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2023-05-21 01:57:28 ET Summary The low-cost airline aims to grow with its new easyJet holiday new division. easyJet closed in negative territory in its first half; however, a profit of £80 million is expected by 2023 end. The Italian market records a strong increase in pa...
2023-04-19 13:57:41 ET Summary easyJet plc expects to beat consensus profit estimates for FY 2023. Capacity expansion drove down unit costs excluding fuel. Fuel prices are elevated, but easyJet plc's revenue growth per seat has been outpacing cost growth. In January,...
2023-04-19 13:06:39 ET Summary Clientele’s willingness to pay more will support easyJet accounts. easyJet reported solid numbers and once again de-leveraged its Balance Sheet. Higher guidance, and so we confirm our long-term view. We are not surprised to see a...
2023-04-03 12:06:18 ET Airline stocks traded lower on Monday in reaction to the surprise production cut announced over the weekend by major oil producers in the OPEC+ group. Saudi Arabia, the top producer in the group that includes Russia, will cut 500K barrels per day . The total n...
2023-03-27 15:18:05 ET A “megastrike” in Germany on Monday did not dampen performance for shares of Lufthansa ( OTCQX:DLAKY ), Ryanair ( RYAAY ), and more on Monday. The nation’s transportation in terms of both rail and air was wracked by disrupt...
Deutsche Bank issued a double upgrade on easyJet ( OTCQX:EJTTF ) to Tuesday with the rating moving to Buy from Sell. Analyst Jaime Rowbotham and team like the summer setup for the European carrier. In particular, Rowabotham pointed to an improved macro outlook for the UK macro. "One o...
Summary In Q1, the UK company's pre-tax loss was £133 million (down sharply year over year). In the period, top-line sales increased by 83% to £1.474 billion. The airline's earnings estimates have risen and we confirmed our valuation. In conjunction with our commen...
Summary There is a positive booking trend for the Christmas period. After the strong results achieved in August, there were supportive numbers in Sept. Fuel hedging advantage and Ryanair's game-changer strategy make the low-cost operator a clear buy. ...
Airline bookings have stayed strong in August despite macroeconomic pressures that have lead to overall higher fares and labor disruption that has lowered capacity for some carriers. System net sales improved for the week ending August 7 to -9.2% vs. 2019 from the prior's week...
London’s Heathrow Airport, the busiest airport in Europe prior to the pandemic, has asked airlines to discontinue summer sales as it struggles with staff shortages and delays. A statement released on Tuesday explained that the airport cannot cope with surging passenge...
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