|Bid||1,026.00 x 0|
|Ask||1,027.00 x 0|
|Day's Range||1,004.00 - 1,036.00|
|52 Week Range||840.00 - 1,443.50|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||21.00|
|Earnings Date||Nov 19, 2019|
|Forward Dividend & Yield||0.59 (5.55%)|
|1y Target Est||1,479.74|
It's easy to match the overall market return by buying an index fund. When you buy individual stocks, you can make...
Flying within Europe was once a pretty expensive affair. National flag carriers enjoyed route monopolies and could charge whatever they wanted — that is, until the European Union created a single market leading to a boom in low-cost carriers. Not only was it cheaper to travel but there were now more places to travel to. […]
EasyJet has joined European rival Air France in condemning France’s plans to add a new eco-tax to flights. The new charge, which ranges from $1.70 (€1.50) to $20 (€18), is part of a government plan to raise money to fund improvements in public transport across the country. France hopes to bring in $202 million (€180 […]The post Quelle Surprise! EasyJet Hates the Idea of France’s New Eco Tax appeared first on Skift.
Britain's easyJet on Thursday reported third quarter trading in line with expectations, boosted by more customers taking optional extra services and enabling it to reiterate its full-year profit forecasts. The budget airline also announced that it had poached Peter Bellew as its chief operating officer from Ryanair. EasyJet said revenue for the quarter ending June 30 increased by 11.4% to 1.8 billion pounds, driven by more bookings, initiatives to optimise its pricing and more ancillary revenue from additional services such as allocated seating and luggage check-ins.
Every investor in easyJet plc (LON:EZJ) should be aware of the most powerful shareholder groups. Generally speaking...
BENGALURU/PARIS/SINGAPORE June 20 (Reuters) - When Karan Mehrotra booked a flight from Delhi to Guwahati, he did not go to a travel agent or an airline website. Instead, he turned to Amazon, the world's biggest online retailer which now sells tickets to Indian customers and offers them an easy payment process and cash-back offers. "It was just a lot simpler," Mehrotra said of booking a flight through Amazon.
Dividend paying stocks like easyJet plc (LON:EZJ) tend to be popular with investors, and for good reason - some...
(Bloomberg Opinion) -- If it’s true that all political lives end in failure, then the same could be said for business. Carsten Spohr became Deutsche Lufthansa AG’s chief executive in 2014, made an impressive start, and had his contract extended to the end of 2023. He may regret signing up for that long.The German airline’s shares tumbled 12 percent on Monday after it issued a second profit warning in as many months. It expects to generate as little as 2 billion euros ($2.2 billion) of operating profit in 2019, up to 25% below what was expected by analysts.The stock is now worth less than four times last year’s earnings, a pretty pitiful multiple, and investors who bought the stock when Spohr took over have lost money. Suddenly, a man feted as one of Germany’s most accomplished corporate leaders looks ordinary.How times have changed. Spohr’s response to a 2015 aircraft crash at the Lufthansa offshoot Germanwings was both sensitive and assured. Later on he faced down industrial action to win concessions from staff on pensions. In 2017, Lufthansa’s profit hit a record high and the stock price soared 150%. Spohr was duly named Manager of the Year by Germany’s influential Manager Magazin.Sustaining all of this was always going to be hard in the notoriously unstable airline business. Fuel costs have risen, rivals have added new capacity and air cargo demand has waned, thanks in part to U.S. President Donald Trump’s trade crusades. (It’s worth reading Bloomberg’s William Wilkes on Lufthansa’s litany of problems.)But Spohr can’t just blame external factors. His company has chased growth to the detriment of profitability and it has spent heavily on new jets and integrating older ones from the insolvent Air Berlin. Gross capital expenditure jumped 8% to 3.8 billion euros ($4.3 billion) last year, leaving precious little spare cash.While Lufthansa is still doing fine on long-haul routes, Spohr’s big idea — a budget subsidiary called Eurowings — has been a disaster. The new unit was meant to challenge Ryanair Holdings Plc and EasyJet Plc in Europe, and to serve long-haul holiday destinations, but it lost more than 230 million euros last year. Instead of breaking even in 2019, as was anticipated, it will now remain in the red.Spohr has hit the brakes on Eurowings’s expansion but the company plans to “vigorously defend” its dominant market position in Germany and Austria. Translated, that sounds worryingly like: “Fare war? Bring it on.”Ryanair is pursuing a similar battle of attrition against weaker rivals such as Norwegian Air Shuttle ASA, with the aim of forcing them out of business. But Ryanair’s costs are much lower than those of Eurowings.Of course, Lufthansa can afford a couple of bleak years. At the end of March it had 12 billion euros of net debt, aircraft lease and pension liabilities — or about 2.4 times Ebitda (a measure of earnings). Norwegian’s leverage is miles higher.But when your corporate strategy is all about acquisition (Thomas Cook Group Plc’s German arm could be next on Spohr’s shopping list) and heavy investment, falling profits are doubly alarming. They suggest cash might be misallocated. “We think the sooner the company focuses on value for shareholders and less chasing or defending market share, the better for the shares. We see no hint of that yet,” RBC’s Damian Brewer complained.At an investor event next week, Spohr has a chance to explain how he plans to fly Lufthansa out of this mess. Once seen as a safe steward of Lufthansa’s capital, he’s starting to look a little reckless.To contact the author of this story: Chris Bryant at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis 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.
Sep.05 -- Johan Lundgren, chief executive officer of EasyJet Plc, discusses the company's Brexit preparations, hedging against a weaker pound, airline industry demand and the impact of low-cost flights on climate change. He talks exclusively with Guy Johnson in London on "Bloomberg Markets: European Open."