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

EASYJET PLC

(EZJ)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/19 11:38:53 am
845.2 GBX   +3.58%
03:59aU.S. Stock Futures Rise Ahead of Yellen's Testimony
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01/18EASYJET : Summer 2021 Holiday Bookings Skyrocket 250%, CEO Says
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Gatwick Airport sees travel boost from new testing rules

11/27/2020 | 10:50am EST
Founder of Express test Nick Markham has a swab taken at a new COVID-19 testing facility at Gatwick airport, amid the coronavirus disease (COVID-19) outbreak, in Crawley

GATWICK AIRPORT, England (Reuters) - The boss of Britain's Gatwick Airport said the introduction of shorter quarantine times from mid-December was boosting travel, and that the combination of testing and a COVID-19 vaccine means he is optimistic holidays can restart next year.

Gatwick, Britain's second busiest airport, is opening a new COVID-19 testing facility on Monday, offering passengers discounted tests. CEO Stewart Wingate hopes by making it easier and cheaper to get a test, more people will travel.

From mid-December, travellers arriving in England will have to quarantine for five days instead of 14 if they have a negative test, a rule change which Wingate said is helping.

"We are seeing already an uptick in flights, so we should expect to see about 100 flights per day by the time we get to the middle of December, and across the Christmas period," he told Reuters in an interview.

The pandemic has battered the aviation industry, leaving Gatwick particularly exposed as airlines such as British Airways and Virgin Atlantic have prioritised flights from Heathrow, Britain's no.1 airport to the west of London.

During England's latest lockdown in November, Gatwick, easyJet's biggest base, had about four flights a day, a startling drop from 600 flights a day this time last year. Some of Gatwick's airlines, such as Norwegian, are fighting for survival.

Wingate, who has had to axe 45% of Gatwick's staff during the pandemic, forecast a travel recovery next summer, when he expected the airport's airlines to be flying between 60% and 70% of their 2019 capacity.

"I expect once the vaccinations roll out and the testing is rolled out, we should expect to see quite a strong performance in the market next summer," he said.

The testing site in a long-stay car park at Gatwick will initially be able to test up to 500 people per day, but this could be ramped up to 2,000 a day, and then 4,000 a day given sufficient demand, according to testing company ExpressTest.

Wingate said demand for tests at the site was "strong" and he hoped ExpressTest would roll out more sites. They will cost Gatwick passengers 60 pounds ($80), and anyone else 100 pounds.

Wingate said Gatwick, 30 miles south of London, also remained attractive to airlines. Hungarian airline Wizz Air has publicly said it wants to expand at Gatwick, and Wingate said others did too.

"Ryanair are quite keen to grow as well at the airport," he said.

($1 = 0.7500 pounds)

(Reporting by Sarah Young; Editing by Kate Holton and Jan Harvey)

By Sarah Young


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 3.58% 845.2 Delayed Quote.1.83%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -0.78% 159.65 Delayed Quote.-0.09%
RYANAIR HOLDINGS PLC 1.80% 15.575 Real-time Quote.-5.88%
WIZZ AIR HOLDINGS PLC 3.34% 4450 Delayed Quote.-2.50%
All news about EASYJET PLC
03:59aU.S. Stock Futures Rise Ahead of Yellen's Testimony
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01/18EASYJET : Summer 2021 Holiday Bookings Skyrocket 250%, CEO Says
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01/15EASYJET : Britain tightens borders to keep out new COVID-19 variants
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01/15EASYJET : Holidays Suspends All Trips Through Late March Amid Lockdown
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01/14London stocks rise on earnings boost, virus worries cap gains
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01/13EASYJET : cabin crew to help with UK vaccination programme
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More news
Financials
Sales 2021 3 213 M 4 382 M 4 382 M
Net income 2021 -397 M -542 M -542 M
Net Debt 2021 1 447 M 1 973 M 1 973 M
P/E ratio 2021 -10,4x
Yield 2021 -
Capitalization 3 843 M 5 232 M 5 240 M
EV / Sales 2021 1,65x
EV / Sales 2022 0,89x
Nbr of Employees 14 000
Free-Float 70,7%
Chart EASYJET PLC
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easyJet plc Technical Analysis Chart | MarketScreener
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Technical analysis trends EASYJET PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 903,59 GBX
Last Close Price 845,20 GBX
Spread / Highest target 42,0%
Spread / Average Target 6,91%
Spread / Lowest Target -43,2%
EPS Revisions
Managers and Directors
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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