governments acrossEurope are doing is actually very reassuring for passengers.They are actually scrutinising airport security, now, probablyafter Paris, in a way that they've never done before," she said.

Analysts estimate that France counts for about 20 percent ofeasyJet's capacity.

The airline said the British government's suspension offlights to the Egyptian resort of Sharm al-Sheikh due toconcerns over security measures would have a "very, very small"impact on its full-year profits (in 2016)

Overall, for the coming year, the company said customers hadcontinued to buy tickets at the same rate as last year andeasyJet was confident profits would rise thanks to a 7 percentboost to passenger numbers this year and cost controls.

Shares in easyJet fell 5.0 percent to 1,695 pence, a declineanalysts put down to the airline's recent strong run. Its shareshave climbed 13 percent in the last year while Britain'sblue-chip index which has lost 6 percent.

PRICE WAR?

For the winter, easyJet's bigger low-cost rival Ryanair has talked of a price war in the cut-throat Europeanmarket as airlines raise capacity and compete against each otherin a lower fuel cost environment.

McCall dismissed the talk, saying easyJet's main competitionwas from airlines such as British Airways, AirFrance-KLM and others. easyJet forecast only a "slightdecline" in revenue per seat on a constant currency basis forthe six months to the end of March.

"Our airport overlap with Ryanair is between 5 and 6percent. It doesn't matter what they're doing on price," shesaid.

easyJet already has slots at major airports, an area whereRyanair is playing catch-up having historically focused on minorairports.

For its 2016 financial year, easyJet said current marketexpectations were in line with the board's forecast.

Analysts expect the airline to make a pretax profit of 746million pounds ($1.1 billion) next year, building on the 18percent rise in pretax profit in 2015 to 686 million pounds.

The airline also said it would order 36 new planes as partof a decision to exercise rights to 30 A320 NEOs under a 2013deal with Airbus, plus an order for six more currentgeneration A320s.($1 = 0.6590 pounds) (Editing by David Clarke)

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*

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18 May 2023 10:10

EasyJet has enough planes on order for growth plans, says CEO

LONDON, May 18 (Reuters) -

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18 May 2023 10:07

easyJet first-half revenue up as aims to return to pre-Covid capacity

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18 May 2023 08:10

UK's easyJet confident as summer demand ramps up

Sees Q3 revenue per seat up 20% on last year

*

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18 May 2023 07:40

EasyJet confident about summer as H1 losses narrow

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11 May 2023 15:43

UK earnings, trading statements calendar - next 7 days

Friday 12 May 
Allianz Technology Trust PLCQ1 Results
Balfour Beatty PLCTrading Statement
Beazley PLCQ1 Results
CMO Group PLCFull Year Results
Monday 15 May 
CentralNic Group PLCFull Year Results
Cerillion PLCHalf Year Results
Currys PLCTrading Statement
Diploma PLCHalf Year Results
Equals Group PLCTrading Statement
Finsbury Growth & Income Trust PLCHalf Year Results
Instem PLCFull Year Results
JPMorgan Multi-Asset Growth & Income PLCFull Year Results
Westminster Group PLCFull Year Results
Tuesday 16 May 
Angling Direct PLCFull Year Results
boohoo Group PLCFull Year Results
Britvic PLCHalf Year Results
Burford Capital LtdFull Year Results
Cornerstone FS PLCFull Year Results
DCC PLCFull Year Results
Essentra PLCTrading Statement
Greggs PLCTrading Statement
Hyve Group PLCHalf Year Results
Imperial Brands PLCHalf Year Results
Land Securities Group PLCFull Year Results
Likewise Group PLCFull Year Results
Marston's PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Smartspace Software PLCFull Year Results
Vodafone Group PLCFull Year Results
Zytronic PLCHalf Year Results
Wednesday 17 May 
Auction Technology Group PLCHalf Year Results
Bank of Georgia Group PLCQ1 Results
British Land Co PLCFull Year Results
Experian PLCFull Year Results
JD Sports Fashion PLCFull Year Results
Keller Group PLCTrading Statement
Ninety One PLC and LtdFull Year Results
Redx Pharma PLCHalf Year Results
Sage Group PLCHalf Year Results
Scottish Mortgage Investment Trust PLCFull Year Results
TP ICAP Group PLCQ1 Results
Watches of Switzerland Group PLCTrading Statement
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Brighton Pier Group PLCFull Year Results
BT Group PLCFull Year Results
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easyJet PLCHalf Year Results
Energean PLCTrading Statement
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Helios Towers PLCQ1 Results
International Distributions Services PLCFull Year Results
Investec PLC and LtdFull Year Results
National Grid PLCFull Year Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
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TheWorks.co.uk PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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*

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5 May 2023 09:42

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*

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UK's Jet2 confident on summer as holiday demand stays strong

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19 Apr 2023 10:26

Liberum raises target price on EasyJet

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