Member Info for max_run

Carolyn got the shares to £18.90 so I'd have her back any day over slow Jo :-)

Finally strategic cancellation in the schedule particularly GTW so should settle down in run up to big holiday season.

Thinking of putting some more in now.

Not interested in the day trades and the shorters or leveragers as its not at all my thing (not to mention the new rapper among us).

Looking for long term growth and been in this for years. Plenty of analysts have this at a £7+ target. £430M profit in the good old days of 2019 at much lower cost per seat. Market valuation of £3.4B not high given ryanair $16B but only 1/3 larger business. Covid does not not affect travel - it has not gone away but is not impacting peoples life.

Flight cancellations even at 60 per day are not really significant on a 1200 flights . Not many of these passengers are getting the full compensation package the press are hyping , most rebook and suck up the inconvenience.

Wish we would see the management taking some effective and decisive action particularly at MAN and GTW, sorting operations here (at least reducing capacity in advance of people arriving at the aircraft FGS) would no doubt help the reputation out immensely. Can't hear any more airline CEOs whining to take EU crew. Press are camping out so where is the PR? where is the recovery strategy or apologies - these cost nothing.

GLA

8-Jun-22 16:35:12 478.50 1,740,055 Buy* 479.40 480.50 8m

Funny, This does not remind me of BPs massive environmental catastrophe, or of Enron collapse, or Bernie Madoff, or any other doomsday scenario.

Just looks like a struggle to get staff at all aspects of the aviation industry on what is the busiest week for 3 years. The main school holiday period. is 8!! weeks away so there is time to get this sorted and benefit from a well hedged cost base. Bear in mind that the main school holiday period is easier to cope as it is longer and more spread out (not just a dash away on one weekend to dash back the next).

Whereas EZJ would benefit from dropping the CEO and COO and bringing in some people who are invested in the business and not closely related to TUI and RYN i think this ship can be sailed into a good profit this year regardless.

This is my opinion, I do appreciate a long monologue from people taking up the downsides but they could sell out and move on once they have vented, unless they have a vested interest maybe :-)

Good luck people

Newby: "Oh EasyJet must crash, high valuation, no profit since covid and now some holiday flights have been cancelled - LOOK!!! some families on TV news are upset"

Long term EZJ holder: "Yep, That's normal" (eye roll)

My point is that every year us long term investors see these same stories caused by - Baggage strike, ATC strike, Checkin strike, weather, volcano, IT issues, staff issues, aircraft going tech' This is normal business as usual - we just glad Covid is over - which was the real risk to the industry.

Soon the media move on back to the petrol forecourt or the toilet roll aisle, then its £7 territory.

Good luck all, DYOR and all that!

PR disaster this weekend due to (yet more) bad management over the pandemic staffing. Don't know why u would jump ship from Ezj to BA given they are just as bad an employer (maybe the down route stays for the young un's swings it).

Take solace in the fact that cancellations are not due to flights being empty, everything that gets wheels off the ground is chocka-block with tourists. It will be a balance between compo payouts and profitable flights. This is the last practice before the smoother and longer peak of 6.5 weeks of UK school holidays. Pandemic is completely over and oil price similar to 4 yrs ago (monkey-pox u say, well that's not a viable pandemic disease, not even the same family as covid according to experts (not chineese experts who lied at the start of covid either))

I went into town this weekend, Primark, outfitters of the budget holiday is rammed with people picking up disposable clothes for their summer holidays. Nobody worrying about jobs, bills, war, environment, PCR tests, covid, masks, all want to feel the sand between their toes.

Top tip, go from your regional airport. Avoid GTW, MAN, Birmingham supports local jobs, less stress, cheaper, close to home when cancelled at short notice. :-) happy flying.

£400 Energy Credit / Windfall Tax = £400 mini break - just saying :-)

Disappointing to see this, another unforeseen hit to operations.
The shares didn't seem to mind it. Hopefully all back in position for the getaway for half term.

Just so you know for balance, the Boeing fleet ran with 3 crew back in the day. At first when 4 crew were required 'seat blockers' were used to disable a seat when crew were short (sick) so flights still left with the same amount of booked passengers but seats disabled. I don't think this is allowed now so seats are being removed (4 screws).

There was no contactless payment so slower service than now back then on boeing. everyone got served fine, crew comission went 3 ways instead of 4. Good old days.

3 crew is a smart move, put the seats back when crew situation improves. They can be added plane by plane as crew increase. If a plane with 150 seats is full/overbooked, swap with a 156 seater.

Simple asset management

GLA, good luck EZJ! A bit unlikely k with the FTSE sell off today but surely businesses as usual soon

Anyone calling a SP move on tomorrows update?
+es
Pandemic closing
Pent up demand
Staff returning to normal / less cancellations (1k bonus offered) / 6 seats in the skip
Big Bank holidays coming & half term (last trial for important summer season)

-es
Oil / Energy up
Cost of living crisis
Airport staff squeeze
Passport office squeeze
Accommodation capacity squeeze

Broker ratings showing large majority are Hold & Buy - Might we be starting the long road to recovery or awaiting the next hemorrhage?

GLA

Qdos Boland, that's a tough job that many of my friends have done for many years.

I hope pay does increase and better terms come to retain crew and that you get more rest days. If you have been there long u will know that the boeings had 3 crew for years so in short term this may help you and passengers.

I would urge you to fight for these conditions from within the organisation, the management team can't last long, too many questionable Ryanair and Tui links. Only the new guy has any balls for a significant share holding according to the data, maybe they can force in some new blood with decent ideas.

Telegraph reporting easyjet has had a brief moment of sanity by temoving 6 seats from planes. This reduces the passenger capacity from 156 to 150. EU law requires 1 cabin crew member for each 50 passengers so cabin crew which are like gold (dust due to easyjet layoffs instead of furlough) can be reduced from 4 to 3 per flight. As flight deck had better furlough terms all flights should now not be cancelled by lack of 'down the back' staff.

P.S. don't ask why airbus make a 156 seat plane :-( another basket case maybe lol.

Here's hoping £5 will be pushed away by next week. GLA.

https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2022%2F05%2F08%2Feasyjet-removes-passenger-seats-cope-staffing-crisis%2F

EJ run airbus fleet so not everything coming from the US. Similar drop from IAG, Ryanair not seemingly affected so much. Still thinking a strong summer with reduced capacity would really help the SP. One crisis after the next at the minute.

Passport rules clarified today, 3 month required for easyjet. Been suffering on this ride a long time, surely the tide is turning now as tickets across the industry are up 40% yr-on-yr. GLA.