EasyJet raises forecasts as mild winter cuts plane de-icing costs March 25, 2014 A MILD winter has helped EasyJet beat forecasts, as the airline spent less than expected on de-icing its planes. The budget carrier said revenues per seat in the six months to the end of March rose by around 1.5 per cent, helped by the popularity of its new reserved seating as well as longer routes. [...]
EasyJet cuts loss expectations and forecasts rising revenue March 25, 2014 Budget airline EasyJet has slashed its expectations for a pre-tax loss in the six months to 31 March from between £70m and £90m to between £55m and £65m. The company also expects a rise in revenue per seat of 1.5 per cent. Analysts at Investec have taken kindly to the results upgrading EasyJet from "hold" [...]
EasyJet passenger numbers climb ever higher March 6, 2014 Budget airline EasyJet has reported a rise in passenger numbers of 2.9 per cent to 4.2m for February 2014. The FTSE 100 company enjoyed an even greater rise in passenger numbers of 3.5 per cent to 61.5m for the 12 months ended February. Part of the company's growing popularity is attributable to the success of [...]
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 [...]