EasyJet (LON: EZJ) share price has been showing strength since the start of the month. The shares of the British...
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’s share price continues to struggle in the market as the company struggles to keep their airline running to the...
EasyJet’s share price has continued to show its strong bullish move a week after it released its quarterly results. Today,...
EasyJet (LON: EZJ) share price is on its way to meet my price target of 428p. The ongoing downward push...
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EasyJet share price popped to the highest level since September 22. It was trading at 348p, which was about 26%...
The EasyJet share price declined by more than 2.6% even after a positive report by the company. The stock crashed...
The outlook on the airline stocks in general and the easyJet share price in particular is looking very bullish. The...
The EasyJet share price has made a strong comeback in the past few days. The EZJ stock rose by more...