‘Brand thieves’: Easyjet’s parent firm takes legal action against UK band Easy Life October 3, 2023 Easyjet’s parent company Easygroup is suing a Leicestershire band over the use of ‘easy’ in its name. The artist called Easy Life has said the airline’s biggest shareholder is taking legal action against it, with the aviation giant insisting it has chased numerous similar cases in the past. Easy Life is a five-member band formed [...]
Ryanair and Wizz Air the worst offenders as airlines face ‘drip selling’ allegations August 21, 2023 European airlines have come under fire for ‘drip-selling’ after a report revealed 97 per cent of carriers on the continent are charging at least one “hidden fee” for their services amid already-rising air fares. Drip selling refers to companies hiding the true cost of products and services, by proclaiming one price initially but then charging [...]
15,000 EasyJet passengers hit by flight cancellations at Gatwick due to stormy weather June 12, 2023 Easyjet has cancelled flights affecting over 15,000 passengers, as thunderstorms and poor weather conditions across the UK and Europe caused significant disruption. The budget airline cancelled 54 flights on Sunday and 55 on Monday due to take-off from Gatwick Airport. Easyjet said that “thunderstorms in the Gatwick area restricted the number of arrivals and departures [...]
Tui: Shares down as travel giant eyes return to profit with strong summer getaway bookings May 10, 2023 TUI reported its revenues overtook pre-pandemic levels in its half year results this morning, as it cashed in on increased bookings and a boom in summer travel demand. The travel company reported revenues of £2.78bn (€3.2bn), a £870m (€1.bn) improvement on the previous year, with bookings hitting 12.9m across the winter and summer seasons. Losses [...]
Jet2 having a ‘Goldilocks’ moment as travel group hikes its profit expectations April 20, 2023 Leisure travel company Jet2 has raised its profit expectations to between £387m and £392m this morning, for the year ending 31 March 2023. The company has reported sale seat capacity for Summer 2023 as 7.2 per cent higher than the previous year, at 15.26 million. Forward bookings remain encouraging, with package holiday customers representing just [...]
EasyJet profits expected to fly past £260m as demand and ticket prices soar April 18, 2023 Easyjet announced a £120m improvement in its first half performance year on year, as the low-cost airline continued to turnaround its business. Headline losses before tax for the first half are expected to be between £405m and £425m, in spite of economic challenges including inflation, rising fuel costs and preparation costs for summer. The airline [...]
Three things we learnt from Easyjet and Wizz Air’s results January 29, 2023 The European aviation industry took centre stage last week, with low-cost carriers Easyjet and Wizz Air posting their financial results for the final three months of last year. Both were encouraging, with each firm reporting revenue rises driven by Brits returning to the skies after pandemic travel restrictions. Easyjet’s income jumped to £1.5bn after traveller [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
Easyjet slims losses to £133m as it dreams of profitability with Easter and summer bookings already flying high January 25, 2023 Easyjet expects to deliver a full-year profit after shrinking its quarterly losses by 37 per cent, the company said today, as chief executive Johan Lundgren remained positive about the airline’s preparedness to deal with higher passenger levels this summer. The low-cost carrier announced today that its loss before tax in the three months ended 31 [...]
Easyjet’s boss receives £3m package as airline remains in the red December 13, 2022 Easyjet’s boss Johan Lundgren has received a £3m remuneration even though the airline has posted a loss for the third consecutive year. The chief executive received a £1.2m bonus in addition to his £833,000 annual salary as well as shares worth £925,000. A company spokesperson said Lundgren – who has been at the carrier’s helm [...]