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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  EasyJet    EZJ   GB00B7KR2P84

EASYJET (EZJ)
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Delayed Quote. Delayed  - 10/17 05:35:00 pm
1316 GBp   +2.17%
10/17 EASYJET SEES NO : Ceo
10/17 INTERNATIONAL C : moke smell' affects flights
10/17 DEUTSCHE LUFTHA : Lufthansa and Easyjet check-in interest for parts ..
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EasyJet sees no need to enter long-haul given M&A options in Europe: CEO

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10/17/2017 | 04:02pm CEST

British budget airline easyJet (>> EasyJet) won't enter the rapidly growing low-cost, long-haul market given its abundance of options to buy parts of failed European airlines, CEO Carolyn McCall said on Tuesday.

British budget airline easyJet (>> EasyJet) won't enter the rapidly growing low-cost, long-haul market given its abundance of options to buy parts of failed European airlines, CEO Carolyn McCall said on Tuesday.

In the last week, easyJet has confirmed its interest in parts of Air Berlin (>> Air Berlin Plc) and Alitalia <CAITLA.UL>, which went into administration earlier this year, and McCall said easyJet was also interested in airport slots of failed airline Monarch [MONA.UL] after it went bust at the start of October.

EasyJet has also agreed a long haul connection service with Norwegian Air Shuttle (>> Norwegian Air Shuttle).

But asked if easyJet had any interest in getting involved in long haul directly, McCall said no.

"From a board perspective, that's not on the agenda. There's so much organic growth. If you look at the consolidation, Monarch, Alitalia, Air Berlin, we are talking to all of them," she said on the sidelines of an Airlines for Europe meeting in Brussels.

She said negotiations over Air Berlin were ongoing, without elaborating, after easyJet on Friday said it was interested in operating 25 of the German airline's planes at Berlin's Tegel airport.

"Talks are still very much alive, is all I'm prepared to say," McCall said.

McCall will leave easyJet in January to join broadcaster ITV (>> ITV), in a move announced earlier this year after a seven year stint in charge. The budget airline has not announced a replacement.

The collapse of Monarch boosted the share prices of airlines such as easyJet and Ryanair (>> Ryanair Holdings plc) on the prospect of an easing in the intense competition in the sector which has kept a lid on prices.

Flight cancellations by Ryanair after a pilot rostering fiasco have also reduced the supply of flights to customers, and McCall said she was already seeing signs of an improvement in pricing as a result of a reduction in capacity across the industry.

"Consolidation in market has been expected and predicted ... any capacity out of market will help existing players," she said. "Fares will improve as a result."

(Reporting by Victoria Bryan; Writing by Alistair Smout; Editing by Mark Potter)

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Latest news on EASYJET
10/17 EASYJET SEES NO NEED TO ENTER LONG-H : Ceo
10/17 INTERNATIONAL CONSOLIDATED AIRLINES : moke smell' affects flights
10/17 DEUTSCHE LUFTHANSA : Lufthansa and Easyjet check-in interest for parts of Italia..
10/17 Lufthansa, easyJet among seven bidders for ailing Alitalia
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10/17 EASYJET : submits expression of interest for parts of Alitalia
10/16 EASYJET : presents offer for some Alitalia assets (3)
10/16 EASYJET : presents offer for some Alitalia assets (2)
10/16 EASYJET : presents offer for some Alitalia assets (4)
10/16 EASYJET : ++ EasyJet presents offer for some Alitalia assets ++
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Financials ( GBP)
Sales 2017 5 002 M
EBIT 2017 419 M
Net income 2017 320 M
Finance 2017 27,5 M
Yield 2017 3,16%
P/E ratio 2017 15,61
P/E ratio 2018 13,20
EV / Sales 2017 1,02x
EV / Sales 2018 1,05x
Capitalization 5 116 M
Chart EASYJET
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EasyJet Technical Analysis Chart | EZJ | GB00B7KR2P84 | 4-Traders
Technical analysis trends EASYJET
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 12,9  GBP
Spread / Average Target -0,04%
EPS Revisions
Managers
NameTitle
Carolyn J. McCall Chief Executive Officer & Executive Director
Margaret Christine Browne Chief Operating Officer
Andrew Findlay Chief Financial Officer & Executive Director
Chris Brocklesby Chief Information Officer
Charles Mark Gurassa Non-Executive Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
EASYJET30.35%6 780
DELTA AIR LINES, INC.9.70%39 467
RYANAIR HOLDINGS PLC14.70%23 111
UNITED CONTINENTAL HOLDINGS INC-7.29%20 368
AIR CHINA LTD.21.11%17 213
INTERNATIONAL CONSOLIDATED AIRLINES GROUP40.96%16 869