EasyJet share (LON: EZJ) price is gaining momentum after rising to its highest level since July 2023. There seems to...
EasyJet
EasyJet is a British low-cost airline group that operates in multiple countries, with its headquarters at Luton Airport in London. The airline was founded in March 1995 by Sir Stelios Haji-Ioannou. The airline operates flights on over 1,000 destinations in over 30 countries.
The budget airline operates via three airline brands, including EasyJet UK, EasyJet Europe and EasyJet Switzerland. The airline group operates over 300 aircraft from 29 bases in Europe, with its largest hub being Gatwick airport in the UK.
The airline group’s business model is driven by the ultimate goal of reducing the costs associated with airline travel. The airline achieves this by charging extra for hold baggage, priority boarding and food. This model was first pioneered by Southwest Airlines in the United States.
COVID-19 Impact
The budget airline group had to ground its entire fleet in March 2020 after the emergence of the COVID-19 pandemic disrupted global travel. The airline raised over £2.4 billion since the pandemic started in March to August 2020 to fund its operations. In addition, the airline received £600 million from the UK government’s Covid Corporate Financing Facility.
EasyJet then raised £400 million from share placements and was forced to reduce its flying schedule to about 20% of its total capacity. As a result, the company reported its first annual loss in 2020, since 1995.
Is EasyJet a Good Investment
Yes, EasyJet is one of the better airlines in operation today, given the significant demand for budget air travel across Europe. However, the airline industry still faces multiple hurdles in the form of emerging coronavirus strains, such as the Omicron variant. The new variants pose a significant threat to the airline industry.
EasyJet latest news
The outlook on the airline stocks in general and the easyJet share price in particular is looking very bullish. The...
Even after a record summer, easyJet share price remains on a downward trajectory. The stock of the low cost carrier...
On Tuesday, easyJet share price broke below the 428p support level as bearish sentiment surrounded UK stocks. However, after retesting...
easyJet (LON: EZJ) share price seems to be gaining strength after it closed under the 428p support level on Tuesday....
easyJet (LON: EZJ) share price has broken above the key resistance level of 428p. The shares of the low-cost carrier...
easyJet (LON: EZJ) share price broke below the 428p key support level on Thursday. The shares of the low-cost carrier...
easyJet (LON: EZJ) share price seems to be in control of the bears as the price has broken below the...
easyJet (LON: EZJ) share price has been consolidating after a colossal 10% plunge at the end of July. The share...
EasyJet (LON: EZJ) share price is on its way to meet my price target of 428p. The ongoing downward push...