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I can only think that the markets are thinking EasyJet is being too bullish with £1bn profit targets and big aircraft orders, whilst paying out dividends. Is it going to be a big stretch on their balance sheet?
Sjsrace, Scored,
I’ve never seen any company state a profit on an individual contract. It’s highly subjective to fully load all the costs and overheads to 1 contract. It could be very misleading and open to manipulation. Quarterly trading update is when they announce how the company is tracking overall to targets. I think that the Q2 update is next week on the 11th.
Isn’t that what the quarterly trading update is for - give an indication of performance v target. RNS for contract wins should not be giving that performance update.
Hopefully starts moving the dial upwards with these contracts.
Nutmilk,
I can’t read your link but I assume coming from you that it’s negative. So have you read about Rolls Royce and EasyJet working together on hydrogen powered engines?
https://www.hydrogeninsight.com/transport/-world-first-rolls-royce-and-easyjet-tests-show-100-hydrogen-combustion-can-power-aircraft-take-off/2-1-1523925
Nutmilk,
Fuel price volatility has always been there and will always be there. As others have said, fuel prices will be hedged as best as possible, but in the grand scheme of things, it’s just noise. Noise just like your repeated quotes of customer satisfaction/complaints. Try looking at their P&L forecasts, balance sheet and other financial statements- it’s more credible way of analysis.
£8.2bn is their FY revenue target. £0.4bn is their forecasted FY Net Profit. Are they on course to beat those forecasts? I think they are. That will determine share price more than customer complaints levels or your anecdotal experience on an EasyJet flight.
Nutmilk,
They haven’t paid out a dividend but they’ve paid off their huge debt - down from £1.1bn to a forecasted £150m.
In times of interest rate uncertainty they’ve been strengthening their balance sheet and taking away interest rate risk.
Happy,
Between 2025 to 2035, the sale of petrol and diesel cars are going to be banned. Demand for renewables is going to increase. BP needs the infrastructure and energy source to supply that demand.