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.

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.

StockMarketWire.com
easyJet has warned that air traffic control strikes in France, runway congestion, the fall in demand after the Egyptair tragedy and additional costs following the Brexit vote will hit the group's figures.

easyJet says the operating environment for all European airlines in May and June has been extremely challenging.

easyJet says it has experienced 1,061 cancellations in the third quarter due to a significant number of disruption events, including the impact of continued strike action by French air traffic controllers, runway and congestion issues at Gatwick airport, severe weather and the knock-on cancellations across the easyJet network.

As a result, in June alone there have been over 700 cancellations to date, with strikes and weather conditions accounting for most of these and over 300 flights cancelled in the last seven days.

In June 2015 there were 487 cancellations, of which 420 related to the Fiumicino fire and thus were largely pre-planned. These incidents, together with the Egyptair tragedy, resulted in some drop off in consumer demand leading to lower yield and have impacted third quarter Profit before Tax by approximately £28 million and have had a negative impact on third quarter revenue per seat of c.1.6ppts.

This means that revenue per seat at constant currency in the third quarter will fall by around 8.6%, compared to the c.7% decrease guided at the half year results, as disrupted passengers were allocated seats that normally would have been sold close to departure for a higher yield. Following the outcome of the EU Referendum, we also anticipate that additional economic and consumer uncertainty is likely this summer and as a consequence it is expected that revenue per seat at constant currency in the second half will now be down by at least a mid-single digit percentage compared to the second half of 2015.

In addition, recent movements in fuel prices and exchange rates are now expected to add around £25 million of additional cost in the year to that guided at the half year results. In response, easyJet is continuing its efforts to drive ex fuel cost savings. easyJet's unique network, digital leadership, cost advantage and financial strength will ensure it continues to deliver its strategy and continue to be a structural winner.

Good company hıt wıth a bıt of Turbulence.


Wonderıng when to have a dabble.

Still getting trounced despite numbers up.

easyJet passenger figures up

StockMarketWire.com

Low-cost airline easyJet carried 6,937,601 passengers in June - 5.8% up on a year ago. The load factor was 94.1% - up from 92.7% last time.

On a rolling 12-month basis, the airline carried 71,872,886 passengers -up 7.1% - while the load factor rose to 91.5% from 91.2%.

There were 852 cancellations for the month which compares to 487 for June 2015.

Not good results ,terrorist attacks hurting this ..


easyJet revenue down

StockMarketWire.com

easyJet (EZJ) said passengers carried increased by 5.8% to 20.2 million, driven by an increase in capacity of 5.5% to 21.9 million seats and load factor increasing by 0.3 percentage points to 92%.

Total revenue per seat decreased by 8.3% at constant currency or by 7.7% on a reported basis to £54.54 per seat.

Total revenue in the quarter decreased by 2.6% to £1,196 million, as increased seat capacity was offset by the impact on yield of overall market capacity and cancellations as a result of significant external events.

Commercial and operational performance during the quarter was impacted by the Brussels attack and Egyptair tragedy, significant disruption due to air traffic control strikes and congestion, runway closures at Gatwick airport and severe weather leading to 1,221 cancellations.

Ongoing enhancements to our customer proposition and other revenue initiatives helped to stimulate bookings, partly compensating for the impact of disruption and other external factors.

Strong cost control as cost per seat including fuel improved by 3.8% at constant currency, due to low fuel prices and strong underlying cost focus.

easyJet's cost per seat excluding fuel at constant currency was broadly flat during the quarter. This was despite £20 million of disruption cost during the quarter.

Cash and money market deposits were £1,120 million and net cash was £368 million as at 30 June 2016.

easyJet chief executive Carolyn McCall said: "The economic and operating environment has been difficult in the third quarter due to a number of factors including air traffic control strikes and other industrial action, runway closures at London Gatwick and severe weather.

"These factors combined with industry capacity growth in short haul continue to have an impact on industry yields at a peak time of year.

"More recently currency volatility as a result of the UK's referendum decision to leave the EU as well as the recent events in Turkey and Nice continue to impact consumer confidence.

"Despite this, easyJet carried more passengers and achieved higher load factors during the third quarter as easyJet's brand continued to resonate strongly across Europe.

"easyJet is strongly controlling costs and driving continued improvement in operational and customer delivery.

"We are focussed on the opportunities that are inevitable from a tougher environment.

"The easyJet business model remains robust, with a strong cash position, solid balance sheet and a flexible fleet plan.

"The easyJet team is confident in its ability to navigate the period ahead and drive long term advantage.

Past few summers thıs one has sold off. Then had a rally come Autumn. Thıs year I am not so sure.

I don't fancy any airlines right now Claret ,too unpredictable with the chance of terrorist attacks .

To rıght jımmy b. Not much fun at aırports and flyıng lately. I need a break from all the commutıng.

Going down fast. Any thoughts

This is oversold... EZJ will bounce back up but buy when it start to rise.

It's recovering ground... in at 900p

you're a brave man ..... profit warnings almost never come singly and usually in 3s

885p seem to be a support at the moment and IAG looks a good bet too.