8% more capacity than pre pandemic18 May 2023 08:52
Seems to have fallen a bit flat. No mention of dividends, why it's holding 3.5B in cash.
Encouraged that capacity and fares are growing and seats now 8% above pre pandemic, seemed to aiming for less capacity at higher margins if you read it, maybe longer jets making the difference here.
Ezj holidays to make £100M but that's a bit irrelevant if EZJ is only going to make £350M on the whole.
Keeping the faith for another season at least I guess.
Expected profit £400M so 10% of market Cap. What will we do with all the money, new fleet, new slots, or how about return the placing or the cash call with a buy back. That last ones my favorite.
As its the best capitalised airline in europe then EZJ might be looking to buy an airline :-0 Or - might want to reverse a lot of the rights issues instead to get the shares back to where they should be.
By June 1st FTSE review i think EZJ will be in it.
A serious takeover bid? I don't think so as it would be unwanted and would also lift the shares (a lot) as the company prospects are revisited by the market. This lift would make a takeover by a competitor much less likely - and this is why we probably wont get one as the competition don't want to boost the EZJ share price.
Picking up the pace again - up on 12 month period now. Never sure why these were wrecked at the onset of the invasion while others are fairing much better (Even eastern exposed Wizz Air). Easter and 1/2 yr update much anticipated