easyJet (LON: EZJ) share price seems to be gaining strength after it closed under the 428p support level on Tuesday....
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 EasyJet share price has started the new year on a solid footing, as the stock pushes into profit territory...
The easyJet share price is slightly higher this Monday, as the stock continues its gradual climb towards the 548p price...
The easyJet share price is off to a flying start this Monday as the company announced it was adding a...
The EasyJet share price is on a two-day losing streak in today’s trading session. The drop comes after the recent...
EasyJet is down by 1.78 per cent in today’s trading session. Today also extends the last six trading sessions where...
The IAG and EasyJet share prices jumped on Monday as signs of aviation reopening emerged. IAG shares rose by more...
EasyJet’s share price continues to struggle in the market as the company struggles to keep their airline running to the...
The EasyJet share price has been in a relatively tight range even as aviation stocks have rebounded. The EZJ stock...
In today’s trading session, EasyJet’s share price opened the markets trading at its lowest price in the past 10 years....