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Despite the issues, the airline has a strong long-term investment case. Staff shortages are not unique to easyJet, and Berenberg analysts argue it will benefit from increased pricing power as its rivals are also forced to cancel flights.
And with easyJet sitting on £4.4 billion of capital, it retains sufficient financial firepower to outlast the current problems. It could even grow market share if smaller competitors collapse.
Moreover, Morgan Stanley thinks easyJet could benefit from the cost-of-living crisis, with consumers downgrading their flight options rather than sacrificing their annual holiday abroad. And HSBC analyst Andrew Lobbenberg notes that easyJet has ‘decent fuel and US dollar hedging’ compared to some rivals.
Tod u obv haven’t done ur research, they forward sell a lot of holiday packages, and if I remember correctly around 40% have already been sold in Q4.. Q3 is operating at near max capacity so the results will be solid.. after that, I am not sure what we will see, will depend on how energy crisis will be handled by September.. if it gets sorted then next year will be good as well
Todd I disagree, we are at 90% capacity, we are much better off and the pandemic is over.. the economic issues are there but we won’t be operating like we did during the pandemic, even if we hit a bad recession.. so the sp is a joke, especially considering that we will have a very solid 6 months ahead
Travel bosses have warned that chaos at one popular Spanish airport is expected to carry on throughout the summer.. Omg oh no, one airport, pretty sure everyone will now cancel their holidays because of that.. u keep posting articles from kindergarten sources that live on click bate..
90% at Q3 and we could see similar numbers if not higher for Q4, by then I am expecting a higher number of employees at airports to make our lives easier.. unless covid makes a crazy come bk, number of flights will only increase.. what will happen next year Q1 is another question, considering the economic problems.. but Q3-Q4 should be great and sp will start pricing that in
Anyone can see that it’s way oversold, the sp is frankly ridiculous.. right now around £6 would be a fair price.. markets in general are down and some sectors have been heavily oversold.. ppl are scared and would rather sit on cash.. but as we’ve all seen before this never lasts and money will flow bk into the market especially as we get closer to the Q3 results
easyJet (LON:EZJ – Get Rating) has been given a GBX 710 ($8.70) price objective by analysts at The Goldman Sachs Group in a report issued on Monday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective would suggest a potential upside of 79.79% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Credit Suisse Group set a GBX 709 ($8.68) target price on shares of easyJet in a research report on Tuesday, April 12th. Morgan Stanley set a GBX 800 ($9.80) target price on shares of easyJet in a research report on Monday, June 6th. Citigroup reissued a “sell” rating and set a GBX 425 ($5.21) target price on shares of easyJet in a research report on Tuesday, March 29th. JPMorgan Chase & Co. set a GBX 625 ($7.66) price objective on shares of easyJet in a report on Tuesday, June 7th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 750 ($9.19) price target on shares of easyJet
I don’t understand the need to exaggerate news, its ok if u think this will go down or up but at least use proper info to back up ur decisions.. this is why I keep saying until we see Q3 results, everything else is still just noise.. Q3 results will truly show what we can expect till the end of the year and the costs associated with cancellations etc.. my opinion hasn’t changed, I am still expecting to see profit
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https://www.ft.com/content/965a14b2-6c64-4a98-bfc4-e3f21990f631
The airline did not put a number on how many flights would be lost, but said it would now fly about 87 per cent of 2019 levels in the three months to the end of June, down from the 90 per cent it forecast in May. In the following quarter this would rise to 90 per cent, down from a previous expectation of 97 per cent.
All that matters, definitely back to profit