Italy slaps fines on Ryanair and EasyJet for unfair insurance practices February 17, 2014 Budget airline Ryanair has been fined €850,000 (£694,000) by Italy’s antitrust authority for lack of transparency when it comes to their optional insurance offerings. EasyJet was also fined €200,000 for the same thing. The authority said today that Ryanair has been given 30 days to respond on how it intends to make its optional flight [...]
EasyJet founder to vote against McCall’s payout February 9, 2014 EASYJET’S biggest shareholder is set to vote against the £6.4m pay packet of chief executive Carolyn McCall this week, though insiders expect the overall investor vote to back the pay plans. Stelios Haji-Ioannou, who founded the company and whose family owns a 36 per cent stake, intends to reject the remuneration report at Thursday’s annual [...]
EasyJet shares take a breather as losses widen January 23, 2014 EASYJET said yesterday the late Easter would mean wider half-year losses, sending its shares down four per cent. EasyJet expects to post a loss of between £70m and £90m for the half-year, compared to £61m a year ago, in a traditionally loss-making period for many airlines. The wider losses are partly due to the Easter [...]