EasyJet (LON: EZJ) share price has bounced off the 457p support, which was mentioned in our last week’s forecast. Airlines...
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
EasyJet (LON: AV) share price is once again in a downtrend after failing to break above a key resistance level...
EasyJet (LON: EZJ) share price is tanking after a solid start in 2023. On Friday, the shares of EasyJet airlines...
The Easyjet share has dipped from the May reopening euphoria as the reality of the post-covid travel industry became more...
The EasyJet share price has made a strong comeback in the past few days. The EZJ stock rose by more...
The EasyJet share price has bounced back in the past few days. The EZJ stock has risen to 720p, which...
EasyJet’s share price has come under intense pressure in the past few months, even as international and regional travel demand...
The EasyJet share price is moving sideways as investors reflect on the ongoing flight cancellations in the UK. The stock...
EasyJet share price has crawled back in the past few weeks, even after the company reported a big loss for...
EasyJet (LON: EZJ) share price is on its way to meet my price target of 428p. The ongoing downward push...