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Vital is a funny choice of words, maybe it is vital if you have a silly short on this...the SP of any airline is not meant to reflect specifically its winter season or you would systematically see the SP halved every year. The treasury of Ezy is good, their market share is good and their model is good. Covid is on its way to be lived with long-term, you do not need to wait for lifting all restrictions and vaccination to see a return to profit and hospitality at large. Emirates and Qatar has resumed normal operations, American Market is booming and EU is back to flying all over the place. This is a UK temporary political issue compounding what has been a rough patch. EZY will be fine.
Well that backfired, by the end of yesterday, you could have bagged just shy of 10k if you really wanted out in a hurry. It's the first time I hear anyone taking anything that plonker says seriously and there is the result...
So 550k, loss of 4k (about 5p/share average I guess) on an August market because of a troll's voice in your head (who BTW has been waiting for £5.20 for nearly 2 years now). All of this on the day they announced the jobs numbers (barometer of the economy) were much better than ever expected. Oh dear...May I suggest you do as most of us have done now and filter the unfortunate soul to prevent further "visions"?
A good number of EU countries have now overtaken the UK vaccination program (and it's not a race, just good news). Delta is not as virulent anyway albeit more contagious. We are truly in the phase where we start living with a controlled virus with deaths rates across our continent at record low. 98% of death goes to unvaccinated people in France for example. Restrictions are continuously dropping and the back to new normal (including flying about) is well on the way. Wizz is recruiting, Ryanair is gathering pace and so is Ezy.
Easyjet fancies business travel as any sensible airline would but it's not and has never been a business travel airline. Also anyone who has dealt with zoom or watched any TV in the past 12 months with zoom interviews attempts will know it is unbearable and utterly frustrating. Handshakes and in-person business is not going anywhere. Meeting in person is not a fashion, it's human nature. Core of the business is leisure and with the UK, as always, robbing their citizens right left and centre over this rainy staycation, people will go on holidays abroad as soon as possible including winter sun and winter sports.
You are of course absolutely correct on all fronts, why? Because you know the business from inside and Alas is also on the money. This £5 thing is a recurrent wet dream of the local simpleton, literally the second time we go through this Xmas business. I always wondered who was the 1 person who supported his comments, now we know. I filtered him about 10 days ago as I had just found out you could, now just a green line amongst pertinent comments. Back to what really matters, Ezy has cash, planes, pilots and markets. Beaches are full of Europeans flying Ezy. The domestic flights are packed and the potential recovery is huge, very well positioned on the market. Is it straightforward? No, but definitely happening. They have managed their costs, secured their debts and are positioned to be stronger airline post pandemic I'm sure you will be back on a seat in no time and we will make out of it. Also just filter the idiot, I expect most of have now...
Beaches in EU packed with every European tourist nationality you can think of but one. More people vaccinated than us, less people infected than us, cheaper more effective testing than us. The UK is fast becoming an international joke with empty planes and empty shelves in supermarkets. If you didn't know better, you'd swear communists had won the last elections. Thank goodness for Easyjet European side of the business.
As mentioned many times before, ezy is not just UK, half is operated in the EU, hence the "stubborn " often called too high SP. The UK is behind the curve by about 6 weeks and finally catching up with the rest of EU. Boris is about to move a lot of countries in the green, again way behind considering vaccination in EU fast catching up and infection rates a fraction of ours. We cannot play politics forever, time for business.
A troll is, beside being usually motivated by low self esteem and general inadequacy, a form of psychopath. He craves attention and feeds on the negativity bouncing back to him, a parasite of a sort. Usually delusional, invariably vacuous. The best (only) way to deal with them is to deny them the interaction. I really think the admin of this forum should "clean" this place as it is detrimental to the credibility of the site. To all others, I would suggest not to enter the weird inelegant dance with the creep.
I have reached the same conclusion about this forum a while ago now, it has turned, for a chunk of it, into some sort of troll refuge, exchanging insults and ill advised opinions. Easyjet is and will remain a viable business, it is a bumpy road understandably but the basics are sound. These ridiculous £5 something predictions make no sense whatsoever and only reflect a reality you might find in tabloids between scantily clad ladies and football results. Nuff said.
The only time to short Easyjet or any other airline for that matter was December 19 if you had a lot of foresight on this pandemic. All the muppets like our resident troll here above are completely deluded. He wasted his money and our time since. The numbers are good (on a bumpy road). Markets are reopening with Covid, people are going back to travelling with Covid and Easy will make money with Covid. It's old news, the flu stays and Covid will stay, we will just live with it and it not incompatible with airlines. BTW, thank goodness for the miserable weather this year making sure once again to remind people that they do not want to stay in the UK for their holidays.
Again, know the business, Easyjet has more than 50% of its operations in the EU and the EU is far from digging its heels, it's reopening big time, just not to third countries struggling with bad policies and high rates of contamination, the UK being one of them. This government is a disaster. £9 is about half of where it should be if the British other half was able to work.
As always Smithy says down, it goes up, he says below 9, expect above 10. As planned, the UK will come to its senses, just like the rest of the EU did albeit a little slower. BTW 50% of the business is in the EU so business was always going to be better than last year as a whole, hence SP baseline around £9.50 regardless of UK dramas.