easyJet (EZJ)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

570.80p
   
  • Change Today:
      13.20p
  • 52 Week High: 575.20p
  • 52 Week Low: 359.90p
  • Currency: UK Pounds
  • Shares Issued: 758.01m
  • Volume: 4,363,646
  • Market Cap: £4,326.72m
  • RiskGrade: 314

Lufthansa shares soar as board approves €9bn state bailout

By Frank Prenesti

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Shares in German flag carrier Lufthansa soared on Tuesday after the airline's supervisory board backed a €9bn state bailout.
The deal has to be approved by shareholders at an extraordinary meeting on June 25. Deutsche Lufthansa shares were up 7% on the news at €9.84.

There was a delay in approving the package last week after board members opposed a demand from the European Union that the airline dispose of 72 airport slots unconditionally.

However, the EU backed down and the preliminary agreement will see Lufthansa transfer 24 take-off and landing slots at Frankfurt and Munich airports to other airlines.

The slots will only be available to Europe-based carriers which do not operate any Frankfurt or Munich routes, and have not benefited from substantial state aid within the first 18 months of the agreement.

This would rule out budget carrier Ryanair, which operates services to Frankfurt and rival Easyjet, which flies to Munich and has received a loan from the UK government.

The German government will take a 20% share in the Lufthansa in return for €9bn in equity and loans, which can increase to 25% plus one share if the company is subject to a hostile takeover bid.

Two independent representatives will also be appointed by Berlin to the supervisory board.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

easyJet Market Data

Currency UK Pounds
Share Price 570.80p
Change Today 13.20p
% Change 2.37 %
52 Week High 575.20p
52 Week Low 359.90p
Volume 4,363,646
Shares Issued 758.01m
Market Cap £4,326.72m
RiskGrade 314

easyJet Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.99% above the market average17.99% above the market average17.99% above the market average17.99% above the market average17.99% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
81.26% above the market average81.26% above the market average81.26% above the market average81.26% above the market average81.26% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income
42.75% below the market average42.75% below the market average42.75% below the market average42.75% below the market average42.75% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average
Growth
53.22% above the market average53.22% above the market average53.22% above the market average53.22% above the market average53.22% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

What The Brokers Say

Strong Buy 6
Buy 9
Neutral 3
Sell 1
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

easyJet Dividends

  Latest Previous
  Final Final
Ex-Div 22-Feb-24 27-Feb-20
Paid 22-Mar-24 20-Mar-20
Amount 4.50p 43.90p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,821,337 @ 570.80p
16:35 10,350 @ 570.80p
16:35 14,721 @ 570.80p
16:35 38,676 @ 570.80p
16:35 1,827 @ 570.80p

easyJet Key Personnel

CEO Johan Lundgren

Top of Page