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LON100:EZJ, Mar 19, 08:51 UTC

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EasyJet withdraws from potential Alitalia consortium rescue

EZJ

British no-frills airline easyJet said Monday it had withdrawn from a possible partnership with Italy's Ferrovie dello Stato (FS) and Delta Air Lines to rescue troubled national carrier Alitalia. Britain's biggest low-cost airline added it "remains committed" to Italy, where it currently carries 18.5 million passengers every year and employs 1,400 pilots and crew. FS announced last month that it was in discussions with easyJet and American carrier Delta about a potential rescue deal. EasyJet was said to be mulling with Atlanta-based Delta whether to jointly buy up to 40 percent of the Italian carrier.German airline Lufthansa had also previously expressed an interest in Alitalia, but in October ruled out any deal that involved the Italian state.

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EasyJet Drops Out of Alitalia Bidding in Setback to Government

EZJ

EasyJet Drops Out of Alitalia Bidding in Setback to Government. (Bloomberg) -- Delta Air Lines Inc. will continue to pursue a takeover of Alitalia SpA’s operations after a potential partner dropped out, leaving the Italian government with only one industry suitor willing to take the money-losing flag carrier off its hands. Italy’s coalition government, heading into a European Parliamentary election campaign, are seeking to demonstrate they can find a buyer for Alitalia without resorting to the thousands of job cuts that many potential industry suitors would require. Together, Delta and EasyJet would have invested as much as 400 million euros in a “new Alitalia” after the Italian airline’s second bankruptcy process in a decade, people familiar with the matter have said, and received a stake of up to 40 percent.

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Alitalia faces uncertain future as easyJet quits talks

EZJ

LONDON, March 18 (Reuters) - British budget airline easyJet on Monday pulled out of talks over the future of Alitalia's operations, plunging the Italian carrier further into uncertainty two weeks ahead of a deadline to save it. EasyJet said it had decided to withdraw from the process after discussions with Italy's state-controlled railway Ferrovie dello Stato Italiane and U.S. airline Delta Air Lines. Alitalia was put under special administration in 2017 after workers rejected the latest in a long line of rescue plans, leaving the government once again seeking a buyer to save the airline. Ferrovie is racing against the clock to meet deadline of the end of the month set by the Italian government to present a rescue plan for Alitalia, and had been in talks with easyJet and Delta over a possible deal. But the parties had not seen see eye to eye on the structure of a deal.

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EasyJet pulls out of FS-Delta Alitalia - English - ANSA.it

EZJ

AnsaBusiness. EasyJet pulls out of FS-Delta Alitalia. Delta reaffirms commitment but no figures discussed. Redazione ANSARome. 18 March 201915:23News. LATEST NEWS. Company. ANSA certification for the production, distribution and publication of news in multimedia format.

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Easyjet pulls out of consortium exploring options for Alitalia

EZJ

Easyjet pulls out of consortium exploring options for Alitalia. ReutersMarch 18, 2019, 2:24 PM GMT. March 18 (Reuters) - Easyjet Plc said on Monday it withdrew from a consortium that is exploring options for the future Alitalia's operations. Easyjet said it made the decision after discussions with Italy's state-controlled railway Ferrovie dello Stato Italiane and Delta Air Lines. Alitalia was put under special administration in 2017 after workers rejected the latest in a long line of rescue plans, leaving the government once again seeking a buyer to save the airline. (Reporting by Sangameswaran S in Bengaluru Editing by Saumyadeb Chakrabarty). What to read next.

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EasyJet pulls out of Alitalia talks

EZJ

EasyJet has withdrawn from talks with Italian state-owned rail operator Ferrovie and Delta Air Lines about making a rescue bid for loss-making Alitalia.The three were planning to form a partnership to run Alitalia, which went into special administration two years ago.In a statement on Monday afternoon, easyJet said it was withdrawing from the process.It added: "EasyJet remains committed to Italy, as a key market for the company, where it currently carries 18.5 million passengers every year and employs 1400 pilots and crew, all on local contracts. "We continue to invest in the three bases in Milan, Naples, Venice, as we have done by basing additional aircraft in Venice and Naples last summer." NOTE: Comments are subject to admin approval before being posted. Gibraltar row means Britons might need £52 visa to travel to EU.

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Social Chatter

easyJet PLC (LON100:EZJ) social chatter is higher than usual

EZJ
Delighted to be hosting the first Women in Hospitality, Travel & Leisure Advisory Board meeting @PwC_UK today. Find out how the industry is progressing: https://t.co/sedN5fomWw @angelamalik @compassgroupuk @IHGCorporate @ODEONCinemas @TheGymGroup @premierinn @easyJet @brookesOSHM
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Investor Update: USG Corporation (NYSE:USG), easyJet plc (LSE:EZJ): An in Depth Look

EZJ

The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 48. The SMA 50/200 for USG Corporation (NYSE:USG) is currently 1.00335. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average – indicating a positive share price momentum. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop. Investors may find it really hard to sell an underperforming stock when they still believe that it will turn around and move to profit.

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Sunday, March 17


Social Chatter

easyJet PLC (LON100:EZJ) social chatter is higher than usual

EZJ
Best low-cost airlines, 2018. 1. AirAsia 2. Norwegian 3. EasyJet 4. Jetstar Airways 5. AirAsia X 6. WestJet 7. IndiGo 8. Southwest Airlines 9. Eurowings 10. Scoot (Skytrax)

Thursday, March 14


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easyJet (EJTTF) & Its Rivals Financial Survey – Fairfield Current

EZJ

We will compare easyJet to similar businesses based on the strength of its earnings, risk, institutional ownership, profitability, dividends, analyst recommendations and valuation. Comparatively, easyJet’s rivals have a beta of 1.25, indicating that their average share price is 25% more volatile than the S&P 500. Insider & Institutional Ownership. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term. This is a breakdown of recent ratings for easyJet and its rivals, as reported by MarketBeat.

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