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easyJet plc (EZJ.L)

LSE - LSE Delayed Price. Currency in GBp
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780.60-26.60 (-3.30%)
At close: 5:08PM GMT
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Neutralpattern detected
Previous Close807.20
Open798.00
Bid776.40 x 0
Ask778.20 x 0
Day's Range766.20 - 805.60
52 Week Range410.00 - 1,570.00
Volume6,588,843
Avg. Volume4,841,215
Market Cap3.567B
Beta (5Y Monthly)2.37
PE Ratio (TTM)N/A
EPS (TTM)-265.10
Earnings DateNov 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 27, 2020
1y Target Est1,479.74
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • EasyJet Holidays sees summer bookings surge 250%
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    • U.K. Imposes Mandatory Covid Tests on All Incoming Travelers
      Bloomberg

      U.K. Imposes Mandatory Covid Tests on All Incoming Travelers

      (Bloomberg) -- All passengers arriving in the U.K. will be required to prove they do not have coronavirus, showing a negative test result taken within 72 hours of the start of their journey.Under rules announced Friday, anyone failing to produce evidence they don’t have Covid-19 will be fined 500 pounds ($678). Travelers arriving from countries not on the government’s open travel corridor list will be required to isolate at home for 10 days, regardless of their test results.The measures, set out by Transport Secretary Grant Shapps, will come into force next week for passengers arriving in Britain by plane, boat or train. The plan is aimed at stopping new strains of Covid-19 coming into the U.K., such as one identified in South Africa, as the government accelerates the roll-out of vaccines, Shapps said.U.K. Bets 2 Million Vaccine Shots a Week Will End New Lockdown“The South African variant is worrying the experts because it may be that the vaccine doesn’t respond in the same way,” Shapps told LBC radio on Friday. “If that was the case it would be a tragedy to allow that into the country.”Entry to England will also be banned to those who have traveled from or through any southern African country in the previous 10 days, the government said, including Namibia, Zimbabwe and Botswana.Ministers were criticized for taking too long to impose border restrictions during the first wave of the pandemic in the spring. This week Prime Minister Boris Johnson put the country into its third national lockdown as infection rates soared. The death toll from the coronavirus now stands at more than 78,000.Airlines HitGovernments across Europe are extending curbs on travel to and from the U.K. to protect against a fast-spreading strain that took hold last month. Taken together, the moves have forced the hard-hit airline industry to pare back schedules in the early part of 2021.“U.K. aviation is, once again, effectively closed,” Airport Operators Association Chief Executive Officer Karen Dee said in a statement. “This has made a devastating situation for U.K. airports and communities relying on aviation worse.”Industry lobby Airlines UK called for pre-departure testing to be a short-term measure and for travel to return to normal as quickly as possible once the vaccine roll-out accelerates.Ministers should now focus on the creation of a common international standard, said Heathrow Airport chief John Holland-Kaye, who has been calling for the use of tests to boost passenger numbers. The call was echoed by the London-based World Travel & Tourism Council, which said there is still uncertainty around the type of tests which will be accepted. It called for wide access and affordability.Ryanair Holdings Plc, EasyJet Plc and British Airways are among the carriers that slashed their schedules this week, with Ryanair saying it will offer few flights from Jan. 21 until curbs are lifted.Ryanair Slashes Schedule, Citing Latest U.K. Covid LockdownAirlines Try Ultra-Cheap Fares to Get the World Flying AgainComplex TalksGovernment officials have been in talks for several days on how to coordinate a border policy across all four nations of the U.K., which have control over their own transport policies. In a separate statement, the Scottish government said it has agreed to the plan and the measures will be brought in as soon as possible.Welsh First Minister Mark Drakeford told the BBC on Friday he strongly supports the new rules and expects them to apply across the U.K.Passengers will need to show their negative test results before boarding and will be stopped if necessary. There will be some exemptions from the new rules, including for haulers, children under the age of 11, and for travelers leaving countries without an adequate testing infrastructure in place.On Thursday, Prime Minister Boris Johnson set out his blueprint for a mass vaccination program to protect about 15 million elderly and vulnerable people across the U.K., and their carers, by a self-imposed deadline of Feb. 15. After that, the government will look at whether to begin lifting some of the lockdown rules.(Updates with airport operators statement from sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    • Ryanair, Wizz Curtail Non-EU Voter Rights, Citing Brexit
      Bloomberg

