EZJ.L - easyJet plc

LSE - LSE Delayed Price. Currency in GBp
-5.00 (-0.34%)
At close: 4:35PM GMT
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Previous Close1,482.50
Bid1,298.00 x 0
Ask1,540.00 x 0
Day's Range1,472.00 - 1,502.00
52 Week Range840.00 - 1,557.50
Avg. Volume1,896,814
Market Cap5.866B
Beta (5Y Monthly)0.92
PE Ratio (TTM)16.83
EPS (TTM)87.80
Earnings DateNov 19, 2019
Forward Dividend & Yield0.44 (2.96%)
Ex-Dividend DateFeb 27, 2020
1y Target Est1,479.74
  • Simply Wall St.

    Why easyJet plc's (LON:EZJ) High P/E Ratio Isn't Necessarily A Bad Thing

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at easyJet...

  • EasyJet to restart UK flights to Egypt's Sharm el-Sheikh resort

    EasyJet to restart UK flights to Egypt's Sharm el-Sheikh resort

    British low cost airline easyJet said it would restart flights between the UK and the Egyptian resort of Sharm el-Sheikh in June following an almost five-year break. Last October the UK government lifted an advisory against British flights to Sharm's airport which had been in place since 2015 when a Russian passenger jet was bombed, killing all 224 people on board shortly after take-off from the resort. EasyJet said on Wednesday that from June it will offer two flights a week from Manchester to Sharm, and from September, two flights a week from London Gatwick.

  • Financial Times

    Flybe saved from collapse after government brokers rescue deal

    Flybe has been saved from the brink of collapse after the UK government reached agreement on a rescue deal for Europe’s largest regional airline. The deal combines a number of measures, including a short-term deferral of some of  Flybe’s air passenger duty — which costs the airline about £106m a year — a potential government loan and a further cash injection from the airline’s owners, according to people briefed on the talks. The government is also considering cutting the cost of APD on domestic flights across the industry, a change that is likely to be announced in the government’s Budget in March.

  • JetBlue Moves to Become First Carbon-Neutral U.S. Airline

    JetBlue Moves to Become First Carbon-Neutral U.S. Airline

    (Bloomberg) -- JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists.The carrier also will begin using sustainable aviation fuel on its flights from San Francisco International Airport, the New York-based airline said Monday.JetBlue declined to disclose the cost of the offset program but said it won’t increase airfares as a result. The airline produces about 8 million metric tons of carbon-dioxide emissions each year and is working on a plan to compensate for international flights, said Sophia Mendelsohn, JetBlue’s head of sustainability.The carrier is following EasyJet Plc, Europe’s second-largest discounter, which in November announced it would become the first airline to offset carbon emissions from its flights. As concerns about the industry’s role in climate change have mounted, the number of people taking domestic flights has dropped in Germany and Sweden, where teenage activist Gareta Thunberg has spearheaded a campaign against air travel.JetBlue Chief Executive Officer Robin Hayes said his airline’s program isn’t a reaction to that growing criticism.“This is part of a long-term commitment we and the industry have to have to reflect the climate reality we are in,” he said in an interview. “Aviation has a central and important role to play, and has to make sure it’s preparing for the new climate we are operating in.”JetBlue fell less than 1% to $18.48 at the close in New York. The shares advanced 17% last year, while a Standard & Poor’s index of the five largest U.S. carriers climbed 10%.Protecting TreesJetBlue will earn carbon credits by investing in projects that protect forests from destruction; develop solar and wind farms instead of coal, diesel or furnace oil to generate power; and capture landfill production of methane, which can be converted into a renewable energy source.The airline said its investment is a cost of doing business, though notes that the expense of carbon offsets is likely to rise with demand. “By purchasing these now, we’re ostensibly locking in a hedge against rising CO2 prices,” said Mendelsohn, the sustainability chief. Other U.S. carriers purchase offsets on a more limited basis.JetBlue is working with sustainability consultants EcoAct and South Pole, as well as Carbonfund.org Foundation, a nonprofit organization that’s funded carbon-reduction and tree-planting projects across more than 40 states and 20 countries.Ensuring Legitimacy“We have put an incredible amount of rigor behind making sure these are real, they’re legitimate, they’re auditable, they’re traceable,” Mendelsohn said. “We selected a carbon offset partner with a long-term reputation that’s survived the squalls of carbon offsetting ups and downs.”While environmental advocates have praised corporate steps to reduce climate impact, they’ve also questioned whether buying offsets is enough and said that reducing emissions is more effective. If the airline industry were a country, it would rank among the top 10 emitters, according to the European Union.Projects such as capturing landfill gasses are considered a direct reduction of emissions, while preserving a forest is an offset because the trees that absorb carbon dioxide from the air already exist, said Bruno Sarda, president of CDP North America, a nonprofit that collects data from companies on climate change and environmental impacts. JetBlue, he said, has been at the forefront among airlines in addressing the issue.“We do expect airlines to continue ramping up their commitments,” Sarda said. “For sure the economics matter to them, but I think they realize the global constituency for climate change keeps rising, and people are looking at airlines as a luxury that may conflict with their desire to reduce climate impact.”JetBlue also will purchase renewable jet fuel from Finland’s Neste Oyj, mixing between 25% and 40% of the alternative with conventional fuel to power the airline’s 17 daily flights from San Francisco by midyear. The Neste MY fuel is produced from waste and residue raw materials and, according to the manufacturer, can reduce emissions by as much as 80% versus fossil-based jet fuel.The carrier has invested in emission mitigation projects since 2008, offsetting 2.6 billion pounds of CO2 emissions. It also has switched baggage tractors and belt loaders at New York’s John F. Kennedy International Airport to electric power, a change it plans to extend to 40% of its owned fleet by 2025.(Updating with environmentalist comment beginning in 13th paragraph. An earlier version of this article corrected the attribution for the ranking of top emitters.)To contact the reporter on this story: Mary Schlangenstein in Dallas at maryc.s@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • FTSE 100 climbs as oil prices surge after U.S. killing of Iranian general

