EasyJet share price recovery gained steam on Friday as investors focused on the upcoming trading statement. The stock was trading...
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
For the fourth consecutive trading session now, (LON: EZJ) EasyJet’s share price is down, with intraday trading pointing to a...
EasyJet share price has rallied in the past six straight days as UK and airline stocks rebound. The shares spiked...
EasyJet share price popped to the highest level since September 22. It was trading at 348p, which was about 26%...
EasyJet share price has been in a strong bearish trend in the past few months even as the aviation industry...
After hitting a 10-year price low last week, EasyJet’s share price looks to be recovering in the markets, with today’s...
EasyJet’s share price is down by less than a percentage point in today’s trading session compared to Friday’s closing price....
EasyJet share price has collapsed in the past few years. The stock collapsed by more than 73% in the past...
The EasyJet share price may not have traded on Monday due to Queen Elizabeth II’s funeral, but it looks to...
In today’s trading session, EasyJet’s share price opened the markets trading at its lowest price in the past 10 years....