EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
Easyjet ends carbon offsetting scheme as it focuses on new aircraft technology September 26, 2022 Easyjet is ending its carbon offsetting scheme at the end of the year in favour of a multi-million-pound investment into new aircraft technology under its roadmap to net-zero by 2050. As part of the plan, older planes will be replaced with 168 new Airbus NEO, which are 15 per cent more efficient and 50 per [...]
Changes sweep the boardrooms and C-suites of biggest businesses in the UK August 24, 2022 The boardrooms and C-suites of some of largest companies in the UK have undergone sweeping overhauls this week alone. The winds of change have blown as the country heads into autumn and buckles down for a worsening economic crisis, some two years on from the start of the pandemic. While Covid-19 measures in the country [...]
Winds of change blow over EasyJet in boardroom revamp August 24, 2022 EasyJet has ushered in a trio of new non-executive directors onto its board, as three announce their departure from the airline. Ex-eBay Harald Eisenächer, CEO of Swiss logistics business Kuehne + Nagel Dr Detlef Trefzger and the former chief operating officer for Dubai Airports Ryanne van der Eijk will step onto the board at the [...]
Easyjet mulls over compensation following airports’ caps July 26, 2022 Easyjet is mulling over compensation after airports around Europe introduced daily passenger caps to cope with the ongoing travel chaos. Chief executive Johan Lundgren told journalists it was “clearly something that we will be discussing individually with our partner operators” but refused to lay out further details. Airports where Easyjet operates such as Gatwick and [...]
Travel disruption gives easyJet £130m loss but flights filling up for next quarter July 26, 2022 Travel disruption due to short-staffing led to easyJet suffering a £130m loss in the three months ending in June. The low-cost airline had a pre-tax loss of £114m due to the impact of cancellations, but its earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) was a profit of more than £100m. [...]
Olive branch: Easyjet’s founder calls for ceasefire with airline management July 20, 2022 Easyjet’s founder and majority shareholder Sir Stelios Haji-Ioannou has called for a ceasefire in the long-standing feud with the airline’s management. The Greek-Cypriot entrepreneur was one of the many shareholders to vote in favour of an order for new Airbus planes during today’s shareholder meeting, sources told the Financial Times. The purchase – which was [...]
Which? reports Easyjet to CAA for mistreating passengers throughout travel chaos July 7, 2022 Consumer champion Which? has reported Easyjet to the Civil Aviation Authority (CAA) for allegedly mistreating passengers over the last weeks of travel chaos. Which? accused the low-cost airline of keeping travellers in the dark about their right to either be booked on another company’s flight or claim compensation. By directing stranded customers to the ‘Manage [...]
Easyjet flight from London to Minorca escorted by fighter jet following bomb threat July 4, 2022 An Easyjet flight from London Gatwick to Minorca was escorted by a fighter jet, following a bomb threat. According to the Spanish police, the precaution was taken after a British 18-year-old made a fake threat on social media. The culprit – who yesterday was travelling alongside five other friends – remains in Minorca under police [...]
Easyjet COO steps down amid ongoing travel chaos July 4, 2022 The chief operating officer (COO) of Easyjet Peter Bellew resigned today as the airline continues to be hit by travel disruption. The carrier’s board announced today Bellew, who joined two and a half years ago, resigned on Friday to “pursue other business opportunities.” Director of flight operations David Morgan replaced him as interim COO. “I [...]