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EasyJet - 4

Old 7th May 2011, 20:02
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Don't panic..it's a one-off
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Old 7th May 2011, 21:18
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..... as posted by lplsprog earlier.
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Old 8th May 2011, 00:24
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Saw earlier today on the other site. Well people keep whinging about "eurowhite".
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Old 8th May 2011, 08:07
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If it's a 'backwards' livery then shouldn't the tail be white with orange writing as in the pic it's the same as all of the of the other ezy aircraft?
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Old 8th May 2011, 10:02
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It's the 200th Airbus apparently . . .
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Old 10th May 2011, 07:15
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BBC News - Easyjet losses widen as fuel costs rise

"The carrier reported pre-tax losses for the six months to the end of March of £153m ($250m), up from a loss of £79m on a year ago."

Bad set of results that will no doubt have the majority shareholder making his feelings known about expansion.
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Old 10th May 2011, 09:16
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Shares in EZJ sharply up 5.36% as I type.

As the statement said - on target to meet full year profits as per business plan. This is an an airline that increased capacity by 12%. In a fragile economic market.

The oil price collapse and looming London Olympics will combine to put considerable upside on this story in due course.


WWW
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Old 10th May 2011, 10:34
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Bad set of results that will no doubt have the majority shareholder making his feelings known about expansion.


Every year we get this . . .

It's the half-year results which are always a loss - like most airlines, a loss is made in the winter and gains are made in the summer as www points out . . .
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Old 10th May 2011, 10:51
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Liking the all Orange look.....
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Old 10th May 2011, 14:24
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Bad set of results that will no doubt have the majority shareholder making his feelings known about expansion.
Every year we get this . . .

It's the half-year results which are always a loss - like most airlines, a loss is made in the winter and gains are made in the summer as www points out . . .
It in the results pdf as well that they normally make a 1st half loss!
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Old 10th May 2011, 14:44
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Absolutely. Plus the additional loss on last year almost entirely accounted for by increased tax and increased fuel bill. Ancilliary revenue per seat remains mainly flat but pax's continue to increase and yields remain strong.
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Old 10th May 2011, 14:57
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You are all missing the point, it was just an expected opportunity for someone to have a pop at Easyjet and we all know why.
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Old 10th May 2011, 15:21
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As a side, there will be some announcement attached to the bright orange A320.

there is a special reason for this, however we do not want to spoil the surprise just yet! All we can say is "All will be revealed on 26th May"...
The above is in response to a question asked on the staff intranet. The A320, according to jethro's fleet lists, is due on the 16th.
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Old 10th May 2011, 18:40
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After almost three years without any news (other than cuts), after that Manchester - Alicante which launched 29 September 2008, I wonder if easyJet will have short-term plans in Alicante.

A special case is the connection between Alicante and Rome. The route has never been operated and is a unique business opportunity for easyJet.

Especially after the conflict between Alicante airport authorities and Ryanair, I think "it's good fishing in troubled waters". For Ryanair, Alicante has always been a gold mine. Clearly when they don't close all routes in winter.

Sorry for this off topic.
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Old 10th May 2011, 18:51
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Anyone with an update about SXF winter routes ?
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Old 10th May 2011, 19:20
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It in the results pdf as well that they normally make a 1st half loss!
Having changed all of the management team and do worse than the old team I can't see how people see it as ok. Just because it happened before doesn't mean you accept it.
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Old 10th May 2011, 20:04
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Racedo, nearly all airlines make a loss over the Winter. They make the profit in the Summer months. I'm sure you know that the industry is very seasonal, well this is apparant when it comes to financial results.
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Old 10th May 2011, 20:25
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It's seasonal, but there are ways to make it a profitable season full stop. Just needs the right routes and scheduled aircraft on them.
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Old 10th May 2011, 20:34
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Stelios is indeed still not happy:

FT.com / Companies / Airlines - Founder seeks special dividend from EasyJet

“The company’s balance sheet is too lazy as a result of the previous absurd policy of zero dividends for 11 years after the IPO,” said Sir Stelios, the biggest single shareholder with control over a 38 per cent stake.

Sir Stelios, who stepped down as chairman in November 2002, said the airline had £600m more in cash than the mandated board policy.

“I think shareholders would be better off if the board returned this surplus cash to them, so they can invest it in other businesses.”
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Old 10th May 2011, 21:05
  #1940 (permalink)  
 
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It's seasonal, but there are ways to make it a profitable season full stop. Just needs the right routes and scheduled aircraft on them.
So why do so many/nearly all airlines fail to make a profit over these months? Making money in specific months/seasons is not a trend curious to just the airline industry either.

You're right, there are certain routes/network changes that can be made. Reducing aircraft utilisation is even an option. Most airlines (and certainly Easyjet) impliment these changes. However, they are done primarily to reduce losses.

I'm not going to patronise you. You know that there is huge seasonality in the industry and by virtue it is difficult to make money in the low months but very easy to make money in the high season. Consequently, what do you think Easyjet does wrong in the Winter that suddenly corrects itself in the Summer?

As for Stelios. I don't always agree with everything Easyjet does believe me. However, this guy really needs to shut up or sell. Growth has been measured in my opinion unlike FR's huge commitment to Boeings. Don't get me wrong, there have been issues along the way such as LGW's appalling OTP/Operational Performance last Summer but this wasn't down to the growth rate of the airline.
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