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 [...]
Airline and travel stocks take a hit following Ryanair profit drop May 20, 2019 Airline and travel stocks have taken a tumble following Ryanair's profit slide, which it blamed on Brexit uncertainty and stuff competition in Europe. Holiday firm Tui is the biggest faller on the FTSE 100 today, with its shares down 3.79 per cent at the time of writing. Easyjet shares were down just over two per [...]
Easyjet losses soar to £275m on higher fuel prices and Gatwick drone chaos May 17, 2019 Losses shot up at Easyjet to £275m in the first half of the year, in line with expectations, the company showed this morning as it was forced to deal with lower revenues per seat. The figures Easyjet saw losses before tax deepen to £275m in the six months to the end of March, figures showed today. The [...]
Southend Airport eyes 2.5m passenger target this year amid growth spurt April 29, 2019 London Southend Airport owner Stobart Aviation has set its sights on reaching 2.5m passengers this year and 5m by 2023, in a move that would take it closer to its rival London City Airport (LCA). Southend Airport, which grew nearly 40 per cent last year, said the addition of EasyJet and Ryanair, which started flying from [...]
WH Smith: High-flyer divides City April 24, 2019 | City Talk By Graeme Evans from interactive investor. Latest results are fuel for another assault on a record high. Here’s why Smith splits the Square Mile. With £1 billion worth of dividends or buybacks since 2007, WH Smith (LSE:SMWH) shareholders can have few complaints about the retailer’s tried and tested strategy when it comes to selling stationery, [...]
North Sea explorers get boost as US clamps down on Iran oil exports April 23, 2019 Toughened sanctions against Iran helped push up oil prices over the weekend, lighting a fire under London-listed exploration companies today. The cost of international standard Brent crude has risen 2.9 per cent over since Friday, hitting $74.68 per barrel – its highest point since October. Read more: FTSE 100 climbs to fresh six-month high as [...]
FTSE 100 climbs to fresh six-month high as oil giants surge on tighter US sanctions on Iran April 23, 2019 The FTSE 100 climbed to a new six-month high for the year this morning as oil giants saw shares rise as oil prices rocketed. The blue chip index rose 0.4 per cent in early trading to 7,490 points – its highest since 3 October. Read more: Oil prices reach fresh 2019 high as US tightens sanctions [...]