Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
People will keep flying, they are trading down from expensive to cheaper and we know that ezj has room to lower prices (heavily invested in automation and cost reduction plus fuel is hedged) even though they still offer over 50% of fares at less than £50. Its the same pattern weve seen with supermarkets johnewis and m&s are worse off bu aldi flies ahead.
Per the bbc article earlier, key point to note is that in addition to the record numbers of people looking to getaway before schools return, there are an increasing number booking into autumn and later which should extend the peak booking season for ezj compared to previous years
Nutmilk - the only crap and lies being posted here is from you. Youve been asked nicely to go away as no one is interested in your posts. Eg you posted something a few days ago about a pratt and whitney engine contamination on airbus a320neo. But you failed to say that ezj dont use these engines on the a320neo..they use CFM LEAP-1A engines which is a competitor engine and unaffected..also that the contamination is not a saftey issue. You have no credibility in what you post and it is proven that you are posting lies and crap as you put it.
Nutmilk if we want to read trustpilot reviews, we can go to the wesite directly. We dont need you to keep posting them to this board clogging up the discussion.
All, pls vote up if you agree and want nutmilk to stop posting irrelevant info to this board.
I am sure every board has had its resident nutmilk, spreading fear like everything is about to fall to pieces. People who invest have a much deeper attitude to stock picking than monitoring day to day events which is just part of the the usual business cycle that every business factors in from the outset. The news that nutmilk keeps scraping from anywhere and all non credible sources using google search, is nothing new compared to what was reported in previous years. However when all is said and done, ezj results and growth in the sector speak for themselves. They are not impacted by what nutmilk and others like him have to say, they are just background irrelevant noise. Everyone should stay focussed on the bigger picture and how ezj has reported confirmed record results and is continuing to deliver these results. Whatever nutmilk says, people will always want and need to fly more now than before and they want holidays all at lower costs. This is at the heart of ezj business model. Anyway thats my opinion based on the last 30 or so yrs exp...
Met office also saying that UK is in for wet, windy and cold August..
https://www.metoffice.gov.uk/about-us/press-office/news/weather-and-climate/2023/unsettled-picture-continues
Looks like more UK wide wet and even colder weather as we enter August. Likely to boost ezj flight bookings as people race to get some sun and warm weather before schools go back
https://www.bbc.co.uk/news/uk-66362004p
Easyjet is low cost 50% plus seats still under £50. They are the Aldi of the skies...look at Aldi performance versus other supermarkets..cant put all airlines in the same category. They are not the same nor do they have the same growth propspects. Ezj has also spent time and money during the pandemic lowering their cost base by creating a lean operating model so they are well placed when times are tough. More now than before, people need a break and cheaper alternatives are the best option. Also helps tackel mental health issues that is a rising problem post pandemic.
Short sellers are always looking for a spark they can latch onto to manipulate the share price and trigger a sell off. When the dust settles (pretty soon) people realise its a massive overreaction and no impact to gross bookings or sales which are already sold and baked in and record levels. Then watch the buys flood in. Bottom line is the ezj is a outstanding company in the sector, always been well run with excellent management team and strategy. They are laser focussed on delivering impressive results and they have come out of the pandemic with a strong balance sheet and a holiday revenue line with huge potential. Way ahead of other airlines and sector leader.
Reviews are only one side of the coin. Its a well known fact that people write reviews when they want to vent about something. Ezj carries significant volumes of passengers me included and most are more than delighted with the service and of course the low cost of their flights. There will always be a small proportion of people who for one reason or another look to blame the airline - the current situation in rhodes being an example of this. I can appreciate affected people are unhappy with their situation but its not the airlines fault who are doing what they can to support. Sadly though some people will never be happy. Does this affect the ezj as an investment? Not at all. We are in a cost of living crisis and people want lower cost travel to get away and enjoy a break. People who want perfection need to spend a lot more and even then theres no guarantees. There is a huge market for ezj flights and holidays, more demand than supply and this will only rise further because they are still offering around half of their fares at around £50 or less. Thats why they are bringing forward their order of new planes. Small fluctuations in the share prices mostly driven by shorters who want a good share for less, are just that. Remember, the Analysts all have the share price much higher and ezj has been to levels more that twice the current price. That was before they started the holiday business. Ezj exposure to rhodes and greek islands is a blip in their overall revenue map.
Cant see why this wouldnt get resolved well before any planned strike action. 1000 people striking which is about half the workforce. Assume £20kpa salary is around £40m salary bill for 2000 people. Increase of around 7% is an additional £3m pa on the exisiting salary bill. PNot a huge sum versus the impact otherwise. I expect this will get solved quickly. Media cooking up a story as usual
The tone of yesterday's presentation was quite subdued but that's more to do with being cautious and dare I say that the ceo is a serious Scott not known for his charm offensive!