Member Info for Xhita

IAG do none of that. The pilots are licensed just for one aircraft type and variant, the aircraft are different standards and they don't cross over branding. Vueling pilots don't fly for BA or Aer Lingus. There's no crossover. Even the fuel is just a standard hedge and spot. The brands operate completely independently.

I am not digging anything.

Has IAG ever had a trouble free year. I can't remember one. It's always been a problem at one or more of the brands.

easyJet just delivered a perfect year.

To explain better.

We are talking about performance risk not disaster. The more variables the more risk.

So IAG fly multiple brand combinations of aircraft and engine types. They fly under multiple company brands to multple continents. Therefore they encounter multiple geographical and political risk in addition to multiple human risks with staff and union demands.

These risks can't be redirected so they cannot use the strength of diversity to mitigate them. They simply have multiple opportunities for failure.

Some are minor like Are Lingus this year. They were fortunate that Are Lingus is a small part of the business. To diversify risk you need redundant capacity which is expensive or flexibility which only comes under a single brand.

The risk is increased because the factors controlling that risk are exclusive. IAG will be adversely affected by any single market issue. Diversity controls risk only when resources are transferable. IAG resources cannot be redeployed to strong markets so therefore there are multiple opportunities for failure.

Easyjet has a symbiotic model so the risk is singular.

The scope for growth at easyJet is massive.

There's still 95% of seats that are not with the holiday business. easyJet has just 7% of the UK package market.

easyJet holidays customers planned to grow by c.25% in FY25, from a base of 2.6m customers

- H1'25 is 82% sold

I suggest that you stick to IAG then. IAG is mucher riskier than easyjet because they are exposed to multiple markets.

easyJet has a very low risk strategy in their holiday business. They hold no inventory and only pay once the package is complete. They hold no room allocations.

They provide a platform for hoteliers to sell rooms. The aircraft are flying regardless so the risk is super low.

The more grim Northern Europe becomes the more people will escape south for respite.

You only know if you actually know.

The dividend is irrelevant to today. One can sit out until February and be in line for the dividend.

The UK market and risk profile is reflective of a destroyed economy and low morale.

Life feels very good in Southern Europe where really the summer boom continues.

It's obviously going that way but very very soon I doubt. Soon I will go with.

Are you mental

Sean I am happy not to be handing the traders easy money. A 20% step isn't sustainable. Let it build.

The share price makes no sense but it's not made any sense for a very long time.

A close today above £5.65 would be positive in my opinion.

It's going to take a few days for this to gain any momentum. Any immediate movement is just traders. Any genuine shareholders knew what was going to be released today.

easyJet are on a journey and today is a major step forwards. Q1 figures will be strong. I am hopeful of a £80m loss. An Ideal situation will be to start Q4 25 even. That gives a strong chance of £800m profit for the current year. Massive variable possibilities but this is firmly the strategy easyjet are playing.

Beo Q4 exceeded my expectations. 23 was a record Q4. It was a strong recovery period for easyJet. Q1-3 23 were prior to that. I knew Q4 would be very tough to make substantial growth on and everyone should have seen this as it was very obvious.

Improving Q4 is not the goal. The other 3 quarters is where the opportunity is.

The market has been open 12 minutes.

I guess that people's attention span has got to this level.

Come back in a few days and see where we are then in a couple of weeks.

Don't get sucked into others agenda.

Currently day traders are controlling the movement and we know they wet their pants at .5% margin

Lots of agendas to play through in the price.

Come back next week to see how the market liked it. It should start with a 6 by then

Open price looks very lame.

Only way is up

Last years lies that were quickly removed but triggered stops for many small shareholders.

Misinformation will be trying to get this down on opening.

Shame on Reuters allowing themselves to be used

https://www.reuters.com/business/aerospace-defense/easyjet-reports-weaker-than-expected-annual-profit-2024-11-27/

The timing of Easter is a bit of a drag on H1 but first they need to deliver the rest of Q1 which is performing strongly.

Outlook

· Expect to reduce winter losses with a significant improvement in Q1, with Q2 impacted by the timing of Easter and a prior year release of aged balances.

· Bookings and RASK

- Q1'25 is 80% sold, +2ppts year on year and we expect RASK to be broadly flat year-on-year.

- Q2'25 is 26% sold, +2ppts year on year against headwinds from the timing of Easter (moving into Q3'25) and the prior year release of c.£34m aged balances (these two combined are worth c. 4ppts of RASK reduction YoY)

· H1'25 CASK

- Headline CASK ex fuel is expected to slightly reduce, due to productivity and utilisation benefits.

- Fuel CASK is expected to reduce by c. 10% in H1'25

You can take that dividend before the spring.

25% planned growth in the holiday business for the current year. Very strong performance.