Easyjet to cancel Italy flights as coronavirus hits demand February 28, 2020 Budget airline Easyjet today said that it would cancel a number of flights to Italy as it warned of a “significant softening of demand” across its short-haul network as the coronavirus outbreak continued to impact global airlines. The firm said it would continue monitor the situation and adapting its flying program to support demand. Shares [...]
Easyjet raises first half guidance after outperforming on passenger revenue January 21, 2020 Low-cost airline Easyjet this morning said that they had raised their first half revenue guidance after outperforming expectations for their passenger revenue. Easyjet’s shares rose over four per cent in early trading. The figures: Total revenue for the quarter rose nearly 10 per cent to £1.43bn, up from 1.3bn in the same period last year. [...]
Easyjet becomes first major airline to go carbon neutral November 19, 2019 Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact. The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in [...]
Easyjet boss bullish about package holiday move, despite tumbling profit and ‘difficult’ aviation market November 19, 2019 Easyjet has unveiled a new-look package holiday business just months after the collapse of Thomas Cook, despite profit plunging more than a quarter over the last year. The budget flyer said the new business, Easyjet Holidays, will launch in the UK just in time for customers to pencil in a Christmas getaway, with bookings open [...]
Easyjet prepares to take more Thomas Cook market share via package holiday business November 11, 2019 Easyjet is gearing up to reveal the details of its upcoming package holiday subsidiary, as the industry scrambles to fill the gap in the market left after the collapse of Thomas Cook. The low cost carrier, which reports its full-year financial results next week, will relaunch the package holiday business, Easyjet Holidays, before Christmas, but [...]
British flight ban to Sharm el-Sheikh lifted, as airlines eye resort for summer 2020 October 22, 2019 British holidaymakers could soon have the chance to return to the popular Egyptian resort Sharm el-Sheikh, after the government lifted a ban imposed in 2015. Flights to the resort town were suspended after 224 people were killed by the bombing of a Russian airliner, which was linked to the so-called Islamic State group (Isis). Read [...]
Easyjet grows revenue in ‘robust’ quarter as new COO joins July 18, 2019 Easyjet boosted revenue 11 per cent to £1.8bn in its third quarter, the airline revealed today, saying it is on schedule to hit market expectations on profit. Read more: Easyjet losses soar to £275m after fuel price hike and Gatwick drone chaos The airline also posted higher passenger revenue, growing that 10.7 per cent year [...]
Lufthansa profit warning hurts ‘miserable’ airline stocks June 17, 2019 A Lufthansa profit warning dragged down airline stocks this morning as analysts warned investors are “spooked”. The Frankfurt-listed flyer blamed overcapacity in the market and rival carrier competition for falling ticket prices in Europe. Read more: Flybe boss to quit after airline’s sale to Connect Airways Lowering its earnings margin forecast to between 5.5 per [...]
Easyjet and Marks and Spencer candidates for relegation in FTSE reshuffle June 2, 2019 Easyjet looks set to be the next company to fall out of the FTSE 100, with several others, including Marks and Spencer, nervously eyeing the drop ahead of the blue chip list’s reshuffle on Wednesday. The budget carrier has faced a turbulent time, which has pushed shares down 22 per cent in the last six [...]
Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings May 31, 2019 Wizz Air’s profit margin was squeezed in its latest financial year despite posting record profit today as revenues soared, and predicting more good times to come as rivals fall by the wayside. The figures Wizz Air saw profit grow six per cent year on year to hit €292m (£257.9m) in the 12 months to the [...]