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 [...]
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, [...]