Oil lows hurt Shell but give EasyJet an easy ride on FTSE – London Report January 29, 2015 OIL GIANT Royal Dutch Shell weighed heavily on the FTSE-100 yesterday after it missed profit expectations. The blue-chip FTSE 100 index ended down 0.2 per cent at 6,810.60 points as Shell dropped 4.9 per cent, among the worst-performing FTSE 100 stocks in percentage terms. The company also announced a $15bn (£9.9bn) cut in spending due [...]
Easyjet lifted by cheaper fuel January 27, 2015 BUDGET airline Easyjet grew its revenue to £931m in the final quarter of 2014 and said yesterday that winter season losses will be lower than expected due to cheaper fuel. Sales rose by £34m in the quarter ended 31 December, compared with the same period of 2013. Passenger numbers were also up in the first [...]
EasyJet share price takes off as first-half losses narrow amid positive autumn January 27, 2015 THE FIGURES It’s a good start to the year at EasyJet, as numbers for the first quarter are taking off, sending shares up by more than three per cent on the open. Passenger numbers were up 4.1 per cent to 14.9m, seats flown grew 2.6 per cent to 16.6m and load factor increased one per [...]
EasyJet finance chief Chris Kennedy departs for chipmaker ARM January 8, 2015 The finance chief carousel continues turning. EasyJet is losing its CFO Chris Kennedy to British chipmaker ARM after five years in the cockpit of the budget airline. ARM revealed it has poached Kennedy to replace outgoing finance man Tim Score who announced his retirement from the Cambridge-based company in May 2014. ARM chief Simon Segars [...]
Passenger numbers rise at EasyJet and Aer Lingus January 7, 2015 Irish airline Aer Lingus and budget carrier EasyJet both saw passenger numbers rise by 3.2 per cent last year, in what was a generally good year for the firms. Aer Lingus saw the number of people using its services increase to 11.1m in 2014. Its load factor, the number of seats filled on each flight, [...]
EasyJet boss Carolyn McCall took home £7.68m in 2014 December 5, 2014 EasyJet boss Carolyn McCall has pocketed a £7.68m for her work over the last year, a drop of £92,000 on her previous year's pay. The figure included a £677,000 base salary, a £1m bonus, £5.9m from the vesting of shares, and a £47,000 pension. McCall's million-pound pay packet was only slightly less than last year, however [...]
CEO Carolyn McCall scoffs at easyJet being labelled as lazy November 18, 2014 A couple of weeks ago, somebody called easyJet lazy. This wasn’t an angry passenger or a disgruntled shareholder, but the chief executive of Hungarian budget carrier Wizz Air, Jozsef Varadi. “Lazy low-cost airlines” will be undercut by ultra-low-cost brands like Wizz and Ryanair in Europe, he told punters at the World Travel Market conference at [...]
EasyJet’s profits soar to new heights as passenger numbers rise November 18, 2014 Budget airline easyJet yesterday shrugged off concerns about an increasingly crowded low-cost airline market by announcing a 21.5 per cent rise in pre-tax profit to £581m. The no-frills carrier, which upgraded its profit forecast last month following strong sales, also announced it will increase its ordinary dividend per share by 35.5 per cent to 45.4p [...]
Blue skies ahead for EasyJet? Profits rise 21.5 per cent November 18, 2014 EasyJet reported a 21 per cent lift in pre-tax profit for the full year, slightly ahead of its own market guidance. Profit before tax came in at £581m for the 12 months ended 30 September. The airline added it predicts more growth for the first six months of 2015. The profits are the highest reported [...]
EasyJet drives FTSE 100 recovery ahead of US employment report October 3, 2014 The FTSE 100 is up 53 points, ending four days of losses, as EasyJet moved to the top of the pack after hiking its profit forecast for the year. The budget airline expects a full-year pre-tax profit of between £575m and £580m. Previous estimates were for a pre-tax profit of between £545m and £570m. EasyJet [...]