easyJet is now a ‘buy’ priced at an “extreme” discount says Berenberg
“We expect easyJet’s Q3 interim management statement to highlight slow demand progress," Berenberg's analysts said
Company
LON:EZJ
EasyJet is engaged in the provision of a low-cost airline service on short-haul and medium-haul point-to-point routes principally within Europe.
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“We expect easyJet’s Q3 interim management statement to highlight slow demand progress," Berenberg's analysts said
JPMorgan is wary of the unpredictable response of European governments to a second wave, while UBS's research shows most Britons will not travel abroad this summer
Haji-Ioannou has been battling with the board to scrap a £4.5bn aircraft order he says would drive the company’s finances into the ground
The airline warned a month ago that 30% of its 15,000 staff were at risk
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Britain's blue-chip benchmark finished up over 66 points, or 1.08%, at 6,225
The aircraft will be sold to SMBC Aviation Capital, which will be the airline's preferred partner for other sales
Equity investors are the latest source of finance to be tapped by Easyjet, but will they be the last?
Customers choosing to rebook or take a voucher have meant cashflow has been slightly better than its estimate
The extra charge reflects inflation in labour and material cost
Neither of those leaving were subject of founder Stelios Haji-Ioannou's ire last month
The impact of the pandemic has resulted in four demotions from the blue chip index and another nine from the FTSE 250
The airline will operate at around 30% of its normal capacity between July and September
Tour operators TUI and On The Beach were also higher
Around one million companies are currently using the furlough scheme, with a survey finding that around a quarter saying they cannot afford to pay their staff
Air traffic won’t recover fully from coronavirus disruption until 2023, the airline predicted
He will stay with the airline until May 2021 and said he was grateful to the shareholders who supported both him and his fellow directors
Shareholders vote to keep chairman, CEO and CFO in place
Initial flights will comprise mainly domestic routes in the UK and France.
The hack comes at a difficult time for the airline, which has grounded most of its fleet due to coronavirus-related travel restrictions.
Stelios Haji-Ioannou is looking to stop a deal to buy 107 Airbus aircraft for £4.5bn, claiming it would drive the company into insolvency