EasyJet in first post-Covid divi after £455m profits
Evening Standard|November 28, 2023
EASYJET is back to paying a dividend to investors for the first time since Covid devastated international travel, but has admitted the Israel/Gaza conflict is hurting customer confidence.
EasyJet in first post-Covid divi after £455m profits

The no-frills airline made £455 million for the year to September, its first profit since the pandemic started in 2020. That still leaves it with much to do to hit a £1 billion profit target pencilled in for 2029. Sales rose 12 months to £8 billion.

That’s good news for Ryanair, Wizz Air and others. Forward bookings are also looking strong.

EasyJet shares jumped 10p to 415p today, Wizz Air slipped 47p to 1826p.

The divi of 4.5p a share — £34 million in all — should placate founder Stelios Haji-Ioannou who has long argued for less investment in planes and more shareholder returns.

The company says dividends should keep rising from here, pointing to higher costs per seat as travellers look to get abroad on holiday after several years more-or-less trapped at home.

Less than 5% of flights are grounded due to the Israel-Hamas war which are bound to hit results next time.

Bu hikaye Evening Standard dergisinin November 28, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Evening Standard dergisinin November 28, 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

EVENING STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Only £65k a month to live like Boy George
The London Standard

Only £65k a month to live like Boy George

The Karma Chameleon singer listed his house for £17m in 2022, turning down offers. Now, he's looking for a tenant

time-read
2 dak  |
September 26, 2024
Welcome to London, unicorn capital of Europe
The London Standard

Welcome to London, unicorn capital of Europe

We're flying far ahead of anywhere outside US for tech investment

time-read
3 dak  |
September 26, 2024
Arteta's Arsenal evolution The next phase
The London Standard

Arteta's Arsenal evolution The next phase

Malik Ouzia and Simon Collings assess how the Spaniard will try to bring down Man City after he signs up for another three years with the title in his sights

time-read
6 dak  |
September 26, 2024
Title fight catches fire after Gunners embrace dark side
The London Standard

Title fight catches fire after Gunners embrace dark side

Arsenal-City clashes take on a welcome edge of animosity

time-read
2 dak  |
September 26, 2024
Whack the hippy gong-boho's back
The London Standard

Whack the hippy gong-boho's back

It happened in Paris one grey February day. Sienna Miller was in an oversized, black leather jacket, lace-trimmed silk slip and clumpy great wedges.

time-read
4 dak  |
September 26, 2024
There's a Starlink waiting in the sky... 7,000 in fact.Can Elon Musk stop them crashing to Earth?
The London Standard

There's a Starlink waiting in the sky... 7,000 in fact.Can Elon Musk stop them crashing to Earth?

As he was preparing his fields for seeding this year, Barry Sawchuk came across a giant slab of space debris. It had come from a spacecraft belonging to Elon Musk’s company, SpaceX.

time-read
2 dak  |
September 26, 2024
'Politicians are only into power-mongering, corruption and cronyism'
The London Standard

'Politicians are only into power-mongering, corruption and cronyism'

We speak to alt revolutionary DEEPAK CHOPRA about biomarkers, his digital twin and his work to save humanity from disease

time-read
4 dak  |
September 26, 2024
I've been waiting for a production of Godotthis brilliant all my life
The London Standard

I've been waiting for a production of Godotthis brilliant all my life

Ben Whishaw and Lucian Msamati bring a potent, tragicomic chemistry to James Macdonald’s rich revival of Samuel Beckett’s challenging play.

time-read
2 dak  |
September 26, 2024
Trust me, the Ritz is London's bestrestaurant
The London Standard

Trust me, the Ritz is London's bestrestaurant

To whom we turn in moments of gloom and glory can be instructive, a filter of our truest friends. I've fallen out with the Ritz a couple of times, including once after a visit to the bar which didn’t warrant a review (“But you said it was lovely!” they said.

time-read
3 dak  |
September 26, 2024
'Healing is a dirty word'
The London Standard

'Healing is a dirty word'

After four traumatic years, FKA twigs is back with a new album -and a thrilling metamorphosis

time-read
5 dak  |
September 26, 2024