|Bid||901.80 x 28000|
|Ask||902.20 x 306100|
|Day's Range||897.80 - 930.20|
|52 Week Range||897.80 - 1,808.50|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||18.45|
|Forward Dividend & Yield||0.59 (5.04%)|
|1y Target Est||1,479.74|
Global risk appetite was jolted after Reuters reported Alphabet Inc's Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc said it had discontinued all shipments to Huawei. "Seeing as the United States has taken a tough stance against Huawei, traders are not hopeful that the U.S.-China trade dispute will be resolved quickly," David Madden, market analyst at CMC Markets UK, wrote in a note. Germany's DAX dropped 1.6%, while French stocks shed 1.5%.
After initially falling 6%, the airline's shares made up some ground after O'Leary, who helped to develop the no-frills airline model in Europe, argued that lower fares and profitability for a couple of years were a price worth paying to boost market share and hasten consolidation. O'Leary said the lower fares and profit were cyclical and that four or five European airlines were likely to emerge as the winners in the sector. "Our strategy would be to keep adding capacity as quickly as we can in all the markets where we can," said O'Leary, who has been in charge of Ryanair since 1994.
With summer vacation around the corner, here's a look at what you need to know before you purchase a ticket on a budget airline.
British budget airline easyJet said it would meet expectations in 2019 despite a worse trading environment than last year as worries over Brexit and economic weakness in Europe hurt consumer demand. EasyJet had already said last month that its outlook for the second half of the year was more cautious because European travellers were holding off booking their summer holidays for fear of how the Brexit process will pan out. EasyJet shares, which had fallen 13% since the April trading update to their lowest in over two years, were up 3.2% by 0844 GMT.
EasyJet Plc rose after saying it’s taken steps to reduce the impact of air-traffic disruptions this summer, offsetting an expected slump in fares and uncertainty surrounding Brexit. The discount carrier has made changes to optimize scheduling and doubled the number of backup planes on standby, which will help it avoid costly delays and cancellations from air-traffic control strikes and bad weather. The changes will help lower EasyJet’s costs per ticket sold for the fiscal year, rather than flat as previously expected, according to a statement Friday.
EasyJet has warned that airports are still not ready to fend off the sort of drone disruption that brought the low-cost carrier’s UK hub to a standstill late last year. EasyJet pinned some of the blame for widening first-half losses on the disruption at Gatwick, which cost it £10m as flights were suspended for 36 hours and about 140,000 passengers were affected in total. , they don’t have the authority to use them, they can’t train with them,” Johan Lundgren, easyJet’s chief executive, said of airport’s drone defences.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of easyJet Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
ITV has axed its most popular daytime programme, The Jeremy Kyle Show, following the death of a participant. “Given the gravity of recent events we have decided to end production of The Jeremy Kyle Show,” Carolyn McCall, ITV chief executive, said on Wednesday. The public broadcaster said it would continue to work with Jeremy Kyle on other projects.
Airlines operating in Britain should pay a seat levy to cover the costs of getting passengers home in case a carrier goes bust, a government commissioned review said on Thursday. The recommendations seek to even out anomalies in protection for British travellers, highlighted when Monarch collapsed in 2017, but airlines rejected the review's proposed "airline seat levy" which it said would cost less than 50 pence per passenger. "Although airline insolvencies are relatively rare... they do happen – and at times have required government to step in to repatriate passengers at great cost to the taxpayer," Peter Bucks, who chaired the review, said in a statement.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll evaluate easyJet plc (LON:EZJ) to determine whether it could have potential as an investmen...
Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook's airline business, with a deadline of May 7 set for expressions of interest, sources said. The heavily indebted British travel group put its profitable airline business up for sale in February after profit warnings in 2018 left it needing to raise cash. Thomas Cook's airlines business consists of Germany's Condor, as well as British, Scandinavian and Spanish operations.
Glasgow airport briefly suspended all flights on Tuesday after a report of a security alert on an inbound easyJet flight from London Gatwick. "There were reports of a security alert on an inbound easyJet flight from Gatwick," said a spokesman for Glasgow airport.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Facebook Inc could pay as much as ...
PARIS (Reuters) - France's main pilot union, the SNPL has warned the government it will call a strike from May 6 to May 11, which could affect all airlines operating in France, if a new law threatens to ...
The pan-European STOXX 600 index rose for a fifth-straight session led by the Swiss index and Germany's trade-sensitive DAX. The index of STOXX 50 volatility, the main gauge of market anxiety in Europe, fell to its lowest since mid-January 2018 helped by a shortened trading week for the Easter holidays. The banking, financial and insurance sectors provided the major boost, mostly drawing from earnings of big Wall street banks, with JPMorgan Chase & Co kicking off U.S. earnings on a strong note last week.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll apply a basic P/E ratio analysis to easyJet plc's (LON:EZJ), to help you decide if the stock is worth furth...
By Sinéad Carew and Herbert Lash NEW YORK (Reuters) - A gauge of global equity markets slid on Thursday as investors waited for first-quarter earnings reports, while Treasury yields rose after strong U.S. ...
European shares ground higher on Thursday, buoyed by gains among bank and travel stocks, with risk appetite aided by a European Central Bank official expressing willingness to support the euro zone. French central bank head Francois Villeroy de Galhau said that the euro zone was not in the situation of Japan and that the ECB was "not short of ammunition" to accelerate price growth and buoy the economy.
Saga, which serves the over-50s, said profit was liable to fall by as much as 75 million pounds this year as it faced margin pressure in its insurance business. To help revive its insurance business, Saga plans to offer home and motor policies with three-year fixed pricing and also cut prices for renewals. Bookings at the company's tour operations for the coming year were 3.4 percent lower than a year ago, Saga said, blaming uncertainty around Britain's exit from the European Union.
Ferrovie dello Stato, the state-owned operator of Italy's railways, has been in talks with Delta Air Lines over the rescue of Alitalia but last week said it needed more time to iron out a business plan for Italian flag carrier. Alitalia was placed under special administration in 2017 after workers rejected the latest in a long line of rescue plans, and Ferrovie has been struggling to find partners ready to inject fresh funds and revamp the airline. An end of March deadline expired as Ferrovie and its advisers were looking for investors.
European shares started the second quarter strongly on Monday, posting their biggest daily gain in a month and a half, as unexpectedly strong factory data from China and signs of progress in its trade talks with Washington boosted risk appetite. China's manufacturing sector surprisingly returned to growth for the first time in four months. The country's State Council on Sunday said additional tariffs on imports of U.S. vehicles and auto parts would continue to be suspended after April 1 in a goodwill gesture.