RE: #EZJ Moving back up to retest 500+?13 Aug 2024 06:29
All external factors and "fear" of fantasy external factors are just nonsense. They have a disproportionate impact on the share price because traders visualise them as reasons for others to make decisions. Of course they have no material impact on the commercial activity.
Currently in this record summer quarter the only information worth anything is the disruption and cancellations level.
The tickets are sold, the only factor now is; does the flight complete. Every day without disruption and cancellations produces around £9m profit. Days of massive disruption and cancellation can easily generate a £20m loss. The critical detail is the level compared to last year. Guidance will be based on the expected level of disruption. If it's less targets are exceeded given that they are set with a large percentage of the seats already sold.
Currently this year disruption and cancellations have been absolutely minimal, compensation payments way below previous years.
I expect the quarter results to be exceptional if the situation remains the same.