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EasyJet - 4

Old 21st Aug 2016, 10:47
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You don't even need a new set of owners to change things. All it would take is replacing key people under whose watch things have gotten so bad in terms of customer service. The thing is the City is happy with higher than ever profits, ever growing load factors and dividends so unfortunately things will never change.
City looks to make money........ companies being bought and sold make it money.

If Easyjet is sold the cost if it has to be made back for the new owners.
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Old 21st Aug 2016, 10:57
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Mr A Tis
For most airlines, making a profit in the first 6 months the of the financial year (I.e the winter time) is difficult. Whilst easyJet made a profit in the winter before, most airlines make a loss over the winter months. That is why summer is still critical.
Not withstanding your gripes, easyJet has been making record breaking profits. As a spotter/enthusiast/industry man you will know just how seasonal our industry can be and that is reflected in an airlines profits.
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Old 21st Aug 2016, 11:31
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What ef83 says. This year will be challenging due to heavy discounting this summer but they should be a strong set of results for this FY. The northern summer is when most airlines make their money (hopefully covering the winter loss and more) resulting in an annual profit.

I can imagine winter losses are extremely common for Euro airlines and even Ryanair have reported winter losses previously only to make a profit overall. Winter schedules contract significantly and aircraft are parked up for the season or for certain days of the week to reduce the losses.

They also have bags and bags of unrestricted cash. Many competitors just have vast amounts of debt.
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Old 21st Aug 2016, 13:16
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What ef83 says. This year will be challenging due to heavy discounting this summer but they should be a strong set of results for this FY. The northern summer is when most airlines make their money (hopefully covering the winter loss and more) resulting in an annual profit.

I can imagine winter losses are extremely common for Euro airlines and even Ryanair have reported winter losses previously only to make a profit overall. Winter schedules contract significantly and aircraft are parked up for the season or for certain days of the week to reduce the losses.

They also have bags and bags of unrestricted cash. Many competitors just have vast amounts of debt.
Companies who have made profits for years have gone bust, companies who have made losses for years still operate.
Accountants fo earn their money.

Companys who have no cash go bust, companys who have lots of cash don't.

Bottom line is CASH is king.
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Old 21st Aug 2016, 13:47
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I can't see a big private equity bid for a FTSE 100 company like EasyJet happening.

Remember before the 2008 financial crisis there were potential private equity bids for Qantas and Iberia which would have ended in complete disaster had they gone through.
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Old 21st Aug 2016, 14:11
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Easyjet are currently in a vulnerable position with Brexit hanging over them and (in theory) legal trouble around long term traffic rights. Easyjet's legal team will be doing all they can, but management will be aware that a magic wand may not solve everything, especially if a competitor airline decides to challenge Easyjet's view of the legal world through the courts.

That said, a company would need to have very significant resources to mount a takeover bid of Easyjet. I doubt a company outside the UK / EU will be able to get round legal ownership constraints. Furthermore, other major airline companies like IAG, LH or AF-KL will be aware of the difficulty in integrating a LCC with a full service carrier without destroying company culture and invoking labour strife. A bid from Ryanair may well raise monopoly/competition concerns.

If I was a CEO thinking of bidding for Easyjet, I would want a much better idea as to what Brexit is going to look like from a legal standpoint first.
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Old 21st Aug 2016, 15:34
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and that will be a while
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Old 21st Aug 2016, 18:53
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A bid from Ryanair may well raise monopoly/competition concerns.#
That never going to happen
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Old 22nd Aug 2016, 05:50
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BA resurrects GO?? (Sh. this is a rumour network)
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Old 22nd Aug 2016, 06:51
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I presume EZY hold the IP for GO though!
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Old 22nd Aug 2016, 22:10
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Rumour is that Stelios and AerCap are teaming up to acquire easyJet and take it private.
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Old 23rd Aug 2016, 08:55
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Rumour is that Stelios and AerCap are teaming up to acquire easyJet and take it private ship it out to Africa and try to make Fastjet into a profitable airline.
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Old 23rd Aug 2016, 11:12
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May God help us all.

There will be shrinkage. All money syphoned off to start easyToothbrushes/easyFunerals/easyCarlube/easyChipShop or to bankroll current basket case businesses. Or even the extremely valuable easyJet name which is so engrained in European culture throughout the continent will be prostituted to the likes of two bob African LCCs who have all the success hallmarks of easyCruise. A brand name that is where it is due to the hard work of front line staff and not Stelios and certainly not the multi millionaire airline management board.

Time to sell up and jump ship?
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Old 23rd Aug 2016, 12:10
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If he does 2 things will happen..The Grand Dame will get her marching orders, (not before time) and customer service behind the scenes will be much improved.Cabin and Flight Deck always was very good

On another note they are having shocker in Biarritz..Had a birdstrike late last night on the inbound from Gatwick and pax have had to wait for it to be repaired.Still on the ground.Got a son on it, so we`ll see how quick they make the appropriate payments
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Old 23rd Aug 2016, 12:30
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Doubt will get much if anything, not our fault bird decided to fly into an engine.
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Old 23rd Aug 2016, 12:52
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Oh dear, you are out of the loop

Passengers delayed by bird strikes can claim compensation, judge rules - Telegraph
https://www.fairplane.co.uk/are-bird...sation-claims/
http://www.travelweekly.co.uk/articl...pensation-case
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Old 23rd Aug 2016, 14:31
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Once, as a passenger, I was preparing to board the aircraft that had just landed from the Airport I was returning to. The airline put out an indefinite delay due to a bird strike. The same aircraft then departed to North Africa empty.

Yes there had been a bird strike, but on another aircraft 1000 miles away. So the aircraft I was preparing to fly on had been requisitioned......which is being a bit naughty with the facts and very naughty with 150 hacked off punters.

So I'm with the Judge on this one...
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Old 23rd Aug 2016, 16:19
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But that could still happen today if the airline believes it more economical to work it that way. It still doesn't cover any deceit admittedly.

The fact is that a bird strike is, in the eyes of the law, within the airlines control which is absolutely ludicrous.

The legislation is actually a decent piece of consumer law but it should only apply to a limited number of circumstances and scenarios with the intent of achieving optimum performance from the airline. Instead, we have over compensation and sheer greed from joe blogs.
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Old 23rd Aug 2016, 16:24
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From what I can see all it has brought is:
-higher prices
-reduced safety margins
-no improvement in on time performance
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Old 23rd Aug 2016, 17:52
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Has reliability been improved, have engineering teams been required to strengthen procedures, or have airline scheduling / crewing departments been persuaded to leave a little bit more time between flights in case things go wrong operationally ?
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