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 Flying High on Year End Results
By Lou Gutheil

PUBLISHED: 19 Nov 2013 @ 14:46 | Comments (0) | More info about Lou Gutheil

easyJet’s (LSE:EZJ) share price continued its year-long ascent this morning after some mild turbulence over the past three months. By 1:00 pm today EZJ’s share price was 1,359 pence, up 103.0 from 1,256, an increase of 8.2% on the day.

The company released its final results for the year ending 30 September this morning, and the results were quite impressive.

51% increase in profits to £478 million (2012: £317 million)
10% increase in total revenue to £4,258 (2012: £3,854 million)
3% increase in operating margin basis points from 8.2% to 11.2%
55.8% proposed increase in dividend per share from 21.5 to 33.5 pence
Revenue per seat: up 7.0%
Seats flown: up 3.3%
Return on capital: up 6.1%
On-time performance rating: 87%


If the numbers are interesting, easyJet’s strategic plan is exciting. Clearly, executive management understands the issues faced by the airline industry, and its strategy, therefore, continues to be robustly successful. Whilst legacy airlines struggle to transform themselves, easyJet keeps carving out a larger piece of its niche and, at the same time, proving that it can be done profitably.

Building a low-cost airline is much more than offering low fares. In fact, the low fares are not a feature of a low-cost airline, they are a benefit made possible by operating the airline at controlled, lower than average costs. The company summed up its advantage in the competitive skyscape: ”easyJet has a cost advantage over its competitors in the airports that it operates from, allowing it to offer competitive and affordable fares. Its key competitors in the primary airports it operates from tend to be legacy carriers with older, less efficient aircraft, lower asset utilisation, lower seat densities and load factors and higher levels of fixed costs. easyJet’s lower cost base enables it to offer the affordable fares its customers value.”

Moving forward, the entire cost-driven strategy remains key to the company’s expansion and growth. ”easyJet is committed to maintaining its structural cost advantage against the legacy and charter operators who are its major competitors in the airports it operates from. Under the sponsorship of the Chief Financial Officer, easyJet lean is a programme designed to ensure unit cost growth excluding fuel is kept below the prevailing market inflation. The focus is on both reducing existing costs and initiatives designed to keep cost out, with targets set through to 2015 and beyond.”

Speaking of expansion and growth, easyJet also announced today that it will launch two additional routes out of Gatwick on 30 March 2014. Those flights will operate twice daily to Brussels and four times weekly to Strasbourg, adding to the 107 routes already being flown out of the airport. The company projects that it will be flying close to 1.3 million additional passengers per year following March 2013 and it will be hiring around 200 additional flight and cabin crew members in the interim to ensure service to scale.

Carolyn McCall, easyJet CEO, said “easyJet has delivered a strong full year performance and made significant progress against executing its strategic priorities. The results reflect easyJet’s continued structural advantage in the European short-haul market against both the legacy and low cost competition.”

Looking ahead, “easyJet expects that legacy carriers will continue to cut capacity from their unprofitable short-haul operations but that there will be increased competition from the new low-cost carriers looking to expand. Whilst the benign capacity environment is unlikely to continue in the short term, there will continue to be retrenchment by less efficient airlines and therefore opportunities for easyJet to continue to take profitable share in its core markets.”

Its keen awareness of the need to maintain tightly-controlled operational efficiency will be the foundation upon which easyJet will continue to flourish.

missed this one by miles, and prob far too late to jump on board now (unless cabin bags only!)

Agree, Good news with this lot for a while these days it seems.

20 Nov 2013 easyJet PLC EZJ Deutsche Bank Buy 1,342.50 1,345.00 1,560.00 1,560.00 Reiterates

SP TARGET 1560p

easyJet (EZJ) Plans Dividend of GBX 77.60
Posted by John Perry on Nov 19th, 2013

easyJet (LON:EZJ) declared a dividend on Tuesday, November 19th, AR Network reports. Stockholders of record on Wednesday, February 26th will be given a dividend of GBX 77.60 ($1.25) per share on Friday, March 21st. This represents a yield of 5.78%. The ex-dividend date of this dividend is Wednesday, February 26th. The official announcement can be seen at this link.

