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, [...]
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 [...]