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.

July 22; More
Goodbody: Hold - TP: 1675p
Panmure Gordon: Buy - TP: 2000p

July 23:
Barclays: Overweight - TP: 1840p
Beaufort Securities: Buy
Deutsche Bank : Buy - TP: 1915p

July 24: Barclays: Overweight and llifts TP from 1840p to 1950p

Aug 4: Cantor Fitzgerald reiterates: Buy - TP: 1900p held.

6/8/2015

easyJet passenger figures up

StockMarketWire.com

Low cost airline easyJet carried 7,036,470 passengers in July - up 9.4% on a year ago. The load factor was 94.3% - up from 92.9% in July 2014. On a 12-month rolling basis, the airline carried 67,710,099 passengers - up 6.1%. The load factor rose to 91.4% from 90.2%.

Story provided by StockMarketWire.com

but sp never seems to get up a sustained head of steam which is a pity

Aug 18: Credit Suisse reiterates: Outperform - TP: 1973p

Aug 20: Nomura: Buy - TP: 2000p

*

Good Results..
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easyJet lifts guidance

StockMarketWire.com

Low-cost airline easyJet has increased its profit before tax guidance for the year to 30 September to £675m-£700m from £620m-£660m. The load factor for August was 94.4%, a new record at easyJet for any month.

Passenger numbers for the month were 7.06 million, which is also a record for the Group and is the second successive month of over 7 million passengers. easyJet has also seen stronger than expected unit revenue performance for August and in its outlook for September, supported by successful ongoing digital and revenue initiatives, capacity growth across easyJet's leading shorthaul network of around 6% and with particular strength on UK beach routes.

This strong revenue performance has more than offset the significant cost headwinds that the business has faced this year, with greater-than-expected disruption across the network particularly in April, the impact of the two fires at Rome Fiumicino airport, the one-off £8 million settlement with Eurocontrol and costs associated with higher load factors. Fuel and currency exchange rate movements remain broadly within previously communicated ranges1. Consequently full year profit before tax guidance is now expected to be in a range of £675 million to £700 million for the year to 30 September 2015, from £620 million to £660 million as previously guided.

Chief executive Carolyn McCall said: "These figures demonstrate the strength of easyJet - with its strong customer focus and its unique and winning combination of the best route network connecting Europe's primary airports, with great value fares, friendly service and industry leading digital innovations. "This platform meant that easyJet was best placed to maximise the strong late summer demand from UK passengers to get away to beach and city destinations across Europe and will enable the airline to set new records for full year revenue and profit."

Story provided by StockMarketWire.com

EZJ's passenger figures up

StockMarketWire.com

Low-cost airline easyJet carried 6,610,844 passengers in September - 7.6% up on a year ago.

The load factor was 93.1% - up from 92.2% last time.

On a rolling 12 month basis, the airline carried 68,629,825 passengers - 6.0% up. The load factor was 91.55 - up from 90.6%.

easyJet's full year profit before tax guidance continues to be within a range of £675 million to £700 million for the year to 30 September 2015, as previously guided in the trading update released on 3 September 2015.

Story provided by StockMarketWire.com

no pleasing some of course, even with record results

I think the market is expecting the Paris disruption to affect the next set of results. EasyJet is the second most frequent user of the Paris airports.

more like selling on the news i think, for even the forward forecast was strong, unless i missed something

No cynic you probably didn't the markets are getting more and more like a casino every day .

Morgan Stanley comment:
"We estimate EZJ’s 1H16 building blocks, assuming 1.5% reduction as a proxy for the ‘slight decline’ unit revenue guidance, could imply 1H PBT of around last year’s £7m level assuming currencies stay constant. This includes ~£75m of fuel price benefit. No consensus is available for 1H16, but FY expectation for FY16 is c£740m, growth of 7.8% Y/Y. We are 8% above consensus at £800m implying a FY16 PE of 10.3x. The company notes they are comfortable with the FY16 PBT consensus levels.

Initial guidance into 1H16 in line with our expectation – but cost inflation offsets solid revenue per seat outlook. 1H16 seat growth of ~8% Y/Y and 7% on a FY basis. We currently expect 8.4% in 1H16 (based on OAG schedules) and 6.0% for the FY, implying 6.2% in 2H. Constant currency rev per seat is guided “to slightly decline” for 1H16 against a reported (including currency) comp of +0.2%. Applying this guidance would imply a 2H rev / seat decline of c3.3% (against reported comp of -2.7%) to maintain our FY -2.6% estimate. Cost per seat ex fuel at constant currency is guided at +2% in FY, with the increase weighted to the 1H16 to account for Egypt and Paris issues. We assume a 0.4% reported decline in 2016e.

- FY16 unit fuel in jet fuel range of $450 to $550m/tonnes (spot is at $437m/tonne) is guided at £140 to £160m favourable impacts. FX at spot (1.522 GBP/USD, 1.4106 GBP/EUR) is guided at 1H £15 adverse movement and FY £40m adverse movement.
- An ordinary dividend of £219m declared at 40% payout. We had assumed a special dividend of £175m (44p /sh) in an effort of balance sheet optimisation, instead, the group ends the year with net cash of £435m.
- 4Q15 run rates on yield flat on a reported basis. FY15 PBT was delivered at £686m, at mid point of guidance of £675-700m, and versus our £701m estimate.
- Egypt repatriation costs and impact on Egypt forward bookings are included in the cost guidance but not separately quantified. Our analysis of OAG seat data indicates Egypt accounts for 0.8% of winter seat schedule, North Africa as a whole is 2.7%; and Paris is 11.3% with France being 14.7%."

Travel-related stocks were on the back foot behind easyJet 9EZJ), off 3.65% to 1586p, against a backcloth of global security concerns. International Consolidated Airlines (IAG) shed 3.08% to 550.5p, while TUI (TUI) fell 1.93% to 1067p and Carnival (CCL) flopped 1.49% to 3427p

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This and IAG getting hit hard due to the problems with travel .

interesting chart move .... sp has just broken north of the 50/200 dma confluence

The Sharm el-Sheikh disaster and the Paris attacks have hit EasyJet's revenue for the three months to 31 December.
The FTSE 100 airline said in a trading statement on Tuesday that the tragic events resulted in lower demand and yield in November and December, offsetting strong revenue per seat performance in October. As a result, revenue per seat was down 3.7% at constant currency, while total revenue was down 0.1% to £930m.

Currency turbulence sent low-cost carrier easyJet descending into the black in the six months to 31 March, reporting a loss before tax of £24m against a £7m profit a year earlier. The FTSE 100 firm made a constant-currency profit before tax of £5m as total revenue grew 0.3% to £1.771bn from £1.767bn. "We are confident that over the full year we will again grow passenger numbers, revenue and profit," said chief executive Carolyn McCall.