As for the Monday of July 19th, easyJet’s shares are trading at 780.8 GBP. This is a 5.27% and a 43.4 GBP loss since the previous close at 842.2 GBP. The market opened at 807.8 GBP and keeps fluctuating with losses. The company is risky to invest in with high volatility of 2.5. The firm might be experiencing severe profit losses as its EPS rate is-298.4.In the prior 6 months, easyJet lost 701 million pounds and it could lose even more. The number of passengers drops by 90% as well as revenues. The shares are not in a good shape with the most drop of over 5%. In order to raise funds, the airline has reduced the size of its fleet and sold/leased back about 43 of its planes since the outbreak began.
The company only flew 15% of its pre-pandemic schedule in June and it will take some time to bring them back to pre-pandemic levels. However, with infection rates growing in some areas in the UK and as vaccination numbers in other countries are unknown, the company’s expected recovery may be significantly overstated.
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