EasyJet share price falls after it warns on tough outlook May 12, 2015 The figures: Budget airliner easyJet made £7m profit in the six months to March, up from a loss of £53m last year. Additionally revenue per seat – a measure of profitability – rose 2.6 per cent on a constant currency basis. Nonetheless it shares were trading down 8.5 per cent at 1,677p this morning after it warned on its [...]
EasyJet suffers a hangover from French strikes as Ryanair surges ahead May 7, 2015 EasyJet managed to shake off the effects of French transport strikes to post a 3.8 per cent increase in passengers. The figures EasyJet said that, compared to April 2014, it had had 12 times (602) the number of flights cancelled, mostly due to air traffic control strikes in France. Nevertheless, the number of passengers flying [...]
Halfords finance chief Andrew Findlay flies off to EasyJet April 13, 2015 The finance chief of Halfords is swapping bikes for airplanes, flying off to EasyJet to fill the CFO role at the budget airline. Findlay fills the position left vacant by Chris Kennedy who announced his departure for UK chip designer ARM at the start of the year. It's the second time a senior executive has [...]
EasyJet fights back in low-cost airline battle – but is Ryanair’s charm-offensive giving it the edge? April 8, 2015 Is Ryanair’s PR drive giving it the edge over EasyJet? After Ryanair revealed it carried 28 per cent more passengers in March than the same month last year, Easyjet’s solid growth figures paled by comparison. The figures EasyJet carried 5.5m passengers in March, compared to 5.1m during the same month last year, a rise of [...]
Germanwings flight 4U9525 crash: Airlines including EasyJet, Monarch Airlines, Virgin and Thomas Cook have just changed their cockpit procedures so two people must always be present March 27, 2015 Following the revelation that Germanwings flight 4U9525 may have been crashed deliberately, some of the world's largest airlines have confirmed plans to change their cockpit procedures so two crew members must always be present. Airlines including EasyJet, Monarch Airlines, Emirates, Norwegian Air Shuttle, Virgin and Thomas Cook all said they have changed their policies. The [...]
EasyJet share price slides after narrowing first half losses March 26, 2015 The figures For the six months ended 31 March EasyJet is expecting narrow post pre-tax result of a loss of £5m to a profit of £10m. The outlook for first half capacity growth has been revised up 0.2 per cent to 3.7 per cent and revenue per seat has also been hiked by 0.5 per [...]
Oil lows hurt Shell but give EasyJet an easy ride on FTSE – London Report January 29, 2015 OIL GIANT Royal Dutch Shell weighed heavily on the FTSE-100 yesterday after it missed profit expectations. The blue-chip FTSE 100 index ended down 0.2 per cent at 6,810.60 points as Shell dropped 4.9 per cent, among the worst-performing FTSE 100 stocks in percentage terms. The company also announced a $15bn (£9.9bn) cut in spending due [...]
Easyjet lifted by cheaper fuel January 27, 2015 BUDGET airline Easyjet grew its revenue to £931m in the final quarter of 2014 and said yesterday that winter season losses will be lower than expected due to cheaper fuel. Sales rose by £34m in the quarter ended 31 December, compared with the same period of 2013. Passenger numbers were also up in the first [...]
EasyJet share price takes off as first-half losses narrow amid positive autumn January 27, 2015 THE FIGURES It’s a good start to the year at EasyJet, as numbers for the first quarter are taking off, sending shares up by more than three per cent on the open. Passenger numbers were up 4.1 per cent to 14.9m, seats flown grew 2.6 per cent to 16.6m and load factor increased one per [...]
EasyJet finance chief Chris Kennedy departs for chipmaker ARM January 8, 2015 The finance chief carousel continues turning. EasyJet is losing its CFO Chris Kennedy to British chipmaker ARM after five years in the cockpit of the budget airline. ARM revealed it has poached Kennedy to replace outgoing finance man Tim Score who announced his retirement from the Cambridge-based company in May 2014. ARM chief Simon Segars [...]
