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.

Looks like these guys are set to go into the FTSE 100 at the end of the month.

Broker Notes 3/04/2013

Panmure Gordon re-iterated its "buy" recommendation on budget airline Easyjet (EZJ) with a 1,250p target price. The broker is impressed with the Q1 revenue per seat growth of 8% in a result which was significantly ahead of market expectations and news which resulted in the firm increasing its H1 revenue guidance to a range of 6-8%. Looking ahead, Panmure believes that anticipated 3-5% capacity growth will allow yields to grow strongly, boosted by increased penetration of the business market amongst other factors.


3rd april

Liberum Capital 'Buy' target 1,246.00

Reiterates

Better figures than expected this
morning on update.........

easyJet expects to deliver a first half performance in line with the guidance given in the 24 January 2013 Interim Management Statement.



Revenue per seat growth at constant currency for the six months to 31 March 2013 was c. 8.5%, marginally ahead of the guidance issued on 24 January 2013, driven in part by stronger than anticipated late bookings in the run up to Easter. easyJet's first half revenue per seat growth was approximately 1.5 percentage points higher due to the timing of Easter which fell on 31 March, a week earlier than 2012.

Well good reports all around but the market has voted down do Ive flogged mine at a loss.

Personal pride isnt going to get in my way.

This is doing v. nicely and looks good for the near future.


Comment from Digital Look

"EasyJet shares´ ascent shows no sign of stopping. Passenger numbers have grown over the last year as has the load factor for its planes - a measure of how full they are. The company has further invested in 25 pairs of arrival and departure slots at Gatwick, which looks set to increase profits further. Thus, the only question seems to be whether it should buy more aircraft to try and steal more market share from competitors, especially business travellers. For the company´s largest shareholder, Sir Stelios Haji-Ioannou, that would be a vanity excercise and a drag on profitability. The earnings multiple of 14.5, falling to 13, does not look overstretched for a growth business and the yield is 2.1%, with plenty of scope to increase. The shares are once again a buy, Questor concludes. "

Anybody have ideas why the drop of 4.7% in SP to-day?

nope- profit taking?

HSBC downgrade.

HSBC!

Yes!

How the mighty have feet of clay.

Up over 7.5% at the moment.


"RNS
easyJet Q3 revenue climbs 10.5% but load factor declines

StockMarketWire.com

No-frills carrier easyJet said total revenue for the third quarter to end-June grew by 10.5% to £1.142bn, driven by a 3.6% increase in capacity and improvement in revenue per seat, which improved by 6.1% to £61.44.

Revenue per seat grew by 6.1% at constant currency or by 6.7% on a reported basis to £61.44 per seat driven by network optimisation and the on-going programme of revenue initiatives including the 'europe by easyJet' campaign, improvements to the revenue management system and the benign capacity environment for easyJet.

The load factor of 88.2% was 0.9 percentage points lower than prior year primarily driven by the timing of Easter which fell on 31 March 2013, a week earlier than in 2012. Passengers carried increased by 2.6% to 16.4 million.

Cost per seat excluding fuel increased by 4.5% at constant currency or by 6.4% on a reported basis. The increase was driven by the anticipated annualisation of significant increases in airport charges at regulated airports, especially those in Spain and Italy together with higher than anticipated disruption.

easyJet has secured its new framework arrangements for new aircraft through to 2022 to allow it to continue to execute its strategy.

easyJet announced that it has reached an agreement to acquire Flybe's 25 slots at Gatwick from summer 2014 for a total consideration of £20 million, subject to Flybe's shareholder approval.

Cash and money market deposits were £1,454 million and net cash was £714 million at 30 June 2013 demonstrating easyJet's continued strong balance sheet.

easyJet expects profit before tax for the year to 30 September 2013 to be between £450 million and £480 million assuming no further significant disruption."

Numis Add 1,450.00 1,336.00 - 1,500.00 Reiterates

if the present market correction is no more than that and will soon start bouncing, then this looks a good time to buy EZJ ..... look at the history of the chart .... it hasn't challenged 200 dma since it broke north in late 2011

Passenger Numbers out today.. tin hats?

EASYJET PASSENGER STATISTICS FOR AUGUST 2013

Doesn't look to bad on the face of it.

Ed: I've corrected my last post.

I'm hoping for the 'read across' to IAG.

Passenger Statistics For October 2013

Nov 6: AlphaValue: Reduce - TP: 1126.90p Upgrade

Final Results

Strategic progress

Drive demand, conversion and yields across Europe

· Total revenue per seat grew by 7.0% to £62.58 driven by a benign capacity environment and positive management action including allocated seating, improvements to easyJet.com and the 'europe by easyJet' campaign.

· Seats flown grew by 3.3% to 68.0 million as a result of easyJet's disciplined approach to capacity, load factors increased by 0.6 percentage points to 89.3% and passenger numbers rose by 4.0% to 60.8 million.

Maintain cost advantage

· Cost per seat excluding fuel increased 3.9% at constant currency for the full year (5.3% on a reported basis). 2.0 percentage points of the cost increase was driven by increased charges at regulated airports in Spain and Italy and a further 0.8 percentage point relates to increased disruption and de-icing costs. Inflationary pressures were largely offset by the continued success of the easyJet lean programme.

Build strong number 1 and 2 network positions
· easyJet has consolidated its presence in key airports with over a 40% share of short haul in key airports such as Gatwick, Milan Malpensa and Basel (2) and has built up its share of French regional flying and grown strongly in Italy.

· easyJet announced new base openings in Hamburg and in Naples. This was enabled in part by easyJet's returns focused decision to close the Madrid base.

Disciplined use of capital

· easyJet ended the financial year with £1,237 million of cash, an increase of £354 million against the position at 30 September 2012. easyJet had adjusted net debt of £156 million.

· The Board is recommending a return to shareholders of £175 million which will be in the form of a special dividend of 44.1 pence a share and is subject to shareholder approval at the Company's AGM on 13 February 2014. This is in addition to the regular ordinary dividend of £133 million or 33.5 pence a share based on its existing policy of paying out one third of annual profit after tax.

· Following the acquisition of Flybe's slots at Gatwick, easyJet exercised the six remaining aircraft options under the current generation Airbus agreement on 31 October 2013 for delivery in spring 2015.