Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. EasyJet plc
  6. News
  7. Summary
    EZJ   GB00B7KR2P84

EASYJET PLC

(EZJ)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-28 am EST
393.00 GBX   -2.94%
12:04pLONDON MARKET CLOSE: Stocks off as China worries undermine sentiment
AN
10:48aUK earnings, trading statements calendar - next 7 days
AN
07:23aRolls-Royce successfully tests hydrogen-powered jet engine
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

EasyJet shifts focus to cut own emissions rather than off-setting

09/26/2022 | 05:51am EST
FILE PHOTO: An Easyjet Airbus aircraft takes off from the southern runway at Gatwick Airport in Crawley

LUTON, England (Reuters) - Britain's easyJet said it would reduce emissions by 78% by 2050 by stepping up investment in efficient aircraft, sustainable aviation fuel and operational efficiencies, and ending its carbon offsetting scheme.

The low-cost carrier said it had contracted all its sustainable aviation fuel needs for the next five years from its supplier Q8Aviation, while it was also investing in technology to optimise the descent of its aircraft.

The new measures follow its fleet upgrade programme using fuel-efficient Airbus A320 NEO aircraft, and a partnership with engine maker Rolls-Royce to test the use of hydrogen in turbofan engines.

Chief Executive Johan Lundgren said: "We believe this is doable. We recognise it is ambitious as well."

He said the carbon-offsetting programme launched in 2019 was always an interim measure until new technology to reduce the airline's own emissions started to come on stream.

"If you go out and ask the public in general, they would say that the best way to decarbonise the industry would be through this zero-emission technology and that is what we are now putting more attention on to," he told reporters at the company's headquarters at Luton Airport, north of London.

(Reporting by Paul Sandle; Editing by Kate Holton)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -5.68% 107.36 Real-time Quote.-4.45%
EASYJET PLC -2.94% 393 Delayed Quote.-29.32%
ROLLS-ROYCE HOLDINGS PLC -2.45% 88.62 Delayed Quote.-27.88%
All news about EASYJET PLC
12:04pLONDON MARKET CLOSE: Stocks off as China worries undermine sentiment
AN
10:48aUK earnings, trading statements calendar - next 7 days
AN
07:23aRolls-Royce successfully tests hydrogen-powered jet engine
RE
03:32aRolls-Royce and easyJet complete world first hydrogen aero engine run
AN
01:21aBest of the brokers
AQ
11/25UK earnings, trading statements calendar - next 7 days
AN
11/25EMPTY NESTERS ON BOARD EasyJet targets over 45-year-old for cabin crew
AQ
11/24UK earnings, trading statements calendar - next 7 days
AN
11/24LONDON BROKER RATINGS: Numis cuts discoverIE; UBS likes Virgin Mon..
AN
11/23EasyJet, Halfords Look To Hire Older Workers Amid UK Workforce Decline
MT
More news
Analyst Recommendations on EASYJET PLC
More recommendations
Financials
Sales 2022 5 738 M 6 901 M 6 901 M
Net income 2022 -148 M -178 M -178 M
Net Debt 2022 835 M 1 004 M 1 004 M
P/E ratio 2022 -22,2x
Yield 2022 -
Capitalization 2 971 M 3 573 M 3 573 M
EV / Sales 2022 0,66x
EV / Sales 2023 0,50x
Nbr of Employees 13 000
Free-Float 84,0%
Chart EASYJET PLC
Duration : Period :
easyJet plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EASYJET PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 393,00 GBX
Average target price 481,86 GBX
Spread / Average Target 22,6%
EPS Revisions
Managers and Directors
Johan Peter Lundgren Chief Executive Officer & Director
Kenton Jarvis Chief Financial Officer & Director
Stephen Alan Michael Hester Chairman
Stuart Birrell Chief Data & Information Officer
David Morgan Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EASYJET PLC-29.32%3 700
SINGAPORE AIRLINES LIMITED10.02%25 732
DELTA AIR LINES, INC.-13.33%22 464
AIR CHINA LIMITED2.02%16 369
RYANAIR HOLDINGS PLC-14.43%15 431
CHINA SOUTHERN AIRLINES COMPANY LIMITED-10.49%15 320