Easyjet sent into freefall: Shares continue to tumble September 14, 2021 Shares in budget flier Easyjet continued to tumble today after UBS said on Friday that the carrier would likely lag behind rivals in its recovery from the pandemic. Having tumbled 13.4 per cent yesterday, shares were down another 0.7 per cent this morning. Since Wednesday, when the carrier announced a £1.2bn rights issue, shares are [...]
Easyjet shares dive as carrier rejects takeover bid ‘from Wizz Air’ and flags £1.2bn rights issue September 9, 2021 Easyjet this morning said that it had rejected an unsolicited takeover bid as it announced a new £1.2bn rights issue. Shares in the FTSE 250 firm were down 10.2 per cent by the time markets closed this evening. The budget carrier said that the bid had took the “form of a low premium and highly [...]
No more green lists and amber lists? Traffic light system set to go by October September 9, 2021 The traffic light system for travel during the Covid era – detested by the industry as complex and unecessary – looks set to be replaced, with an announcement due by the end of the month. The UK government is due to assess the necessity of the system, which delegates destinations as green list, amber list [...]
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
‘Green’ status should be default for most of world, say BA and Easyjet bosses August 2, 2021 The UK’s airline industry has called for more countries to be added to the “green list” for travel this week, and it should be the “default” for most places. Transport secretary Grant Shapps is due to update the current traffic light system for international travel later this week. In a letter to Shapps signed by [...]
Ryanair, BA, Easyjet and Stansted in court today suing over traffic light travel system July 9, 2021 Ryanair, BA, Easyjet and Stansted owner MAG are in court today suing over traffic light travel system
IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]
Airlines add extra seats to rare green list destinations Gibraltar, Iceland and Israel June 15, 2021 Airlines add extra seats to rare green list travel destinations Gibraltar, Iceland and Israel
Airline stocks dive and bosses fume after Portugal axed from UK travel ‘green list’ June 4, 2021 Airline stocks dropped as London’s markets opened for trading today after the government removed the one popular holiday destination from its travel “green list”. Wizz Air led the fallers on the FTSE 250, dropping 3.5 per cent by the mid-afternoon, while Easyjet shed 1.9 per cent. Easyjet had added hundreds of extra flights to Portugal [...]
Stop, go, stop: Easyjet and Jet2 bosses slam ministers over traffic light travel ‘guessing game’ May 27, 2021 The CEOs of Easyjet, Jet2, and the owner of Stansted airport have slammed the UK Government for its handling of the return of international holidays via a traffic light system where a country must be on the green list in order to facilitate return travel.