Menzies(John) (MNZS)

Sector:

Support

Index:

FTSE Small Cap

135.00p
   
  • Change Today:
      6.60p
  • 52 Week High: 480.00
  • 52 Week Low: 74.00
  • Currency: UK Pounds
  • Shares Issued: 84.31m
  • Volume: 669,069
  • Market Cap: £113.82m
  • RiskGrade: 510

Air passenger traffic falls at steepest rate since 9/11 in February

By Abigail Townsend

Date: Thursday 02 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.

The Geneva-based International Air Transport Association said demand, measured in total revenue passenger kilometres (RPK), fell 14.9% year-on-year in February.

The fall was primarily caused by a collapse in domestic travel in China and slowing international demand to and from the wider Asia Pacific region following the coronavirus outbreak in the Chinese city of Wuhan.

In the Asia Pacific region, February's RPK slumped 41.3%, and by 22.2% in North America.

There was modest growth in Europe, Latin America and the Middle East, ahead 0.7%, 3.1% and 1.7% respectively. But that is expected to be reversed as the pandemic, and government measures to contain it, spreads.

The overall global slide in February was the steepest seen since 2001, IATA said.

Capacity, measured in available seat kilometres, fell 8.7% while the load factor came down 4.8 percentage points to 75.9%.

Alexandre de Juniac, IATA director general, said coronavirus was the "biggest crisis the industry has ever faced".

He continued: "Airlines were hit by a sledgehammer called Covid-19 in February. Borders were closed in an effort to stop the spread of the virus. And the impact on aviation has left airlines with little to do except cut costs and take emergency measures in an attempt to survive these extraordinary circumstances."

Increasingly stringent lockdown measures worldwide have curtailed travel, closed borders, shut airports and grounded airlines.

Earlier on Thursday, reports emerged that IAG-owned British Airways was preparing to furlough 36,000 staff in response the pandemic. EasyJet has grounded its entire fleet for at least two months, while Virgin Atlantic is in talks with the British government about a possible state bail out.

In the US, American Airlines plans to cut 75% of its international flights until early May, while Delta has reduced both domestic and international capacity.

"This is aviation's darkest hour and it is difficult to see a sunrise ahead unless governments do more to support the industry through this unprecedented global crisis," de Juniac said.

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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.

 

Menzies(John) Market Data

Currency UK Pounds
Share Price 135.00p
Change Today 6.60p
% Change 5.14 %
52 Week High 480.00
52 Week Low 74.00
Volume 669,069
Shares Issued 84.31m
Market Cap £113.82m
RiskGrade 510

Menzies(John) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.71% above the market average90.71% above the market average90.71% above the market average90.71% above the market average90.71% above the market average
92.52% above the sector average92.52% above the sector average92.52% above the sector average92.52% above the sector average92.52% above the sector average
Price Trend
94.98% below the market average94.98% below the market average94.98% below the market average94.98% below the market average94.98% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average
Income
58.62% above the market average58.62% above the market average58.62% above the market average58.62% above the market average58.62% above the market average
40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average
Growth
70.87% below the market average70.87% below the market average70.87% below the market average70.87% below the market average70.87% below the market average
78.85% below the sector average78.85% below the sector average78.85% below the sector average78.85% below the sector average78.85% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Menzies(John) Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Oct-19 23-May-19
Paid 15-Nov-19 01-Jul-19
Amount 6.00p 14.50p

Trades for 03-Jul-2020

Time Volume / Share Price
11:10 150 @ 135.00p
11:10 813 @ 135.00p
11:09 300 @ 135.00p
11:09 65 @ 133.20p
11:09 281 @ 133.80p

Menzies(John) Key Personnel

CEO Giles Wilson
CFO Alvaro Gomez-Reino
COO Mervyn Walker

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