    FTSE 100 climbs as oil prices surge after U.S. killing of Iranian general

    The FTSE 100 fell on Friday but avoided heavier losses as oil prices surged following the U.S. killing of top Iranian general Qasem Soleimani.

  • Something To Consider Before Buying easyJet plc (LON:EZJ) For The 3.1% Dividend
    Simply Wall St.

    Something To Consider Before Buying easyJet plc (LON:EZJ) For The 3.1% Dividend

    Today we'll take a closer look at easyJet plc (LON:EZJ) from a dividend investor's perspective. Owning a strong...

  • What the UK Election Result Means for Travel and Tourism

    What the UK Election Result Means for Travel and Tourism

    Ever since the UK voted to leave the European Union in the June 2016 referendum, the country has been in a state of paralysis. That looks to be over now thanks to a thumping win in the general election for Prime Minister Boris Johnson and his ruling Conservative Party. It seems certain now that the […]

  • Business Class Flying Is Under Attack

    Business Class Flying Is Under Attack

    (Bloomberg Opinion) -- Michael O’Leary of Ryanair Holdings Plc is an unlikely spokesman for how aviation can avoid killing the planet. The budget travel evangelist has delighted in disparaging “eco-warriors” and casting doubt on climate science. But as chairman of the European airline association, A4E, he’s now front and center of the effort to persuade governments not to impose new climate taxes on the industry. It’s not going well.This week the European Commission’s president Ursula von der Leyen unveiled a plan to make the continent carbon neutral by 2050. Her Green Deal is still thin on detail, but it’s already prompted plenty of criticism — from the green groups who say it doesn’t go far enough to the big polluters who fear it will harm their competitiveness, such as coal-dependent Poland and the airlines.One aim of the Green Deal is to make the price of transport “reflect the impact it has on the environment.” Accordingly, Europe will review aviation’s tax exemptions — kerosene isn’t taxed — and consider cutting the free allowances allocated to airlines under Europe’s emissions trading system.The airlines think they’re being unfairly maligned. They contribute about 2% of global emissions, a fraction of what cars and trucks produce. But unlike road transport, the aviation industry doesn’t have a convincing plan to decarbonize. Europe’s airlines are spending 170 billion euros ($189 billion) on new fuel-efficient aircraft, but these will still spew out carbon. Synthetic fuels are expensive and battery limitations mean emission-free commercial flights are years away.Aviation is typical of the trade-offs we’ll have to make to get to net-zero emissions. So far we’ve only done the easy stuff that doesn’t force people to give up much or pay more for cheap products and services. The airlines are lobbying for better air traffic management in Europe’s crowded skies, which would cut the amount of fuel used. But there’s only a certain amount of carbon we can keep emitting before things go from bad to catastrophic.The question of who will have to cut back most on their polluting raises issues around economic growth and fairness: The top 10% of most frequent fliers took more than half of all flights from England last year, while almost half the population don’t fly at all. Airlines don’t even agree among themselves about whether to punish the business lounge elite or the weekend City breakers.  IATA, the airline trade body, boasted this week that more than 4.5 billion passengers will take a flight this year as tickets become ever cheaper. The average return fare, adjusted for inflation and taxes, is almost two-thirds lower than it was 20 years ago. “Flying is freedom,” Iata’s Alexandre de Juniac intoned.But even flying fanatics are no longer convinced that its growth should be unconstrained. Over-tourism in the Mediterranean has brought this to wider attention. When the environmental impact of a business isn’t priced in, there can be such a thing as too much freedom. Ryanair makes the reasonable point that aviation taxes are a levy on the poor. Making flights more expensive will hurt those for whom 20 euros in new taxes, say, is the difference between flying and staying home. It’s fine to encourage people to take a train, but rail fares are often higher, and decent services are concentrated in richer European countries. A similar debate is raging in the car industry, where the cost of electric batteries could make small cars — often bought by the young and elderly — uneconomical.Hence the budget airline Wizz Air Holdings Plc struck a nerve with a video that calls for the business class cabins of its big legacy rivals to be banned.(2) “We think you’re doing great… harm to our planet… Are all those empty seats worth the damage they cause?” the narrator asks.Wizz is, of course, talking its own book; it doesn’t offer business class. But in a carbon-constrained world, abolishing business and first class isn’t so outlandish. Because of their ability to sell out flights and cram passengers on-board, Wizz and Ryanair are Europe’s two most efficient airlines when measured on CO2 per passenger km traveled.Naturally, the older carriers don’t see it that way. Ryanair’s promotion of tickets that cost less than 10 euros is “economically, ecologically and politically irresponsible,” according to the Lufthansa chief executive officer Carsten Spohr. KLM of the Netherlands is even encouraging consumers not to fly if they don’t have to.The airlines still hope to find a way out of the impasse. EasyJet Plc will offset the carbon produced by all its flights, for example by paying to plant trees. That will cost the airline just 25 million pounds a year, equivalent to about 26 pence per passenger or 3 pounds per ton of carbon produced. But such measures haven’t always delivered the promised benefits and have been likened to the old Catholic practice of selling indulgences. While the price of European carbon permits has risen above 20 euros a ton, that’s probably too low to really affect ticket prices or encourage the use of expensive synthetic fuels. In 2019 Ryanair paid 115 million euros for emission allowances, or less than 1 euro per passenger.(1)  The Green Deal is billed as a “growth strategy” but nobody should pretend this won’t involve hard decisions. The noisy complaints are an industry realizing its license to expand and pollute is being revoked.(1) On flights lasting less than five hours(2) If you include air passenger duty, it claims the total for environment taxes is about 4 euros per passenger.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • An Intrinsic Calculation For easyJet plc (LON:EZJ) Suggests It's 29% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For easyJet plc (LON:EZJ) Suggests It's 29% Undervalued

