Easyjet on track to rejoin FTSE100 February 22, 2022 Low-cost carrier Easyjet is on track to be added into the FTSE100, almost two years after falling from the index as a result of the pandemic’s economic impact. In an indicative review sent around today, benchmarking provider FTSE Russell reported the company’s potential addition to the index, adding the confirmation will be announced after market [...]
Hire away: Easyjet to recruit 1,000 pilots over the next five years January 31, 2022 Easyjet has announced it will recruit 1,000 pilots over the next five years, focusing on attracting more women. The low-cost carrier, who is expecting bookings to go back to almost pre-Covid levels by the summer, said it wants to recruit more women to tackle the industry’s blatant gender disparity. “We are delighted to be reopening [...]
What are ghost flights and what is the debacle around them? January 27, 2022 EasyJet’s chief executive Johan Lundgren this morning told investors the airline was in favour of airport slot rules going back to “a normalised delineation,” saying the carrier will not be forced to operate ghost flights to retain its slots. “We should remember that the reason why [governments] made these exceptions was because restrictions were in [...]
EasyJet CEO confident ‘testing will become a thing of the past’ January 27, 2022 EasyJet said this morning it is seeing a boost in bookings from the move to scrap Covid travel tests, after the spread of the Omicron variant hit passenger demand last month. The low-cost airline said Omicron saw its load factor – a measure of how well it fills its planes – slump to 67% in [...]
Going green: Easyjet to develop net-zero aircraft system January 10, 2022 Low cost-carrier Easyjet has partnered with aerospace firm Cranfield Aerospace Solutions to develop a hydrogen fuel cell propulsion system for commercial aircraft. The technology is initially being tested on a nine-seater plane, due to fly by 2023. Easyjet is expected to support Cranfield and provide the firm with expertise when it comes to deploying the [...]
Mayday: Year from hell in aviation as empty flights crash-land by staggering 71 per cent from pre-pandemic levels December 29, 2021 Covid-related travel restrictions led to a 71 per cent reduction in the number of international flights to and from UK airports this year compared with pre-pandemic levels, new analysis shows. Aviation analytics firm Cirium said around 406,060 international flights served UK airports during 2021 up to December 22, compared with 1,399,170 in the pre-pandemic period [...]
Travel sector and real estate lead FTSE firms through second year of bumper capital raises December 14, 2021 UK listed companies have raised £24.7bn new capital from investors in a strong second year of cash calls, as firms spent another twelve months prioritising their Covid recovery. FTSE companies raised more than £12bn of that in the second half of the year to November, as record low interest rates saw investors more willing to [...]
Airlines stocks jump as Omicron concerns are shrugged off December 6, 2021 The shares of several airlines – including British Airways’ owner IAG, Easyjet and Ryanair – jumped today, as a result of carriers shrugging off concerns about the latest Covid variant, Omicron. Evidence showing the mild effects of Omicron, which has not yet caused any deaths, has led to IAG going up to 142.26p from a [...]
Easyjet adopts a more aggressive strategy to face rivals December 5, 2021 Easyjet’s chief executive Johan Lundgren is reportedly adopting a more aggressive business strategy, following accusations of having behaved too cautiously during the pandemic. Lundgren stated that, after seeing encouraging signs for next summer, he expects demand to go back to pre-Covid levels, allowing the company to buy slots at airports such as London Gatwick. The [...]
Easyjet is coming to town: Airline announces second Lapland route December 3, 2021 Easyjet announced today the opening of its newest service to Lapland, with the first flight departing this morning. The new route – linking London Gatwick to the Finnish city of Kittila – joined an existing service connecting the British capital to Santa Claus’s hometown of Rovaniemi. Flights to Rovaniemi, which departed for the first time [...]