If you are wondering why the EasyJet share price is unmoved this Monday, it is because the UK stock markets...
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 is up by a percentage point in today’s trading session. The price gain is a reversal of what has...
EasyJet share price has crawled back in the past few weeks, even after the company reported a big loss for...
The EasyJet share price is marginally higher this Monday but is trading on very-low volumes as the bulls struggle to...
EasyJet’s share price has continued to show its strong bullish move a week after it released its quarterly results. Today,...
EasyJet’s share price has come under intense pressure in the past few months, even as international and regional travel demand...
Today is the fourth consecutive trading session the EasyJet share price is bullish in the markets. Already up by a...
The EasyJet share price is on a two-day losing streak in today’s trading session. The drop comes after the recent...
EasyJet’s share price has started the week in a strong bearish move, currently losing 5 per cent of its value....
Throughout June, the news of numerous flight cancellations has impacted EasyJet’s share price. Today, the news cycle remains the same...