Several analysts have recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,500 ($24.18) price target on the stock. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,518 ($24.47) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,600 ($25.79) price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 1,386.85 ($22.36).

easyJet (LON:EZJ) traded up 7.09% on Tuesday, hitting GBX 1345.00. The stock had a trading volume of 6,169,884 shares. easyJet has a 52 week low of GBX 637.50 and a 52 week high of GBX 1465.00. The stock’s 50-day moving average is GBX 1278. and its 200-day moving average is GBX 1284.. The company’s market cap is £5.286 billion.

easyJet plc (LON:EZJ) is an airline carrier operating in Europe

i think the markets could be in for several days consolidation or retrenchment, so i'll hold off for now, but could dip a toe in due course

Should have been in 2 days ago. Certainlt from the off on that news about the special divi.

Suprised you werent.

Bet you were arguing with fred.

confess it isn't a stock i've ever followed so it was somewhat under the radar
can't chase everything :-)

BREAKOUT CONFIRMED This morning now for a
go at taking out above resistance and recent high
at 1452p.........

Bouncing nicely .

Very nicely. Lovely.

muppet has been a true muppet with hindsight :-)

Well done on these! grrrr.

Good call GF.

Could possibly take out the Aug high tomorrow.

Liberum Capital Buy 1,413.00 1,413.00 1,500.00 1,600.00 Reiterates

Another Broker note out this morning....

22 Nov 2013 easyJet PLC EZJ Liberum Capital Buy 1,375.00 1,413.00 1,500.00 1,600.00 Reiterates

SP TARGET 1600p

easyJet Given “Buy” Rating at Deutsche Bank (EZJ)
Posted by Stuart Ham on Nov 21st, 2013

Deutsche Bank reiterated their buy rating on shares of easyJet (LON:EZJ) in a research report sent to investors on Wednesday morning, Stock Ratings Network reports. The firm currently has a GBX 1,560 ($25.15) price target on the stock.

Deutsche Bank has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of Trina Solar. They have a $23.00 price target on that stock. Also, Deutsche Bank raised its price target on shares of Diana Shipping from $12.00 to $13.00. They have a hold rating on that stock. Finally, Deutsche Bank downgraded shares of Yanzhou Coal Mining from a hold rating to a sell rating.

Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a buy rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,500 ($24.18) price target on the stock. Separately, analysts at Credit Suisse reiterated a neutral rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,518 ($24.47) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a buy rating on shares of easyJet in a research note to investors on Tuesday. They now have a GBX 1,600 ($25.79) price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 1,389.23 ($22.40).

Shares of easyJet (LON:EZJ) opened at 1410.00 on Wednesday. easyJet has a one year low of GBX 679.00 and a one year high of GBX 1465.00. The stock’s 50-day moving average is GBX 1282.56 and its 200-day moving average is GBX 1286.. The company’s market cap is £5.541 billion.

The company also recently declared a dividend, which is scheduled for Friday, March 21st. Stockholders of record on Wednesday, February 26th will be given a dividend of $77.60 per share. This represents a yield of 5.78%. The ex-dividend date of this dividend is Wednesday, February 26th.

easyJet plc (LON:EZJ) is an airline carrier operating in Europe.

BROKER UPGRADE.
Nov 2013 easyJet PLC EZJ Jefferies International Buy 1,370.00 1,405.00 1,470.00 1,620.00 Upgrades SP Target 1,620p

Edition 4802/2013
Hong Kong Herald

http://www.hongkongherald.com8:21 AM Monday 25 November 2013 Hong Kong News

Easyjet makes money from selling seats
Hong Kong Herald Sunday 24th November, 2013


Easyjet has enjoyed a rise in fortune due to its seat booking option.

Chief executive for the company, Carolyn McCall, said the airline was greatly boosted by the option.

She said the company had taken in a 51% rise in yearly pre-tax profits partially due to the introduction of allocated seats.

Allowing passengers to book their seats, she said, had improved profitability greatly, with the result being a special dividend payment for shareholders.

A payout from Easyjet to shareholders will amount to around 72 US cents per share.

The airline will also grant a regular ordinary dividend payment of 54 US cents a share, based on its existing policy of paying out one third of annual profit after tax.

Easyjet saw average profits per seat rise 46%. It expects to increase passenger numbers over the year ahead.