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EasyJet
(OTC:EZJ)
EasyJet (EZJ) vs. S&P 500 (SPY)
EasyJet Business Overview & Revenue Model
EasyJet Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 8.75B | 9.31B | 8.17B | 5.77B | 1.46B | 3.01B | Gross Profit |
| 2.08B | 1.56B | 1.38B | 801.00M | -663.00M | -267.00M | EBIT |
| 512.00M | 589.00M | 453.00M | 3.00M | -1.01B | -778.00M | EBITDA |
| 1.08B | 1.50B | 1.28B | 499.00M | -439.00M | -700.00M | Net Income Common Stockholders |
| 374.00M | 452.00M | 324.00M | -169.00M | -858.00M | -1.08B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.28B | 3.46B | 2.92B | 3.64B | 3.55B | 2.33B | Total Assets |
| 7.42B | 11.04B | 9.84B | 10.45B | 9.77B | 8.47B | Total Debt |
| 1.48B | 3.28B | 2.88B | 4.31B | 4.45B | 3.44B | Net Debt |
| 610.00M | 1.94B | -41.00M | 792.00M | 897.00M | 1.14B | Total Liabilities |
| 4.91B | 8.06B | 7.05B | 7.92B | 7.13B | 6.57B | Stockholders Equity |
| 2.52B | 2.97B | 2.79B | 2.53B | 2.64B | 1.90B |
| Cash Flow | Free Cash Flow | ||||
| 562.00M | 536.00M | 797.00M | 246.00M | -1.18B | -1.28B | Operating Cash Flow |
| 1.26B | 1.47B | 1.55B | 776.00M | -1.03B | -588.00M | Investing Cash Flow |
| -1.60B | -2.95B | -552.00M | -569.00M | 719.00M | 266.00M | Financing Cash Flow |
| -739.00M | 35.00M | -1.42B | -532.00M | 1.64B | 1.38B |
EasyJet Technical Analysis
EasyJet Peers Comparison
EasyJet Corporate Events
EasyJet announced that its senior management, including the Chief Executive, Chief Customer and Marketing Officer, and Chief Operating Officer, have reinvested dividends into purchasing additional company shares. This move, facilitated by Equiniti Financial Services Limited, underscores the leadership’s confidence in the company’s future prospects and aligns their interests with those of shareholders, potentially strengthening EasyJet’s market position.
EasyJet has announced the appointment of Panmure Liberum Limited as its Joint Corporate Broker, alongside BNP Paribas, effective immediately. This strategic move is likely to enhance EasyJet’s financial advisory capabilities and strengthen its market positioning, potentially benefiting stakeholders by improving investor relations and corporate communications.
EasyJet plc announced that its Share Incentive Plan Trustee, Equiniti Share Plan Trustees Limited, purchased ordinary shares on behalf of several key managerial figures within the company. These shares, acquired as Dividend Shares, were purchased following the reinvestment of the ordinary dividend for the year ended 30 September 2024. This move reflects the company’s ongoing commitment to aligning the interests of its management with those of its shareholders, potentially enhancing stakeholder confidence and reinforcing its market position.
EasyJet plc announced that its Share Incentive Plan, approved by HM Revenue and Customs, facilitated the purchase of ordinary shares for key managerial personnel. This move allows employees in the UK to buy shares using monthly salary deductions, reflecting EasyJet’s commitment to employee investment and engagement. The plan’s implementation may enhance employee loyalty and align interests with the company’s performance, potentially impacting shareholder value positively.
EasyJet plc has announced the publication of a new prospectus approved by the Financial Conduct Authority. This prospectus is related to the update of their Euro Medium Term Note Programme, which includes guarantees from easyJet Airline Company Limited. This strategic move is likely to enhance easyJet’s financial operations and flexibility, potentially strengthening its market position and offering more stability for its stakeholders.
EasyJet plc announced the successful passage of all resolutions during its Annual General Meeting, with both ordinary and special resolutions receiving the requisite majority votes. Significant board and committee changes were confirmed, including Moni Mannings OBE’s departure and the reshuffling of committee memberships, which may influence the company’s strategic direction and governance.
