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

EASYJET PLC

(EZJ)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 12/04 10:15:47 am
930.4 GBX   +1.44%
03:43aEASYJET : From Neutral to Buy by Deutsche Bank
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12/03Ryanair buys 75 Boeing MAX jets in largest order since grounding
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UK's new travel testing plan will boost flying, minister says

10/14/2020 | 09:51am EST
FILE PHOTO: Cabinet meeting in London

LONDON (Reuters) - Britain's transport minister said on Wednesday that his coronavirus testing plans would get more people flying in the months ahead, sounding an optimistic note at a time when travel companies are struggling to survive.

A 14-day quarantine for arrivals from most countries could be replaced by an as-yet unspecified shorter isolation period followed by a negative test result under plans that Transport Minister Grant Shapps set out last week.

"I believe the measures I've outlined will result in significantly more people flying in the months ahead," Shapps told a virtual ABTA travel industry association event.

Airlines have cut back their already anaemic flying schedules for autumn due to mounting travel restrictions in Europe.

Shapps said the government was working hard to get the new arrivals regime in place and much of the work had already been done, with another approach also being considered for pre-departure testing. Final details due in early November.

British Airways said in a statement it backed pre-flight testing, "where travellers arriving in the UK all have a negative test up to 72 hours before flying".

But the International Air Transport Association has said the plan does not go far enough, because 80% of travellers will not fly it there is any quarantine in place.Virgin Atlantic chief executive Shai Weiss told the event that a travel testing regime was urgently needed.

After a 1.2 billion pound rescue and nearly 5,000 job cuts, Virgin is prepared for a severe downturn which continues into next year, but he warned that beyond that there would be airline failures.

"At some point if borders do not open up ... there's only a certain amount of time that you can survive," Weiss said.

ABTA, representing 4,300 UK travel brands, urged the government to provide more support. Shapps said his focus was on enabling travel through "test and release".

He said a recovery plan for the aviation industry would be set out later this autumn.

(Reporting by Sarah Young; editing by Kevin Liffey/Jane Merriman and Emelia Sithole-Matarise)

By Sarah Young


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 1.77% 931.3 Delayed Quote.-35.61%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 2.70% 174.471 Delayed Quote.-60.25%
JET2 PLC 2.50% 1460 Delayed Quote.-15.64%
RYANAIR HOLDINGS PLC 4.81% 16.985 Delayed Quote.10.90%
TUI AG 2.98% 5.182 Delayed Quote.-55.79%
All news about EASYJET PLC
03:43aEASYJET : From Neutral to Buy by Deutsche Bank
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12/03Ryanair buys 75 Boeing MAX jets in largest order since grounding
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12/03Ryanair buys 75 Boeing MAX jets in largest order since grounding
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12/01EASYJET : Buy rating from UBS
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11/30EASYJET : Goldman Sachs Upgrades to Neutral
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11/30EASYJET : offers passengers cheaper COVID-19 tests to encourage travel
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11/27Gatwick Airport sees travel boost from new testing rules
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11/27UK's Gatwick Airport sees travel boost from new testing rules
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11/27EASYJET : JP Morgan remains Neutral
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Financials
Sales 2021 3 341 M 4 501 M 4 501 M
Net income 2021 -405 M -545 M -545 M
Net Debt 2021 1 269 M 1 710 M 1 710 M
P/E ratio 2021 -10,6x
Yield 2021 -
Capitalization 4 170 M 5 625 M 5 619 M
EV / Sales 2021 1,63x
EV / Sales 2022 0,93x
Nbr of Employees 14 000
Free-Float 70,6%
Chart EASYJET PLC
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Technical analysis trends EASYJET PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 891,05 GBX
Last Close Price 917,20 GBX
Spread / Highest target 41,7%
Spread / Average Target -2,85%
Spread / Lowest Target -47,7%
EPS Revisions
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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