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EasyJet - 4

Old 15th Jan 2013, 21:24
  #3081 (permalink)  
 
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So Mrs Wowz and I should be OK, sitting together on our next trip, unless 25 of our friends decide to join us.
Personally, I would think that EZY did a favour to every other pax on that flight by making sure that all 27 in a 'group' were well seperated!
No offence!
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Old 16th Jan 2013, 09:22
  #3082 (permalink)  
 
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I am somewhat disgruntled, having booked a Flexi Fare at a considerable premium over the standard fare to discover that I could not change the route, but only the date. I thought it was possibly me doing something stupid, as I couldn't change the 'From' and 'To' boxes.

Looking for the Ts and Cs I found this :
easyJet Flexi Bookings do not allow route changes (i.e. You are not entitled to change the departure or destination airports of Your original Booking).
Fair enough, I should have done my homework before but I had assumed - foolishly - that it would allow a route change, all I was trying to change was the departure airport.
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Old 16th Jan 2013, 18:08
  #3083 (permalink)  
 
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Try the call centre and see what fee they levy for changing the airport. Will most likely be cheaper than buying a new ticket.
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Old 16th Jan 2013, 18:28
  #3084 (permalink)  
 
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Canaries Winter 2013/14

Hi all,
Any idea when to expect EZY flights for Winter 2013/14 to be on sale for ACE/LPA (or TFS)
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Old 18th Jan 2013, 20:14
  #3085 (permalink)  
 
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easyJet denies organising whip-round to pay passengers to leave overweight plane - Home News - UK - The Independent

Hmmmmmmmmmmmmmmm
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Old 19th Jan 2013, 09:26
  #3086 (permalink)  
 
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Surely, the airline knew days in advance the M / F ratio of bookings & the total check bags weight would have been known before boarding.
Therefore why was it left to off load people from the aircraft. £100 each is a bit paltry for such a failure.
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Old 19th Jan 2013, 12:28
  #3087 (permalink)  
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If easyJet knew in advance do you not think the ground staff would of not let a few people check in, or stop pax at the gate? Plus people often check-in bags that are over weight. Personally I would of had a few hold bags offloaded and flown on the next flight and taxi them to pax.

One thing easyJet doesn't do is lie to its pax, you might want to look at other airlines for that.

fr-
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Old 19th Jan 2013, 14:10
  #3088 (permalink)  
 
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One thing easyJet doesn't do is lie to its pax, you might want to look at other airlines for that.
You're joking aren't you!? They always promote Southend and say how great all the growth is, and makes people think that EasyJet are really adding capacity where what they don't tell you is that all the aircraft and crew at Southend have just moved down the road from Stansted. When easyJet opened the Southend base. They said that Stansted would not lose capcity when in the first summer, it lost more flights than Southend gained!

EZY have cut STN by a good 30%, a decision thay they may now regret since it's been sold to MAG and not once have EasyJet said anything about it. Ryanair for instance says it how it is. The most truthful outhere. If they cut back at an airport by even 20%, beleive me they will tell you about it!!!
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Old 19th Jan 2013, 14:24
  #3089 (permalink)  
 
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Easyjet won't regret that decision,why should they.
Ryanair failed to take the opportunity to expand around London,Easy had the vision and good on them!
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Old 19th Jan 2013, 15:54
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Ryanair failed to take the opportunity to expand around London,Easy had the vision and good on them!
And that just proves my point perfectly. EasyJet have you fooled. They have not expanded around London, they have shifted their capacity to cut costs and they may regret the decision if MAG either:

- Lower landing fees and operating costs to airlines & passengers so they can attain higher profits (although I admit price reductions are unlikely any time soon)

- As Stansted returns to growth (no ifs/buts, Stansted WILL grow again), which is exactly the reason why MAG have bought the airport because they see growth potential, their is going to be fierce competition on their Southend routes.
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Old 19th Jan 2013, 16:17
  #3091 (permalink)  
 
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FR
I am not fooled in any way.
The only shift in capacity has been from STN to SEN.
LTN has had 16 (?)based units for years,certainly routes have been transferred for business demands but the based units hasnt changed.
Ryanair for reasons known only to them turned down the opportunities that came available at LGW.Easy simply took the opportunity and now have ,what is it 30-40 based units.
They were new units not shifted capacity.
Don't forget Easy have a agreement with SEN for what some ten years.OK could be broken but I am not expecting a quick return of units to STN.
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Old 19th Jan 2013, 16:27
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Easy will have over 50 based at Gatwick in the summer!
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Old 19th Jan 2013, 16:28
  #3093 (permalink)  
 
