EasyJet an easy ride
Budget airliner … turbulence … flys high
Why it's interesting
The global oil price rout has been a boor for airliners such as Easyjet as it's driven down their operating costs. The price of a barrel of Brent crude slumped from $115 last June to around $45 in January. Oil prices have now recovered somewhat, but at just over $60.
Oil has fallen almost 60 per cent since June due to economic weakness, low global demand and a boom in US shale production.
"Under Chief Executive Officer Carolyn McCall, EasyJet, has ramped up its presence at key airports such as London Gatwick and targeted corporate travelers with add-ons like allocated seats and flexible-fares."