Just a heads-up for any traders out there. Easyjet seems to be bouncing back after its 20% fall during the week.

MM's seem to be walking the price up.

Right now we have EZJ Bid: 608.5p Offer: 609p Change: 11, was up 13 a few minutes back.

IAG and FLYB prices hardly moved today.

I was thinking that airlines, parcel carriers, coach operators, hauliers, ferry operators etc should all be reporting Q2 and final profit figures above expectations due to much lower fuel costs.....but I suppose it depends on how much they have hedged. Can't help thinking though, that Firstgroup and Stagecoach must be reaping the rewards due to the fact that they have to buy at pump prices. Maybe the airlines aren't so fortunate? I do know that the ferry operators tend to hedge a certain amount of their bunker fuel price, so at mo they are the wrong side of the market price. Presumably airlines hedge a bigger percentage than most?

British Bulls got it right;

EASYJET

Last Signal:SELL

Last Pattern:BEARISH DARK CLOUD COVER

Last Close:
1,644.0000

Change:
-38.0000

Percent change
-2.26%
Signal Update

Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 1,682.0000, and our valid average selling price stands now at 1,680.0560. The previous BUY signal was issued on 02/01/2015, 5 days ago, when the stock price was 1,683.0000. Since then EZJ.L has fallen by -0.17%.

HARRYCAT --------

Hedging positions
easyJet operates under a clear set of treasury policies agreed by the Board. The aim of easyJet's hedging policy is to reduce short term earnings volatility. Therefore, easyJet hedges forward, on a rolling basis, between 65% and 85% of the next 12 months anticipated fuel and currency requirements and between 45% and 65% of the following 12 months anticipated requirements.

EZJ CFO (Finance Director) to leave for ARM Holdings

DB4,

At what price are you considering buying at?

========

I have a sneaking belief some of the price drop of this one and IAG is due to "fears" of travelling at the moment.

Surely that goes without saying?

Yep!

But I wrote it.

After checking what I could on and off for a few days.


8-)

295 is cause for unsettlement
i don't think fear of flying has anything to with it - ask erica jong

Fred :-)

Jan 9: Credit Suisse: Outperform - TP: 1830p

Jefferies International reiterates buy on easyJet, target raised from 1750p to 1850p.

Jan 23: Morgan Stanley: Overweight -TP up from 1665p to 1770p

LOVELY.

EasyJet flight to Bristol forced to make emergency landing in Amsterdam after passengers detect 'burning chemical smell' in cabin
Flight EZY6238 was flying over the North Sea when it turned around
EasyJet spokeswoman said flight crew reported smoke in the cockpit
Plane was met by emergency services when it landed safely
Passengers waited inside the terminal until a new plane arrived

ByChris Kitching for MailOnline

Published: 10:01, 26 January 2015 | Updated: 10:06, 26 January 2015


Read more: http://www.dailymail.co.uk/travel/travel_news/article-2926477/EasyJet-flight-Bristol-forced-make-emergency-landing-Amsterdam-passengers-detect-burning-chemical-smell-cabin.html#ixzz3Pva8VIhv

Jan 26: Nomura: Buy - TP: N/A

Numis: Buy and 2100 TP (Jan 6) remains the most bullish of the lot.

Interim Management Statement

A. HIGHLIGHTS:

Drive demand, conversion and yields across Europe

· Seats flown grew by 2.9% to 16.6 million. Passengers carried increased by 4.1% to 14.9 million, and the load factor increased by 1.0 percentage point to 89.7%.

· Total revenue grew by £34 million to £931 million and revenue per seat grew by 0.8% on a reported basis to £56.16 per seat or by 3.7% at constant currency. The growth in revenue per seat was driven by disciplined allocation of capital across the network, revenue management and digital initiatives and growth in business passenger revenue.

Maintain cost advantage

· Full year cost per seat is expected to be in line with the guidance given at the full year results and be up by 2% on a constant currency basis. As expected in the quarter cost per seat excluding fuel decreased by 0.2% on a reported basis and increased by 3.7% on a constant currency basis.

· The increase at constant currency was primarily driven by anticipated increases in charges at regulated airports, mainly in Germany and Italy, crew costs associated with building a resilient operation ahead of base openings, the phasing of marketing expenditure on the business traveller punctuality campaign and an increase in maintenance costs associated with the planned ageing of the fleet.

· Cost per seat including fuel decreased by 2.0% on a reported basis and increased by 1.6% on a constant currency basis.

Build strong number one and two network positions

· Continued to increase frequencies on routes, such as Geneva to London Gatwick, and connect existing network points, such as Amsterdam to Hamburg.

Disciplined use of capital

· Strong balance sheet with cash and money market deposits of £913 million as at 31 December 2014.

Outlook

With first half bookings in line with last year, easyJet expects to report a first half loss before tax of between £10 million and £30 million assuming normal levels of disruption compared to the £53 million loss reported in the first half of last year.

Commenting on the results, Carolyn McCall, easyJet Chief Executive said:

"easyJet has made a good start to the year by continuing to deliver its strategy of making travel easy and affordable for passengers. We enjoyed a strong October across the network - particularly on UK leisure flights to beach destinations and on French domestic routes where we continued to build passenger numbers after a busy September."

"We further strengthened our network in the quarter adding around 500,000 seats, the majority of which are from airports where easyJet has a number one or number two position. This combined with our new TV ads aimed at business travellers enabled easyJet to sell record numbers of seats to business travellers in the first quarter."

"easyJet is well positioned to continue to deliver returns and growth to shareholders."

Jan 27:
Panmure Gordon: Buy - TP: 2000p
Credit Suisse: Outperform - TP: 2050p
Numis : Buy - TP: 2100p
Liberum Capital: Buy - TP: 1725p
Cantor Fitzgerald: Buy TP; N/A

Jan 28:
Deutsche Bank: Buy - TP: 1830p
Beaufort Securities: Buy - TP N/A

Jan 29:
Barclays: Overweight (up from Equalweight) - TP: up from 1850p to 2150p