The EasyJet share price continued its downward track on Wednesday, lowing 3.58% as of writing as the market continues 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 EasyJet share price tanked on Wednesday, marking the third day of losses as travel stocks continue to get sold...
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 is in its third day of decline, as the stock continues to face headwinds to its pandemic recovery. However, there are hopes that the company's stock may start to turn a corner as several key developments come to light.
The EasyJet share price is yet to recover after the company rejected a bid by rival Wizz Air two months...
An easing of the fears surrounding the Omicron variant of the coronavirus has lifted airline stocks, with the EasyJet share...
The EasyJet share price has pared some of its intraday losses and is pushing higher this Wednesday. However, it remains...
The EasyJet share price continues to trade lower as it remains pressurized by the travel restrictions put in place in...
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 started the new year on a solid footing, as the stock pushes into profit territory...