EasyJet strike 2015: Cabin crew ballot for action could cause summer travel chaos for holidaymakers and a new headache for budget airline July 7, 2015 Strike action by EasyJet staff could disrupt thousands of holidaymakers preparing to jet off for the summer holidays, causing a further headache for the low-cost airline. British cabin crew staff are planning to walk out over pay after talks between unions and the airline broke down following months of negotiations. EasyJet has said it is confident [...]
Budget airlines easyJet and Wizz Air welcome soaring passenger numbers as summer starts July 6, 2015 A fleet of budget airlines have today announced their passenger statistics for last month. One of the key elements to look out for is load factor. This is a measure of how much capacity an airline uses, and is critical for low cost airlines, who are less able to absorb the cost of flying with [...]
Greece bailout crisis: EasyJet founder Stelios Haji-Ioannou brings free lunch to the table July 1, 2015 While Eurozone finance ministers continue to try and come up with a plan to save Greece's economy, one billionaire is giving out free lunches on the street. Read more: Stelios Haji-Ioannou launches new easyBus Heathrow-London shuttle service Sir Stelios Haji-Ioannou, founder of easyJet, left Greece 25 years ago and now lives in Monaco, but [...]
Tui and Thomas Cook share prices tumble after Tunisia beach attack June 29, 2015 Shares in London-listed holiday firms have taken a tumble after the terrorist attacks in Tunisia on Friday which left more than 30 dead, many of them British tourists. Shares in the package holiday company Thomas Cook fell as much as seven per cent to 133.026 pence per share in early trading, recovering slightly to 139.93 [...]
Stelios Haji-Ioannou launches new easyBus Heathrow-London shuttle service June 16, 2015 Former EasyJet owner Stelios Haji-Ioannou is back at the airport, but this time with a ground-based shuttle. His easyBus launches a Heathrow-to-London bus service next month, with fares from just £1. The service will operate at least 90 times per day from 1 July, between Heathrow’s Central Bus Station and west London’s Shepherd’s Bush. Normal [...]
Carry-on luggage on airlines including Lufthansa and Emirates is about to get even smaller June 10, 2015 It's one of life's certainties, on top of death and taxes: arrive 10 minutes late to the queue for your gate on a budget airline, and you'll inevitably be forced to stow your carry-on in the hold, thus adding roughly an hour to your journey. Now the International Air Transport Association (IATA) has come up [...]
Google’s Larry Page, American Express’ Ken Chenault, Three’s David Dyson: These are the UK’s top-rated chief executives, as voted for by their employees June 10, 2015 It's a tough business, being a chief executive these days – so a little bit of love from their employees never goes amiss. Now recruitment site Glassdoor has unveiled its list of the UK's highest-rated chief execs. Alas, the top-rated guy isn't even based here… The list, which is based on approval by their employees, [...]
Passenger numbers are up for EasyJet as summer approaches June 4, 2015 EasyJet yesterday announced a 7.2 per cent rise in passengers for May 2015, compared to May 2014. The budget airline flew 6.4m passengers last month, compared to 6m the year before. Its load factor, the average portion of capacity an airline has filled with travellers, was up to 91.2 per cent, from 89.4 [...]
EasyJet share price slumps despite rise in profits as airline seeks to fly over April May 12, 2015 Shares in easyJet hit turbulence yesterday, despite the company announcing a pre-tax profit for the half year up to 31 March. The low-cost carrier announced a pre-tax profit of £7m for the six-month period, but its share price slumped, closing down 9.77 per cent, due to profit fears caused by a difficult April. [...]
EasyJet share price falls after it warns on tough outlook May 12, 2015 The figures: Budget airliner easyJet made £7m profit in the six months to March, up from a loss of £53m last year. Additionally revenue per seat – a measure of profitability – rose 2.6 per cent on a constant currency basis. Nonetheless it shares were trading down 8.5 per cent at 1,677p this morning after it warned on its [...]