EasyJet (LON: EZJ) share price appears to be range bound after having a massive pullback this month. Our analysis shows...
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 continued its downward track on Wednesday, lowing 3.58% as of writing as the market continues to...
EasyJet (LON: EZJ) share price opened higher on Monday, but the shares turned red once again as the selling pressure...
EasyJet share price popped to the highest level since September 22. It was trading at 348p, which was about 26%...
Throughout June, the news of numerous flight cancellations has impacted EasyJet’s share price. Today, the news cycle remains the same...
The EasyJet share price has been in a relatively tight range even as aviation stocks have rebounded. The EZJ stock...
The easyJet share price is up for the second day in a row, as airline stocks on the FTSE100 benefit...
The EasyJet share price is on a two-day losing streak in today’s trading session. The drop comes after the recent...
EasyJet share price has been in a strong bearish trend in the past few months even as the aviation industry...
This Tuesday, the easyJet share price is trading higher by 0.18% after the bulls reversed the stock’s earlier session losses....