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I'm not saying they will shift aircraft back to Stansted. Personally, I think they should but one person's opinion doesn't go far in the real world. The growth of traffic at Stansted, more so if it's not EasyJet, is still likely to make Southend feel the pinch of competition. I'm not saying EasyJet WILL regret the move, just that they MIGHT do further down the line as Southend's promotion and it's sort of new, quick, modern and friendly advantages begin to wear off and Stansted becomes more competitive.
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Old 19th Jan 2013, 19:37
  #3094 (permalink)  
 
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Easy will have over 50 based at Gatwick in the summer!
Thats 25% of their fleet based at one airport......................
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Old 19th Jan 2013, 20:16
  #3095 (permalink)  
 
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The company would base 50% of the fleet at LGW if they could get the runway slots for it. It is like a money printing press.
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Old 21st Jan 2013, 13:51
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Stelios on the warpath again

Sir Stelios threatens to sell family stake in fresh easyJet row - Telegraph
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Old 21st Jan 2013, 17:40
  #3097 (permalink)  
 
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"If they place such an order now I will be looking to dispose of more of my stake before this happens." (Stelios)

A threat? But what actually would happen if he sold his stake? Most likely a significant drop in stock's value, but a transient one, I assume. Am I wrong?
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Old 21st Jan 2013, 17:52
  #3098 (permalink)  
 
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Stelios is mouthing off. To dump over 25% of a company's shares on the market is a non trivial exercise. By forcing the sale of shares into the market, the price will fall while the market takes a gulp to absorb the shares. Stelios will see a decline on the value of his investment. Within a couple of weeks pension funds and insurers will have all bought up the stock cheaply and the share price will have returned largely to normal. Furthermore Easyjet's board will likely be pleased to see the back of an overbearing shareholder and return to running their business. It is possible that the share price will rise as they will see a board acting in the interests of all shareholders rather than just one.

If Stelios wants to sell, let him go ahead

Shed - no offence taken - always nice when someone has the same sentiment but for slightly different reasoning

Last edited by davidjohnson6; 21st Jan 2013 at 20:18.
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Old 21st Jan 2013, 18:30
  #3099 (permalink)  
 
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If a large block of shares in an otherwise valuable company were to be disposed of in a reckless and hasty manner, the party driving the selling would be exposed as the real loser once the dust settles. In reality, a large shareholder looking to dispose of a significant shareholding needs to sell in accordance with a sensible strategy in order to protect their own interests by achieving the highest possible price for the asset. When a shareholding constitutes some 37% of a successful, profitable company with (arguably) bright prospects, it should be relatively straightforward to broker the sale of large blocs of shares directly to institutional investors without trashing the shareprice on the open market.

However, if a large shareholder actually wishes to disrupt the market in a company's shares as part of a larger agenda (to apply pressure on management, for example), then the rapid disposal of a significant bloc of shares into the mainstream market will achieve the desired effect. Whilst this could only be done as a tactic (the shares sold would achieve well below best price for the seller), a 37% shareholder could sustain such losses for quite some time before eating significantly into his core holding. A disgruntled major shareholder could regard the sum forfeited as a consequence of intentional reckless selling as a worthwhile 'price' for making his point.

The above observations are of course generic. In the specific case of EasyJet, we are not party to the motives and objectives of Stelios and his allies (although we may deduce certain patterns from media reports). IMHO, if Stelios and allies were intent on selling out, I believe that there would be sufficient institutional interest to buy him out at or close to the prevailing shareprice. Of course, if the true motive is to remain a major shareholder for the long term, then a programme of tactical disposals (at a cost) may make sense to the selling party in order to exert influence over company policy.

Having followed this story for a very long time, it is difficult to foresee a joyful reconciliation between Stelios and his allies on one side and EasyJet management on the other. If Stelios could be persuaded to sell up (and reinvest the proceeds realised in companies better aligned with his stated investment objectives), this could be the best outcome for all parties concerned. Stelios could invest elsewhere for dividend income; EasyJet management could plan their fleet procurement as they see fit going forward.

PS. davidjohnson6 - My posting was already in composition before your reply appeared on the thread. No intention to tread on your toes here. Regards.

Last edited by Shed-on-a-Pole; 21st Jan 2013 at 18:33.
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Old 21st Jan 2013, 18:34
  #3100 (permalink)  
 
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If Stelios and family sell all shareholding to one party Easyjet would be in a takeover situation. Th enew owner of the shares would have to make a bid for all shares.

Interesting scenario.

Based on last published accounts 4 shareholders control over 50% of the shares.
Easygroup holdings 26.07
Polys Haji-Ioannou 11.11
Prudential 6.24
Standard Life 7.36
(Standard Life have acquired up to another 1% since then)

Even if he didn't sell then all it would need is one Institution to stop supporting management for a substantial Board change to occur.
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