What Can Other European Airlines Learn From easyJet PLC?
- EasyJet has increased the proportion of net profit it pays out as dividends to 40% from 33%.
- It is undervalued, compared to rival low-cost airline Ryanair, on a PE basis.
- EasyJet is beginning to mature as an airliner and has found a sustainable business formula.
- EasyJet has a net cash position of £422M ($622M), compared to Ryanair's net debt position of €364M ($447m).
May. 23, 2011, 5:16 AMAirline stocks are falling in Europe as Iceland's recent volcanic eruption threatens to send an ash cloud into U.K. airspace by tomorrow. At present, the only airspace closures expected are in Iceland. In European trading, Easyjet -4.9%, Ryanair -5.3%, Air France -3.3%, Deutsche Lufthansa -3.7%. (previously) | Comment!
EJTTF vs. ETF Alternatives
The principal activity of the company and its subsidiaries is the provision of a low cost airline service with care and convenience on short-haul and medium-haul point to point routes principally throughout Europe utilizing Europe's No. 1 air transport network.
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