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.

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

Feb 2:
Numis:Buy - TP: 2100p
JP Morgan: Overweight - TP: 1815p

Passenger stats for January 2015

Feb 5: Liberum Capital: Buy - TP: 1925p

Feb 6:
Beaufort Securities: Buy TP: N/A
Liberum Capital Buy - TP: 2000p

Goodnight.

No K.


I would accept the 2000p.

Feb 13: Deutsche Bank: Buy - TP: 1830p

Feb 17: Cantor Fitzgerald: Buy - TP: 1900p

Feb 17: Commerzbank: Reduce - DownGrade

EZJ avoiding the turbulence today.

Mar 9: Goldman Sachs : Conviction buy - TP: 2200p

Mar 17: Barclays: Overweight - TP: 2150p

Mar 20: Deutsche; Buy - TP: 1830p

Mid.

If it doesn't make 2200 can we convict GS?

Trading Update and Pre-Close Statement

easyJet expects to deliver a first half performance ahead of the guidance given in the 27 January 2015 trading statement primarily due to the movement of exchange rates in the second quarter.

· Revenue per seat growth at constant currency for the six months to 31 March 2015 is now expected to be around 2.5%1;
· Cost per seat at constant currency for the six months to 31 March 2015 is now expected to increase by up to 3.0%,1, 3 due to higher levels of de-icing and disruption costs in the second quarter;
· As a result cost per seat at constant currency for the full year is now expected to increase by up to 2.5%2, 3;
· Based on a Euro : Sterling exchange rate of 1.3574 and a US Dollar : Sterling exchange rate of 1.4917 it is now expected that exchange rate movements are likely to have around a £20 million favourable impact in the six months to 31 March 20151 primarily due to the recent weakening of the Euro against Sterling;
· Using the same exchange rates, the first half favourable impact will reverse in the second half and it is expected that exchange rate movements are likely to have around a £40 million adverse impact in the second half. This will result in a £20 million adverse impact for the 12 months to 30 September 20152;
· It is expected that easyJet's unit fuel bill for the six months to 31 March 20151 will be around £35 million favourable and for the 12 months to 30 September 20152 it is estimated that easyJet's unit fuel bill4 is likely to be between £90 million and £120 million6 favourable.

Mar 26:
Liberum Capital: Buy - TP: 2000p
Panmure Gordon: Buy - TP: 2000p
Davy Reserach; Neutral TP: N/A