Image courtesy of BBC.co.uk

With travel halted, customers not wanting to travel and constant restrictions we have seen the stock hit lows of $490 after highs of $1858 in their peak.

Seeing giant company stocks crash and for them to be in need of Government and banking backing we need to stay aware of the potential upsides and of course downsides that we can face when trading or investing in it.

At the time of writing this (October 19th 2021) the stock market is open and Easyjet’s price is $620 after a pre month high of $725. This near 20% drop is scary enough but we have a feeling that the worst is yet to come.

Image courtesy of News.Yahoo.com

Current and potential lawsuits are littering the internet which is being fiercely advertised across all social media channels and YouTube videos. Data breaches cancelled flights and a host of other issues now see easyJet set to face an up to 9million member case with them all expecting up to £2000 compensation each!

No matter what the outcome is of these lawsuits the company will face untold difficulties and costs throughout. Hopes for the high demand for winter flights may also be dashed due to VAT payments, furlough stops and no further self-employment schemes starting to bubble especially in the UK. People have less to spend and that means less travel.