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.

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.

Plenty of news coverage Easyjet most of it negative.

Not doing too well today.

Any reason?

Ex Div today I think Claret.

It is both.

chart is pretty shitty .... am glad i took my medicine some time back

following in the footsteps of IAG's results and no doubt also with some reflection of weaker crude, all airlines are having another good day
as it happens, EZJ is faring slightly better than RYA

Half yearly report http://www.moneyam.com/action/news/showArticle?id=5549562

so you clever chaps, which i am not, do you think those numbers are good enough to sustain the recent sharp rise in sp?

my gut feeling is not - but then i took my decent profits on a trading position yesterday

No idea but trying to second guess company results can be a pretty fruitless exercise personally, best trade what you see as they say.

tempted to say "told you so" but shall restrain myself :-)

Trading update looks good on a first read http://www.moneyam.com/action/news/showArticle?id=5694299