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of easyJet plc (LON:EZJ...

  • Ryanair seeks to delay operations chief's flight to easyJet

    Ryanair seeks to delay operations chief's flight to easyJet

    Ryanair launched a bid in Ireland's High Court on Tuesday to prevent operations chief Peter Bellew from joining arch-rival easyJet until 2021, saying he possessed information of immense competitive value and that he had signed a non-compete clause. Europe's biggest budget airline said in July that the former Malaysia Airlines boss, who denies that he is bound by such a clause, would step down at the end of the year. On the opening day of the case, a lawyer representing Ryanair listed information he said the airline could not allow to be passed to its rival, including details of delays to the delivery of Boeing's grounded 737 MAX aircraft as well the terms of deals Ryanair has signed with partners.

  • Thomson Reuters StreetEvents

    Edited Transcript of EZJ.L earnings conference call or presentation 19-Nov-19 9:15am GMT

    Full Year 2019 Easyjet PLC Earnings Call

  • easyJet plc Analysts Are Pretty Bullish On The Stock After Recent Results
    Simply Wall St.

    easyJet plc Analysts Are Pretty Bullish On The Stock After Recent Results

    Investors in easyJet plc (LON:EZJ) had a good week, as its shares rose 3.5% to close at UK£13.48 following the release...

  • Reuters

    EasyJet seeks to "do the right thing" offsetting emissions, critics say fly less

    EasyJet's pledge to offset its carbon emissions isn't the end of its efforts to clean up its act, the budget airline's chief executive said, adding it will look into hybrid and electric planes amid criticism the aviation sector isn't doing enough. On Tuesday, easyJet said it would become the first major airline to achieve net-zero carbon emissions across its whole network through offsetting of its flights. The aviation industry accounts for over 2% of global greenhouse gas emissions, and if left unchecked emissions are expected to rise as passenger and flight numbers increase.

  • EasyJet to offset carbon emissions for all flights

    EasyJet to offset carbon emissions for all flights

    Britain's easyJet aims to become the world's first major airline to operate net-zero carbon flights across its entire network, it said on Tuesday after posting full-year profit towards the top end of expectations. In addition to the plans to offset emissions from flying, the budget carrier also announced that it would launch easyJet Holidays in Britain by Christmas, offering its own beach and city breaks after the demise of tour operator Thomas Cook. The carbon offset programmes will cost about 25 million pounds a year, though Chief Executive Johan Lundgren acknowledged that longer-term solutions are also needed.

  • Reuters

    UPDATE 1-Growth plays pull European shares to new 4-year high

    Growth-dependent cyclical stocks drove European shares to a four-year high on Tuesday as a temporary reprieve for China's Huawei from U.S. sanctions encouraged bets that the world's largest economies could reach a trade truce. Most sectors in the benchmark European index rose, with media stocks one outlier due to a 19.7% slide for Luxemburg-based satellite provider SES after Federal Communications Commission chairman Ajit Pai said he backed a public rather than private auction of spectrum for next-generation 5G wireless networks.