Air France pilot strike bumps EasyJet revenues by £5m October 3, 2014 EasyJet has hiked its profit forecast for the year, seemingly benefitting from the two-week long Air France pilots' strike last month. The budget airline expects full-year pre-tax profit to be between £575m and £580m, an increase on previous estimates of between £545m and £570m. In a trading statement, EasyJet said the Air [...]
EasyJet founder Stelios Haji-Ioannou launches Rightmove killer easyProperty September 9, 2014 Airline entrepreneur Sir Stelios Haji-Ioannou has unveiled his latest no-frills business idea, an online estate agent called easyProperty. The venture, for which he is seeking crowdfunded capital, will rival relative newcomers Rightmove and Zoopla in a bid to unseat traditional estate agents by offering cut price services. Users of the website will be able to [...]
Easyjet passenger numbers rise despite crisis in Ukraine September 4, 2014 Sanctions and conflicts are causing problems for the airline industry – and with some areas off limits, investors were watching to see how EasyJet's latest passenger figures would stand up. Very nicely indeed, it turns out. In a statement posted this morning, the airline said passenger numbers rose 510,731 on the same month last year, [...]
EasyJet and Ryanair soar above turbulence with passenger rise August 6, 2014 Budget airlines easyJet and Ryanair yesterday reported jumps in passenger numbers for July. EasyJet enjoyed a 7.7 per cent growth in passenger number for July compared to the previous year –around 6.5m compared to 5.976. The passenger load factor increased by 1.3 percentage points to 92.2 per cent. The budget airline saw its third quarter [...]
London Report: Ukraine and poor data weigh on FTSE but easyJet climbs August 6, 2014 THE FTSE 100 yesterday fell after being pummelled by disappointing economic data and growing fears over the crisis in Ukraine. The FTSE 100 fell 46.32 points, or 0.7 per cent, to 6,636.16 points after earlier hitting a three-month low of 6,588.43 points. Pharma stocks were the biggest fallers as investors worried that interest from US [...]
EasyJet soars above turbulence with rising passenger numbers August 6, 2014 Budget airline EasyJet has reported a strong rise in passenger numbers of 7.7 per cent to 6.4m for the month of July and a rise of 5.9 per cent to 63.8m for the 12 months ending July. The figures will be welcome news to the company which recently forecast annual profits for the year to [...]
EasyJet cruises above turbulence but shares tumble five per cent July 24, 2014 EASYJET shares continued to slide yesterday after the company forecast annual profits for the year to 30 September would be between £545m to £570m, 14 to 19 per cent higher than last year, but slightly below a range of analysts’ forecasts. The budget airline said its third quarter revenues to 30 June had increased by [...]
EasyJet share price slides as profit projections fail to meet expectations July 24, 2014 EasyJet's share price has dropped this morning after the budget airline forecast lower than expected pre-tax profits for its financial year. The airline, which carried 17.9m passengers in the three months to 30 June, said in an interim management statement that it expected pre-tax profits for the year to September to be £570m, lower than [...]
London Report: Turbulence for easyJet as FTSE loses altitude June 30, 2014 EASYJET proved to be a drag on the FTSE 100 yesterday as the low-cost airline felt the effect of a broker downgrade. The blue-chip FTSE 100 index ended down by 0.2 per cent, or 13.83 points, at 6,743.94 points – down more than two per cent from its 2014 peak of 6,894.88 in May, which [...]
Burberry eyes Japan as EasyJet chief joins board May 21, 2014 Fashion house Burberry has reported record sales and profit for 2013/14. Reported pre-tax profit leapt 27 per cent to £444m, with revenue up 17 per cent to £2.3bn. Adjusted profit before tax rose eight per cent to £461m, ahead of estimates. Further investment in Japan, enhanced beauty infrastructure and a smooth management transition – with [...]