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I think that if it was £6 most people would be massively disappointed. Super results. The summer season promises to deliver massive profits.
H1 loss is inevitable as the fleet and staffing are optimised for the summer and inefficient for the winter. H2 will produce massive profit.
easyJet holidays continues to exceed expectations even in the winter period. It could easily overtake the airline profitability in the next few years. Still only a tiny percentage of capacity will be in the holiday business.
We are seeing a longer summer season this year as people learn climate change lessons and holiday earlier and later for the best weather.
Tomorrow I expect a reduced H1 lose. Down by around $70m, around $340m. I hope that Q3 is booked beyond 75% and Q4 around 40%.
easyJet holidays H1 I would like to see revenue double on H1 23.
I think that we'll see a strong increased yield per seat.
It's important that Easyjet is positioned for the summer. The press coverage says that they are.
It makes perfect sense to cut out the rot now with the Israel routes and come back after the summer. They will redeploy the aircraft and crew to the summer season and add extra capacity.
A wait and see approach would have stopped them adding capacity to the maxed out summer routes. Regional to regional they can add quickly.
Costa del sol is set for record numbers this year. Málaga airport has more flights north to south than ever and Alicante has extra capacity this year.
We have received zero cancellation or enquiries relating to the Israeli aggression. I think people are just over it already.
Unfortunately it's not ignorance I have spent a good amount of the last 10 years in Israel. There is definitely segregation and discrimination. I have seen it and experienced it. I am a US citizen and I have friends from both sides and I don't support either government.
In the last 2 years I have seen Israel change. Freedom for everyone has been restricted but particularly for certain people
You may not feel comfortable with it, I am not but it's my experience. If yours is different that's fine.
I
Imagine if you will. A situation from the UK near past.
The IRA perpetrate yet another atrocity killing innocent people. The British government start aerial bombing catholic areas of Belfast hoping to kill a few IRA terrorists. Imagine the mentality. Bombing a hospital or a school because they think that a terrorist may be inside.
Yes Hamas aren't the IRA but it's not an unrealistic parallel given the passage of time.
Add to that the protestant population of Belfast weren't illegally occupying White Rock or Falls Park trying to force the Catholic families out.
Queuing in the supermarkets the protestants didn't go to the front of the queue leaving the Catholics to wait in line.
I am not with one side or another just saying how I see it.
EasyJet has many weekly flights to Israel. Mostly sold out and the average price is over £400 a seat bare fare from the UK. 5 flights a week from Luton mostly sold out. What there is end of April is £500 bare fare.
Berlin 2 flights a week, Basel 1.
The full Israel schedule starts again end of the summer with Manchester and all the other routes pre the recent troubles.
It would be good to see a mature smart Israel but I suspect that we haven't heard the last of this.
It has clearly drawn a line under whether it's acceptable to murder others on foreign soil. There's no winner here and the clear losers are the 36000 dead many of whom were children. 75000 wounded with little chance of medical care.
Whilst the world queues up to condemn Iran maybe someone should think about what Israel has done in Gaza.
Just my view.
Ex Dividend date 22 February. It's extremely modest but is flagged to double by percentage on the current year and given the increased profit potential it becomes a decent proposition on dividend return.
This years payment is about doing something as a start.
I feel very positive and this is a long term hold for me.
Looks like a very good set of results. Summer ahead on volume and pricing. Strong Q1 at easyJet holidays supports strong growth this year. We'll see a much higher percentage of seats filled from the holidays sector improving the overall revenue massively.
A Q1 loss is inevitable; easyjet like others are scaled for the bulk summer period and that idle capacity in winter will always produce a loss. Clearly the middle east impact was minimal and November onwards produced + performance.
Easyjet look very strong.
as an idea of what's going on wizz just removed several london to hurghada flights a week over january and february. those cancelled flights can be covered within a couple of hours with easyjet flights but at more then double the price. easyjet are very savvy as those flights are up 60% since the wizz cancellations were released.
smart move. how ****ed off are the wizz folks.
these are mainly loveholidays bookings. refund or pay extra, some will pay extra for sure
Easyjet have more sales promotions on over last year for sure. This is because they have value in herding the business in convenient booking blocks. The sales have nothing to do with desperation or poor sales. It's childish and stupid to think that. It is simply a baseline exercise to talk about the routes and the great value.
The baseline price is now higher and on very select occasions and routes.
The more promotion and sales activity we see means the more opportunity Easyjet see.
Https://www.airliners.de/billigflieger-easyjet-weitet-pauschalreise-angebot-deutschland/71240
The best way to view it is by the market capitalisation.
hTTps://companiesmarketcap.com/easyjet/marketcap/
Here it can be seen that the current capitalisation is very modest. They could buy back shares but it would not make a credible dent in the 450m in my opinion.
I agree. Easyjet has a substantial opportunity to capitalise on a very strong trading environment. Oil is not weighing on the margins, Europe has become accepting of the current conflicts and seemingly the disaster of the UK economic situation isn't stopping "essential" spending. Holidays are essential according to research.
My experience in the hospitality sector in Southern Europe supports that more people are coming and the overwhelming majority come on budget airlines.
Of course it will go down and up but the business has made substantial progress with no weight on the share price. This has to change because it's extremely visible.
People ride the easyJet seats every day and can see how the routes are doing.