Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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: 535.60
Bid: 555.00
Ask: 535.60
Change: -0.60 (-0.11%)
Spread: -19.40 (-3.495%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 536.20
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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)

More News
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
6 Sep 2023 16:25

UK air traffic meltdown 'one in 15 million' event -NATS

LONDON, Sept 6 (Reuters) - An air traffic meltdown in Britain was caused by a "one in 15 million" event, the boss of traffic control provider NATS said, as initial findings showed how a single flight plan with two identically labelled markers caused the chaos.

Read more
5 Sep 2023 12:44

Director dealings: Wetherspoon chair, easyJet director make purchases

(Sharecast News) - On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.

Read more
5 Sep 2023 11:49

Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying

LONDON, Sept 5 (Reuters) - Airbus, easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.

Read more
30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

Read more
30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

Read more
30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

Read more
29 Aug 2023 21:16

UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

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.