Shares in Easyjet (EZJ) are up 4 per cent this morning after the group reported a strong start to the year. Passenger numbers were up 13.3 per cent to 41.6m in the six months to March, while capacity was up 14.5 per cent. However, revenue per seat is now expected to fall in the second half of the year, due to Brexit uncertainty and the wider macroeconomic slowdown in Europe. Buy.
RNS Number: 3416 Z easyJet PLC 17 May 2019 17 May 2019. ·Capacity 1 increased by 14.5% principally due to annualising of new operations in Berlin. easyJet grew its existing network capacity by c.7%. Load factor decreased by 1.0 percentage points to 90.1% mainly as a result of building loads in Berlin in the first quarter.
On 13 May 2019, Equiniti Share Plan Trustees Limited, as the Trustee of the Company's easyJet plc Share Incentive Plan, notified the Company that it purchased on 10 May 2019, ordinary shares of 27 2/ 7 pence each in the capital of the Company on behalf of, and awarded matching shares to, the persons discharging managerial responsibility set out in the notification...
RNS Number: 7161 Y easyJet PLC 10 May 2019 TR-1: S tandard form for notification of major holdings. Contact Name and telephone number at easyJet plc for enquiries:. Stuart Morgan +44 7989 665 484.
Shares in easyJet (EZJ), Ryanair (RYA), and International Consolidated Airlines (IAG) were all down around 3 per cent respectively after it was reported that French pilots have threatened to strike for a week in May to protest a potential new law that would limit the union’s powers of representation. The new rule has yet to be passed, and so the strike will only go ahead if it becomes law. We maintain a buy on easyJet, hold on IAG, and sell on Ryanair.
RNS Number: 2504 W easyJet PLC 15 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
On 11 April 2019, Equiniti Share Plan Trustees Limited, as the Trustee of the Company's easyJet plc Share Incentive Plan, notified the Company that it purchased on 10 April 2019, ordinary shares of 27 2/ 7 pence each in the capital of the Company on behalf of, and awarded matching shares to, the persons discharging managerial responsibility set out in the...
RNS Number: 3258 V easyJet PLC 05 April 2019 easyJet plc. The Company announces that, on 5 April 2019, awards of up to £3,000 worth of ordinary shares of 27 2/ 7 pence each in the Company were made, as part of a pre-determined and committed programme of awards, to eligible employees under the "Performance Shares" element of the Company's HMRC approved all-employee...
easyJet (EZJ) shares fell nearly 8 per cent in morning trading after a warning on prospects for the second half of the year, prompted a significant downgrade in analyst forecasts. Macroeconomic uncertainty and “many unanswered questions surrounding Brexit” are behind softer demand for flights; the company already expects to post a £275m loss over its first half. With both sides of the Brexit negotiation process having pledged to keep the skies open, easyJet will be airborne come what may after Brexit. So perhaps short-term economic turmoil needn’t dent the investment case for a business which holds “one of strongest balance sheets in aviation,” in the words of chief executive Johan Lundgren. For now, our recommendation is under review.
Budget airline easyJet has warned of a more cautious outlook for the second half of its financial year, citing weak demand due to "macroeconomic uncertainty and many unanswered questions surrounding Brexit”. The company says it will deliver first-half results in line with expectations, with a loss of about £275m, compared to an £18m loss in the same period last year. However, the budget airline is seeing “increasing softness” in ticket yields in the UK and across Europe. Total first-half revenue for the year is expected to have grown by 7.3% to £2.34bn, but headline costs will be about 18.8% higher, due to greater capacity, higher fuel unit costs and increased cost per seat.
easyJet Plc (EZJ.L) Announced, in its trading update and pre-close statement for the six months to 31 March 2019, that its total first half revenue is expected to grow by circa 7.3% to circa £2,340 million with seat capacity increasing by circa 14.5% to circa 46.2 million as it continues to strengthen its position in key markets as well as completing the annualisation of its flying at Berlin Tegel airport. Total headline cost in the first half is expected to increase by circa 18.8% due to increased capacity, higher fuel unit costs and a modest increase in cost per seat excluding fuel. Whilst it will deliver H1 results in line with expectations, macroeconomic uncertainty and many unanswered questions surrounding Brexit are together driving weaker customer demand in the market, such that it is seeing increasing softness in ticket yields in the UK and across Europe. Given this uncertainty the company’s outlook for H2 is now more cautious.
