EasyJet share price slides as profit projections fail to meet expectations July 24, 2014 EasyJet's share price has dropped this morning after the budget airline forecast lower than expected pre-tax profits for its financial year. The airline, which carried 17.9m passengers in the three months to 30 June, said in an interim management statement that it expected pre-tax profits for the year to September to be £570m, lower than [...]
London Report: Turbulence for easyJet as FTSE loses altitude June 30, 2014 EASYJET proved to be a drag on the FTSE 100 yesterday as the low-cost airline felt the effect of a broker downgrade. The blue-chip FTSE 100 index ended down by 0.2 per cent, or 13.83 points, at 6,743.94 points – down more than two per cent from its 2014 peak of 6,894.88 in May, which [...]
Burberry eyes Japan as EasyJet chief joins board May 21, 2014 Fashion house Burberry has reported record sales and profit for 2013/14. Reported pre-tax profit leapt 27 per cent to £444m, with revenue up 17 per cent to £2.3bn. Adjusted profit before tax rose eight per cent to £461m, ahead of estimates. Further investment in Japan, enhanced beauty infrastructure and a smooth management transition – with [...]
EasyJet shares dip in spite of better losses May 13, 2014 EASYJET landed a smaller-than-expected loss in the first half of its financial year, helped by a rise in business passengers choosing the low-cost airline. Shares in the firm fell 4.2 per cent to make it the worst performer in the FTSE 100 yesterday, which analysts blamed on profit-taking after a strong year and several forecast [...]
EasyJet sees boom in business travellers as allocated seating pays off May 13, 2014 Budget airline EasyJet has seen its number of business travellers jump by 44 per cent. In the year to 31 March 2014 EasyJet carried 12m business passengers for the first time. The FTSE 100 company attributed its rising popularity among business travellers to the quality of customer service and its system of seating allocation. EasyJet [...]
EasyJet is developing drones to help keep its planes in top form May 7, 2014 EASYJET is helping to develop new drone technology that can be used to inspect its fleet of planes. The airline said yesterday it is working with the Bristol Robotics Laboratory, CopterCraft and Measurement Solutions to modify an unmanned drone for trials within the next few months. “The drones will be programmed to scan and assess [...]
EasyJet working on new drones and paperless planes May 7, 2014 EasyJet is helping to develop new drone technology that can be used to inspect its planes. The airline, which is holding a tech showcase at its Luton hangar today, said it is working with the Bristol Robotics Laboratory, Coptercraft and Measurement Solutions to modify an unmanned aerial vehicle for trials within the next few [...]
EasyJet passenger numbers continue to rise April 4, 2014 Budget airline EasyJet has announced a rise in passenger numbers of 4.8 per cent to 5.1m for March 2014. The FTSE 100 company enjoyed growth of 3.5 per cent to over 61m passengers for the 12 months ended March. Part of the company's growing popularity is attributable to the success of its new system of [...]
EasyJet says 10-year Luton deal will see passengers double March 31, 2014 EasyJet’s said it expects to carry 20 per cent more passengers next year, having secured more space at Luton airport, as part of a 10-year deal. The low-cost airline added that it’ll double the number of passengers it flies from the airport, where it's headquartered, over the next decade, to more than 9m a year. [...]
EasyJet agrees growth deal with Gatwick March 28, 2014 EASYJET has agreed to launch more flights at Gatwick as part of a deal on fees, forcing a reshuffle for other airlines at the airport. The budget carrier has signed a seven-year settlement that “incentivises the airline to grow at the airport”. The agreement means EasyJet will move its flights into the north terminal, in [...]