Streetbeat News

ESYJY

Easyjet plc

http://corporate.easyjet.com/

CEO

Johan Lundgren

Industry

Scheduled Passenger Air Transportation

Open

7.50

Mkt cap

5.5B

Volume

300

High

7.50

P/E Ratio

9.62

52-wk high

7.50

Low

7.31

Div yield

0.01

52-wk low

5.22

Ryanair Holdings Plc is facing potential disruptions to its summer schedule due to Boeing Co's delivery delays of the 737 Max 10 models, with an expected reduction from 57 to around 50 aircraft by the end of June. This situation may lead to minor schedule cuts and a decrease in passenger forecast from 205 million to 200 million for the financial year starting in April. CEO Michael O'Leary expressed frustration and is discussing compensation with Boeing, also hinting at possible ticket price increases.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 6:20 pm

Airbus SE (EADSY) has delivered its first A321neo from its new A320 Family Final Assembly Line in Toulouse to Pegasus Airlines. The new facility is part of Airbus' efforts to modernize and increase production to meet the high demand for the A321neo, which represents a significant portion of its order backlog. Pegasus Airlines, which operates a fleet of 93 Airbus aircraft, has 68 more A321neos on order. Additionally, easyJet Plc (ESYJY) confirmed an order for 157 A320neo Family aircraft, with options for 100 more, and plans to convert 35 A320neo on order to A321neo. EADSY shares closed up 0.49% at $38.69.

Portfolio Pulse from Nabaparna Bhattacharya

December 28, 2023 | 1:12 pm

easyJet Plc has confirmed an order for 157 additional A320neo Family aircraft from Airbus SE, with options for 100 more. The order includes 56 A320neo and 101 A321neo models, with deliveries scheduled between FY29 and FY34. This move aims to grow capacity, improve cost and sustainability, and replace older A320ceo aircraft. The new aircraft offer 13% to 30% better fuel efficiency and half the noise footprint. easyJet's stock (ESYJY) closed higher by 0.80% at $6.27.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 2:26 pm

Christopher T. Calio has been appointed as the next CEO of RTX Corporation (NYSE:RTX), effective May 2, 2024, succeeding Gregory J. Hayes. Calio, currently President and COO, will also join the board of directors on December 14, 2023. Hayes will continue as executive chairman. RTX has recently collaborated with EasyJet (OTC:ESYJY) and Airbus SE (OTC:EADSY), and formed a joint venture with Rafael Advanced Defense Systems for missile production. RTX shares saw a slight increase in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 15, 2023 | 11:50 am

Collins Aerospace, a division of RTX Corp, has partnered with easyJet to implement GlobalConnectSM connected aircraft services on over 330 Airbus aircraft. This initiative aims to enhance safety, pilot training, and operational efficiency, potentially reducing carbon emissions by 500 tonnes annually. RTX also recently formed a joint venture with Rafael Advanced Defense Systems for a new facility in Arkansas. RTX's stock showed a slight premarket decline.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 10:34 am

Several global airlines, including United Airlines Holdings, Inc. (UAL), Delta Air Lines, Inc. (DAL), American Airlines Group, Inc. (AAL), Air France-KLM (AFLYY), Finnair Oyj (FNNNF), EasyJet Plc (ESYJY), Hainan Airlines, Cathay Pacific Airways Ltd (CPCAF), and Korean Air Lines Co Ltd, have suspended their flights to Tel Aviv due to the recent Hamas militant assault on Israel. The airlines have cited security concerns and will resume their services once the conditions are safer.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 10:02 am

Ryanair reported a near-record annual profit of €1.4 billion, bouncing back from a €355m loss the previous year. The company has spent $40 billion on 300 new aircraft from Boeing and aims to transport 300 million passengers annually by 2034. Despite inflation, European consumers are prioritizing travel.

Portfolio Pulse from Upwallstreet

May 22, 2023 | 2:20 pm

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