Easyjet shares grounded after revealing £560m hit from Iran war Aviation Easyjet expects to make a whopping loss in the first half of the financial year after the war in the Middle East led to major disruptions across operations. The budget airline said on Thursday it is forecasting a loss before tax of between £540m and £560m as the industry battles against rising costs. Shares in [...]
Easyjet takes £15m hit from ‘unacceptable’ French air traffic control strikes Transport and infrastructure Easyjet has revealed a hit of around £15m from recent air traffic control disruption in France as it warned the “scale of industrial action” would impact annual profits. “We are extremely unhappy with the strike action by the French ATC in early July, which as well as presenting unacceptable challenges for customers and crew also [...]
Easyjet is ‘significantly undervalued,’ says Peel Hunt Transport and infrastructure Easyjet shares edged up on Thursday alongside a bullish earnings outlook from Peel Hunt for the year ahead. “We believe Easyjet is significantly undervalued,” analysts at Peel Hunt said in a note, with shares rising around 2.8 per cent by mid-morning. Sustained travel demand has underpinned the budget airline’s growth and is yet to tail [...]
Easyjet holds guidance as it eyes £700m profit May 22, 2025 Easyjet has doubled down on full-year guidance as forward bookings showed promise ahead of summer. The low-cost carrier said bookings had been such that it expects to meet a prior target of £703m for annual pre-tax profit. Headline pre-tax losses came in at £394m, up 13 per cent year-on-year for the six months ended 31 [...]
Easyjet reaffirms guidance as losses narrow significantly January 22, 2025 Easyjet has reaffirmed full-year profit guidance after quarterly losses more than halved and booking momentum continued to build ahead of the busier easter and summer months. The budget airline expects to report a headline pre-tax profit of £709m in 2025, up from a prior year haul of £610m and in line with consensus. It said [...]
Easyjet: Golden goodbye for departing CEO Johan Lundgren December 10, 2024 The departing chief executive of Easyjet has been handed a golden goodbye to the tune of almost £3m ahead of stepping down next month. Johan Lundgren has pocketed £2.88m ahead of handing over to Kenton Jarvis in the New Year. The pay packet is up from the £2.19m Lundgren received in the prior year. The [...]
Easyjet more than doubles dividend as profit jumps November 27, 2024 Budget airline Easyjet reported a 34 per cent rise in pre-tax profit to £610m, in the twelve months to October.
Easyjet to report £600m profit as holiday arm boosts business November 24, 2024 Easyjet is expected to haul in £600m in profit as it continues to cash in on strong demand for travel in the post-Covid era.
Easyjet flies in executive from European rail freight giant as its new CFO October 14, 2024 Budget giant Easyjet has unveiled an executive from the rail firm Lineas as its new chief financial officer.
Ryanair boss Michael O’Leary considers entering package holiday market September 1, 2024 Michael O'Leary said he wouldn't rule out setting up a package holiday division amid concern over the resilience of near-term flight demand.