easyJet expects to deliver a first half performance in line with the guidance given in the Q1 2019 trading statement on 22 nd January 2019, with an expected first half headline loss before tax of around £275 million.. Total first half revenue is expected to grow by circa 7.3% to circa £2,340 million with seat capacity increasing by circa 14.5% to circa 46.2...
RNS Number: 9319 T easyJet PLC 25 March 2019 easyJet plc. On 25 March 2019, Equiniti Share Plan Trustees Limited, as the Trustee of the Company's easyJet plc Share Incentive Plan, notified the Company that on 22 March 2019, it purchased ordinary shares of 27 2/ 7 pence each in the capital of the Company on behalf of the persons discharging managerial responsibility...
easyJet (EZJ) announced that 49.92 per cent of its shareholders are EU nationals, still below the 50 per cent plus one share threshold required by EU regulation following Brexit. New EU regulation will give airlines 6 months to comply with applicable EU ownership and control requirements following a "no deal" Brexit, provided that an airline submits an acceptable remedial plan. If by this time easyJet has not met the required threshold, then it will suspend the voting rights of shares owned by non-EU investors. The airline looks better prepared than some of its peers and has been clear in its communications with the market. Buy.
easyJet Plc (EZJ.L) Announced that new EU regulations were adopted, which will give airlines 6 months to comply with applicable EU ownership and control requirements following a "no deal" Brexit, provided that an airline submits an acceptable remedial plan. Since then, its EU (excluding UK) ownership has increased to 49.92%, however, this is still below the 50% plus 1 share that will ultimately be required following Brexit. Accordingly, the Board continues to stand ready to activate the contingency plan of suspending shareholders' voting rights in respect of a small number of shares on a last in first out basis, in accordance with existing provisions of our Articles of Association. The board expects to keep the EU ownership position under review following Brexit.
RNS Number: 6575 T easyJet PLC 22 March 2019 22 March 2019. easyJet PLC Update on EU ownership. On 7 February 2019, easyJet PLC announced details of the contingency plan that it will activate, if required, to ensure continued compliance with EU ownership and control requirements in a "no deal" Brexit scenario..
easyJet remains committed to Italy, as a key market for the company, where it currently carries 18.5 million passengers every year and employs 1400 pilots and crew, all on local contracts. We continue to invest in the three bases in Milan, Naples, Venice, as we have done by basing additional aircraft in Venice and Naples last summer.. RNS is approved by the Financial...
On 12 March 2019, Equiniti Share Plan Trustees Limited, as the Trustee of the Company's easyJet plc Share Incentive Plan, notified the Company that it purchased on 11 March 2019, ordinary shares of 27 2/ 7 pence each in the capital of the Company on behalf of, and awarded matching shares to, the persons discharging managerial responsibility set out in the...
The Company announces that it received notification on 8 March 2019 that Robert Carey, Chief Commercial& Strategy Officer, acquired 7500 ordinary shares of 27 2/ 7 pence each in the Company at a price of £11.81 per share.. The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail of the transactions...
The Company announces that it received notification on 18 February 2019 that Julie Southern, Non-Executive Director, acquired 776 ordinary shares of 27 2/ 7 pence each in the Company at a price of �12.7925 per share.. The below notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail of the transactions...
easyJet Plc
EZJ.L
easyJet Plc
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Company Profile

The airline was founded by Sir Stelios Haji-Ioannou in 1995, and he and his family remain major shareholders. Sir Stelios separately owns easyGroup IP licensing Ltd , the company that owns the "easy" brand and licenses it to the airline and also other companies.

Classification

Market Indices-

Locations

HQ
Hangar 89
London Luton Airport
LU2 9PF
Luton
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