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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  EasyJet plc    EZJ   GB00B7KR2P84

EASYJET PLC

(EZJ)
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easyJet : Ryanair expects to fly 4.5 million passengers in July

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06/30/2020 | 07:31pm EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Dublin

Ryanair expects to fly more than 4.5 million passengers in July as it returns to a more regular schedule with 40% of its usual capacity for the peak summer month, it said on Wednesday.

While that would be a drop of almost 70% from July last year, it would be a huge increase from April and May when Europe's biggest budget airline flew just 110,000 passengers.

The Irish carrier has operated a skeleton service since the COVID-19 pandemic shut down most European air travel in the middle of March and plans to restore almost 90% of its routes from July 1, albeit with fewer flights.

Passenger numbers for June are due to be released in the coming days.

Ryanair is trying to entice passengers back into the sky with lower fares and said a sale introduced on Wednesday represented the lowest fares ever offered by Ryanair during the peak summer months.

"These 1,000 daily flights mark an important turning point for Ryanair and for the tourism industry of Europe," Ryanair Group Chief Executive Michael O'Leary said in a statement. "We expect in July to carry more than 4.5 million customers."

Budget rival EasyJet resumed flying in mid-June but has said it expects its capacity to be about 30% of usual levels for the busy July-to-September season.

(Reporting by Padraic Halpin; Editing by David Clarke)

Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC -0.09% 663.4 Delayed Quote.-53.39%
RYANAIR HOLDINGS PLC 2.38% 10.75 Delayed Quote.-28.23%
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Financials
Sales 2020 3 256 M 4 088 M 4 088 M
Net income 2020 -605 M -760 M -760 M
Net Debt 2020 1 725 M 2 166 M 2 166 M
P/E ratio 2020 -4,40x
Yield 2020 -
Capitalization 3 015 M 3 802 M 3 785 M
EV / Sales 2019
EV / Sales 2020 1,46x
Nbr of Employees 15 000
Free-Float 69,2%
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Technical analysis trends EASYJET PLC
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Mean consensus HOLD
Number of Analysts 22
Average target price 820,00 GBX
Last Close Price 6,63 GBX
Spread / Highest target 18 592%
Spread / Average Target 12 261%
Spread / Lowest Target 6 683%
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Managers
NameTitle
Johan Peter Lundgren Chief Executive Officer & Director
Robert John Orr Barton Non-Executive Chairman
Peter Brendan Bellew Chief Operating Officer
Andrew Robert Findlay Chief Financial Officer & Executive Director
Sam Kini Chief Data & Information Officer
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1st jan.Capitalization (M$)
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RYANAIR HOLDINGS PLC-28.23%12 718
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UNITED AIRLINES HOLDINGS, INC.-62.91%9 488