      Ryanair, Wizz Curtail Non-EU Voter Rights, Citing Brexit

      (Bloomberg) -- Ryanair Holdings Plc and Wizz Air Holdings Plc will strip non-European Union shareholders of their voting rights to comply with the bloc’s airline ownership rules after the Brexit transition.All non-EU nationals will lose their rights from Jan. 1, Irish discounter Ryanair said Tuesday in a statement. Hungarian rival Wizz said separately it would take the same step, disenfranchising a majority of its shareholders.Other carriers have also made contingency plans in anticipation of a split regulatory environment post-Brexit. The EU requires airlines that operate routes between two destinations within its borders to be majority controlled by nationals of the bloc. U.K. citizens will no longer count as EU-based with the end of the Brexit transition.The issue was left unresolved in the Brexit accord reached last week, though the sides agreed to explore a liberalization of the ownership rules over the next 12 months. This will potentially insulate carriers from challenges based on their ownership structure, but not before further talks.Airlines with a large U.K. ownership “will either need to wait for a favorable agreement,” said Daniel Roeska, an analyst with Sanford C. Bernstein, or “design alternative ownership and holding structures to safeguard EU-nationality of individual airlines.”Wizz HoldersThe ownership issue and a related one involving flying rights affect carriers in slightly different ways, depending on where they are based and their structure. In response, companies have either limited who can buy their stock or eliminated voting rights.Wizz has a high quotient of U.K. investors because it chose London for its primary listing. Without any action, more than 80% of the low-cost carrier’s ownership would reside outside of the EU, threatening both its license and its right to fly EU-only routes. The airline said it will take away the same proportion of voting rights from all its non-EU shareholders. As a result, shares representing about 60% of its equity will be prevented from voting.Ryanair said all of its non-EU shareholders would lose voting rights. As of July, the company said 53% of shares were considered EU-owned, based on the definition that lasts until year-end. Britons will also join other non-EU nationals in not being able to buy its shares, a policy in place since 2002.The issue also affects the rights of airlines like British Airways owner IAG SA and EasyJet Plc to operate within the bloc.Brexit Deal Hands Business a Mix of Relief, Unwanted Change IAG, which also owns Iberia and Vueling, is incorporated in Spain but has significant U.K., U.S. and Qatari ownership. It has submitted plans in Spain and in Ireland, where it owns Aer Lingus, to bring those airlines into compliance. Under the current set-up, their status as EU-controlled could be tested.“We are confident that we will comply with the EU and the U.K. ownership and control rules,” IAG said in an emailed statement.U.K.-based EasyJet said on Dec. 23 that it would suspend voting rights of some holders on a “last in, first out” basis if necessary to lift its EU voting base above 50%. At the time, it was at 47%, excluding the U.K.The airline didn’t respond to requests for comment on Tuesday.ADR PremiumU.K. investment managers Baillie Gifford & Co., Schroders Plc and Jupiter Fund Management Plc are listed as shareholders of at least one of Ryanair, Wizz, EasyJet or IAG. None of those firms responded to requests for comment on Dec. 29.In a note, Roeska said any restrictions on direct ownership may place a premium on airline depositary receipts. He suggested U.K. shareholders hold on to stocks if possible and EU investors may see buying opportunities created by volatility in coming weeks.Ryanair advanced 3.7% as of 4:12 p.m. in Dublin. Wizz rose 0.4%, EasyJet was up 3.8% and IAG gained 2.1% in London, in their first trading session since the Brexit deal was announced.(Updates with shareholders in 12th paragraph, updates shares)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.