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Just saying...
https://travelweekly.co.uk/news/tour-operators/brits-to-spend-40bn-on-overseas-holidays-in-2022
Not the end but definitely in the right direction.
https://simpleflying.com/qantas-boeing-787-london-cost/?utm_term=Autofeed&utm_medium=Social&utm_content=echo&utm_source=Facebook#Echobox=1634828733
O'Leary is known for all sorts of media stunts, if I had a penny for every "we're looking at single pilot aircrafts " or passengers standing up aircrafts" etc...the man is a very astute business man but his announcement rarely have any credibility. Strictly investment wise, a merger (I don't think a takeover is affordable by anyone) would instantly hike the SP, therefore shorters on this board claiming the imminence of such event is a little confusing. Then there is the legal feasibility of said merger which less than certain due to the size of the company. Never say never I guess.
Airbus delivered 424 aircrafts this year against 341 in 2020 and 571 in 2019. It illustrates the recovery of the sector beyond the noise and shorters soundbites. Gamblers will do what they do and betting on down and trying to convince people of the science behind it. Numbers don't lie, EZJ s debt can't be ignored but is similar to all airlines worldwide thus creating a new level field. Demand is coming back fast, Qatar is restarting Paris with an A380 for exemple (on turn feeding a very present EZJ). EZJ has the markets,the structure and the product to meet that demand, covid has become a "live with" integrated virus like the flue. It is over, get with the program.
TUI has announced they too are going down the RI for €1bn and Lufthansa as well, hence the drop today. This illustrates that EZJ is not at all some desperate weakling but just another airline activating financial leavers in order to secure its future. It has done so successfully baring in mind that 638p is the equivalent of its pre RI price. And still AA has reported further growth in passenger numbers. Same trend here with Wizz and Ryanair. Tough environment, yes but very much in recovery phase.
Boselecta, absolutely, load factors are up and numbers of flights are up, look around you and it is obvious to most that life is resuming normality. You talk to people and they want breaks away from lousy weather and overpriced UK. Summer 22 will be record breaking with high price per seat due to capacity reduction. Mini trips will also be popular this winter and business travel is resuming with the disappearance of restrictions (more to come this week). Intercontinental travel is resuming feeding into EU Airlines.
As described and documented by Ryanair and Wizz in the article, load factors are up, yes the mid term is coming with less and less restrictions. Today some shares purchased at 410p were sold for 700p+, who could blame them, great profit, a lot better than those shorting at 520p and less! Sticking to the facts, one fact is below £7, it's a bargain.
Good to see the red list about to be reduced from 54 countries to 9, as predicted restrictions are lifted one after the other and at pace. Societies and their leaders have finally changed tack and now want to resume normality. New vaccins and therapies and very little scope for stronger/more lethal variants according to all medical specialists.
We are entering the "live with it phase" and the loads are building steadily. There will be a few forms to fill still for a while but the storm is passing and EZJ is ****ed and ready.
Well that's a long and somewhat bitter post. People have, worldwide, started to live with Covid, vaccinated and with now a lot less restrictions, I suggest you get on with the program. Today Australia and announcement of a potentially very effective pill for severe cases. As I said before 9/11 came and went, SARS and the shoe bomber came and went, this will too. The world is connected, Emirates is gearing up massively, US reopens and now Australia means people moving which is the business Easy is into when the said people arrive in Europe. Also a lot less seats available with a demand coming back means higher prices and higher revenues. The dip this week was I believe a lot of people cashing in on there shares bought at £4.10, more will cash in on Monday, the price will ripple but the overall outlook is up. Cheer up old boy! IMO
This is basic stuff, I'm amazed at how people here seem to struggle with basic principles. As for a "shift" in habits, I don't believe that to be the case, same assumptions were made after 9/11. Zoom is not a viable substitute to meetings, people do want to go on holidays (cheaper the better!), petrol is at $80 a barrel so what? $120 did not put them out of business. £9 by the summer is entirely possible but I'm not in the cristal ball business either. As stated before below 700p is a bargain. As always, if you want a look into the future 6 months, look west and see what goes on across the pond. The UK is exceptionally slow in this episode but not exceptional.
Major scientists announced yesterday the pandemic is over within a year, probably next spring, leaving SARs 2 as no more than a common cold. Restrictions will shortly be lifted further with less seats available and strong demand. This still below £7 and a very attractive offer this is.
FTSE is trading nearly 2% down today and EZJ is holding up to near pre RI SP, proof if need be of stability. The supply chain and now energy supply crisis are dragging the market down. The Stelios story dead cat thing is nonsense, Stelios has not been a drive for EZJ, just a drag treating it as a cash cow. His diminished influence will increase the board's flexibility. With the continuous easing of restrictions, we are finally closing the gap with the EU and can look forward to similar load factors, more easing needed and coming. As stated by RYA capacity down, demand up, seats prices up, profit up! Anything below 7 here is a bargain!
Did he actually say that??! Oh dear! This week has proven that even reckless gamblers can have their second chance. This never reached the infamous £5.20, I sincerely hope he had the good fortune of cutting his losses...poor old chap!
As described yesterday, in 1 week, we are back to announcement value with dilution (£6.38). The RI is a success. Although Whizz attempt to sabotage the operation has given a chance for some to close shorts (hopefully they had the good sense of doing it), it has failed and the direction of travel is clear. I would not be surprised to see this go back to 8ish within the next 2 weeks.
Glad to see the panic wave subsiding today. Another 4% and we're back to pre RI level with dilution. The Wizz coup back fired as predicted, glad it made some money for the short gamblers...not for all though as it didn't hit £5.20 (no cigar). This is a strong company with now strong balance sheet, able to reduce its debt and take advantage of a strong recovery. Airports are getting busier by the day, less restrictions everyday and people rearing to go! Rights were up 28% today! Plenty of fun in the past 4 days, back to business!
Completely agree with you, I've made this point of Ezy 50% in EU many times. The border free EU environment is in that respect similar to the US except significantly greater population wise. The US internal market is recovering fast with more Covid presence than here. The new normality is with vaccine and or testing, the same way the post 9/11 reality was with shoes off and more screening or fluid restrictions. I'm old enough to remember how some people said back then aviation was over. Habits die hard, people want and will travel for leisure AND business alike. The awful weather we've had this summer will make sure people seek the sun. The repeated failed Zoom calls and other communication gimmicks on live TV/ government presentations will make sure business comes back too. Ezy is sound, treasured and equipped to take its share of the cake. Bumpy challenging road yes but full recovery expected. Wizz is expanding and Brian Air is hiring, it will be structurally harder for IAG but they will get there too.