EasyJet plc announced that David Robbie, currently a Non-Executive Director at the airline, has been appointed to the Board of Directors of International Paper Company as a Non-Executive Director, effective February 11, 2025. This move reflects a strategic alignment in board expertise and indicates potential networking opportunities that could benefit EasyJet’s governance and operational strategies.
EasyJet has announced a recent transaction involving the purchase of ordinary shares by its management under the company’s Share Incentive Plan. Executives including the Chief Executive, Chief Customer and Marketing Officer, Chief Operating Officer, and CEO of EasyJet holidays participated in this plan, purchasing shares at a price of GBP £5.262 each. This move, facilitated by Equiniti Share Plan Trustees Limited, reflects EasyJet’s commitment to aligning management incentives with shareholder interests, potentially boosting confidence among stakeholders regarding the company’s future performance.
EasyJet plc announced that Julie Chakraverty, a Non-Executive Director, acquired 20,083 ordinary shares at a price of £4.9792 per share. This transaction highlights continued confidence in the company’s performance and strategic direction, potentially affecting stakeholder perspectives on EasyJet’s market positioning.
EasyJet has disclosed a significant change in its shareholder structure, with the Bank of America Corporation adjusting its financial instruments and voting rights in the company. This adjustment reflects a decrease in the total voting rights held by the Bank of America from 8.27% to 2.53%, potentially impacting EasyJet’s shareholder dynamics and market perception.
EasyJet plc has reported a change in major shareholdings as Bank of America Corporation adjusts its financial instruments and voting rights in the company. This notification reflects a slight decrease in the total percentage of voting rights held, which could affect the airline’s strategic decision-making and shareholder dynamics.
Bank of America Corporation has adjusted its holdings in EasyJet plc, reducing its voting rights from 9.654568% to 9.422062%. This change reflects a decrease in both direct and indirect voting rights, potentially impacting EasyJet’s shareholder composition and influencing future corporate decisions.
EasyJet has announced the granting of awards under its Restricted Share Plan to key executives, including CEO Kenton Jarvis and CFO Jan De Raeymaeker, which highlights the company’s ongoing commitment to aligning executive incentives with performance goals. These awards are structured as nil-cost options, emphasizing EasyJet’s strategic approach to retain top talent and drive long-term growth, which is relevant to stakeholders monitoring the company’s financial health and leadership stability.
EasyJet reported a significant improvement in its financial performance for the first quarter of the fiscal year 2025, with a 52% reduction in headline loss before tax. This improvement is attributed to increased passenger numbers, capacity growth, and cost control measures, including reduced fuel costs. The company anticipates continued positive trends, with expectations for substantial growth in EasyJet Holidays and increased forward bookings for the coming quarters. EasyJet’s strategic investments in capacity and sustainability initiatives, including agreements for sustainable aviation fuel, position it well for future growth and profitability, aiming for over £1 billion in profit before tax in the medium term.
EasyJet has disclosed a notification regarding a major holdings change by Bank of America Corporation, which now holds 9.881397% of voting rights in the company. This increase from 9.703073% indicates a significant shift in the financial instruments and voting rights structure, potentially impacting EasyJet’s shareholder dynamics and strategic decisions.
EasyJet has announced that its Share Incentive Plan, approved by HM Revenue and Customs, allows employees in the UK to purchase ordinary shares using salary deductions. The recent notification detailed that managerial staff, including the Chief Customer and Marketing Officer, Chief Executive, Chief Operating Officer, and CEO of EasyJet holidays, have acquired shares at a price of £5.08 each, indicating continued investment in the company’s growth and stability.
EasyJet has announced the details of its upcoming Annual General Meeting (AGM) scheduled for February 13, 2025, which will be held both in person and electronically. Shareholders are encouraged to vote in advance due to potential disenfranchisement related to European ownership regulations. The company is also undergoing significant board changes, with new appointments and committee reorganizations set to enhance its governance structure.
EasyJet announced a board restructuring with Moni Mannings stepping down from her role as Non-Executive Director and Chair of the Remuneration Committee, to be succeeded by Sue Clark post the upcoming AGM. Additionally, Julie Chakraverty will join the board, bringing extensive experience in financial services and technology, which is expected to enhance EasyJet’s strategic focus on long-term shareholder value.