March passenger and load figures confirm growth trend at Europe's main budget airline.

Present share price may provide a good medium term buying opportunity, given recent broker upgrades to 380pence.

Consensus EPS for Sep 04 is 20.7p, rising to 26.8p in 05, and 35.3p in 06. Given the new routes announced recently, these forecasts are probably too cautious. A PEG ratio well below 1, puts this stock in the growth-value category, and well worth holding for the next 12-24 months.

All IMHO.

TSQ.

Only with original stake.

easyJet PLC
19 November 2004

easyJet plc


Friday 19 November 2004


RNS Announcement

The Board of easyJet plc has received this communication from Stelios
Haji-Ioannou which is attached below together with Sir Colin Chandler's response
on behalf of the board.



'Sir Colin,

this is a short note to let you know about my meeting with Hannes
Smarasen, the Chairman of the Board of Icelandair which took place at the
easyGroup office in London on the 17th of November at his request.



He explained to me that their investment in easyJet PLC, which I
estimated to have cost them around GBP50m, was financed by some of the GBP60m in
cash Icelandair had on its last published balance sheet dated 30/6/06 plus a
capital increase since that date and some leverage, both of unspecified amounts.



Then I explained to him that I am an insider to easyJet and that I would not be
able to discuss matters which are not already in public domain. The rest of the
discussion centered around my already published views on matters like going
private and/or selling down/out, neither of which is an option I am considering
at the moment.

I also explained that because I own the 'easy' brand privately and license it to
the airline, I would not exit from easyJet PLC, as the brand is a key component
of my overall easyGroup expansion plans. I also reminded him that for as long as
I own 10% of the stock I have the right to be chairman.



We also exchanged views on how to improve the profit margin and the return on
capital employed (ROCE) of easyJet PLC which we both agreed are the key
performance indicators of any business. Since both of us are knowledgeable
airline investors, we touched on the usual subjects of aircraft utilization and
airport costs but we both agreed there are no paradigm shifts in the cost base
one could anticipate in the near future. However we both agreed more can be done
on both costs and yield improvement.



We agreed to stay in touch, from time to time, as I would be happy to do with
anyone who has invested such a large amount of cash in any of the companies that
I have an interest in. I thanked him for the confidence in easyJet PLC and
congratulated him on the timing of his investment.'




'Dear Stelios

Thank you for your letter and my colleagues and I are grateful for the record of
your meeting. Like you, we are pleased with the investment by Icelandair as a
statement of confidence in the easyJet business model. We intend to release your
letter and this reply to the market this evening and on our website

with best regards
yours sincerely

Colin
Sir Colin Chandler
Chairman
easyJet plc'


Enquiries: Toby Nicol, easyJet 01582 525339


This information is provided by RNS
The company news service from the London Stock Exchange
---------------------------------------------------------------------------------------


Interesting RNS just released.... all seems nice and friendly.


I particularly like the bit about "the timing of his Investment".

Goodluck stan theres still time for easyjet to go some more,how much i dont know 2.00 looks about the top at the moment,considering the recent run upwards.

Looking good for the holders,if the papers are right stan.

Apparently so, but not Impressed about that bit about taking It private. In the Express so might be rubbish I suppose.

Seems not to want to go above 183p and tempted to come out today.

We seem to be the only ones In on these Dave....any other holders on here watching and If so what do you think?

SEO have been tipped by alot of people also some good posts on Filtronic on iii, DYOR.

Have you got the wrong thred Adie?

i sold at an average of 1.83 today, but i think i've made a mistake! i needed to make sure i had enough in my account to cover 50,000 lloyds down to 400!
i think they're still going up and as soon as lloyds stops killing me i will buy them again.

Stan i sold mine nearly 2 weeks ago,but i like to keep my eye on it 1.76 i think i got,its on this thread,be lucky ..

I will keep my eye on easyjet,,you just never know i mite be back in if it drops alot..

Silly me must have missed that Dave. In two minds about tomorrow so have sold at 185p. Decided to play safe and take the profit, But will keep my eye on things.

You did better than me,and i thought i did well 45 pence more than my buy price.

Dave,

No I didn't, I payed 1.76.5p for mine so you did a lot better, very well done I'd say.

Bush,

Not sure you did make a mistake but as we know only time will tell.


Looking forward to seeing what that price does tomorrow now.

Stan,keep the faith.

Going north must be almost there now,top end of the share price.

DD, sorry, still pretty new to this, but why is this top end....would have thought a gradual continuation to 250 300 was more very possible even short term?

Yes come on Double D show us some reason behind your thoughts that EZJ is at the top. The chart MACD & RSI doesn't give that outlook:

BB,thats what the boards are all about,opinions yours is different to mine. I have no position on this any more,but i would find a climb to those numbers amazing,its all about costs with ezj,and they fly to premiun airports,which charge top wack ,,o`leary air they are not.
I hope your right if you are a holder ,,booboo,,but i cant see it myself!

lol

Opto cracking chart thats why i bought at 131/150,but that was then,and this is now,i just cant see the buyers willing to enter at this level and
hang around to those levels of 2.50/3.00 ..
Its easy to turn 25% profit on a weak situation,,131/150 level,,than it is now.
Easyjet was a nice one to buy,,,but now for me i will leave it alone..

COME ON EASYJET.

Like i say goodluck,i`ve made my money.