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British budget airline easyJet says it is benefitting from the collapse of rivals and problems at Ryanair, helping pricing trends to improve before a new CEO takes over. Francis Maguire reports
Nov.21 -- Carolyn McCall, chief executive officer at EasyJet, discusses her growth model for 2018, her cost-cutting measures, how she's preparing for Brexit, consumer spending and her outlook for the airline. She speaks on "Bloomberg Daybreak: Europe."
British budget airline easyJet gained unconditional EU antitrust approval on Tuesday to buy parts of Air Berlin, in contrast with rival Lufthansa, which is trying to convince regulators of its own bid for other Air Berlin assets. The 40 million euro (£35.2 million) deal, which includes some of Air Berlin's operations at Tegel airport, leases for up to 25 A320 aircraft and the taking on of about 1,000 of Air Berlin's pilots and cabin crew, will make easyJet the largest carrier in the German capital. The European Commission said the acquisition would not hurt competition, confirming a Reuters report on Dec. 4.
BERLIN (AP) — The European Union has cleared easyJet's planned acquisition of part of bankrupt German airline Air Berlin.
Categories: Yahoo FinanceGet free summary analysis easyJet Plc reports financial results for the half-year ended September 30, 2017. We analyze the earnings along side the following peers of easyJet Plc – Ryanair Holdings Plc Sponsored ADR, Air China Limited Sponsored ADR Class H and Deutsche Lufthansa AG Sponsored ADR (RYAAY-US, AIRYY-US and DLAKY-US) that have also reported ... Read more (Read more...)
Britain’s EasyJet is gearing up to break Lufthansa’s short-lived monopoly on domestic German flights. The budget airline will spend around €40 million ($47 million) acquiring the 25 Air Berlin planes that weren’t scooped up by Lufthansa when the German carrier bought up the bulk of its bankrupt rival in October. EasyJet announced today that will…
Britain's easyJet (EZJ.L) will start competing with Lufthansa's (LHAG.DE) airlines on domestic German routes from Berlin next month, following its planned takeover of parts of insolvent Air Berlin, it said on Wednesday. The budget carrier currently flies from Berlin Schoenefeld airport to destinations outside of Germany, but the Air Berlin deal will see it move into the larger inner-city Tegel airport, previously home to Air Berlin.
BRUSSELS/LONDON (Reuters) - British budget airline easyJet is set to win unconditional EU antitrust approval to buy parts of failed German peer Air Berlin, people familiar with the matter said on Monday. EasyJet will take on some of Air Berlin's operations at Tegel airport in the German capital for around 40 million euros (£35.1 million). It will also take on leases for up to 25 A320 aircraft, and about 1,000 of Air Berlin's pilots and cabin crew.
BRUSSELS/LONDON (Reuters) - British budget airline easyJet (EZJ.L) is set to win unconditional EU antitrust approval to buy parts of failed German peer Air Berlin (AB1.DE), people familiar with the matter said on Monday. EasyJet will take on some of Air Berlin's operations at Tegel airport in the German capital for around 40 million euros ($47 million). It will also take on leases for up to 25 A320 aircraft, and about 1,000 of Air Berlin's pilots and cabin crew.
Ryanair has applied for slots to base nine aircraft at Berlin-Tegel airport to cement its position in the German capital and compete with rival easyJet which has taken over parts of Air Berlin's business. Ryanair's Chief Executive Michael O'Leary has criticised as a "stitch-up" the way that Air Berlin was carved up after it filed for insolvency, with Lufthansa buying the bulk of its operations and easyJet getting some business at Tegel.
THESSALONIKI, Greece (AP) — Budget airline easyJet says runway maintenance work at the airport in Greece's second city of Thessaloniki is forcing it to reroute passengers through alternative airports until Dec. 21 at least.
The low-cost carrier easyJet is one of only six FTSE 100 companies that has a female CEO. However, one thing outgoing chief executive Dame Carolyn McCall has not managed to remedy in her seven-year tenure is the company’s pay gap: this week the airline reported a 45.5% median pay gap among its male and female…
British Airways owner IAG (ICAG.L) has acquired valuable take-off and landing slots at London's Gatwick airport from failed carrier Monarch Airlines, the latter's administrators said on Monday, beating off competition from other airlines. The administrators said they were in the process of completing an exchange of Monarch's slots for others currently held by IAG but did not disclose how much IAG was paying under the swap arrangement to get the more valuable slot times. "As well as representing an excellent recovery for creditors from one of Monarch Airline’s significant assets, the clarity that this sale will bring is very positive for other stakeholders such as Gatwick Airport and its customers," Blair Nimmo, partner at KPMG and joint administrator, said in a statement.
EasyJet Plc, Britain’s biggest discount airline, has revealed that men at the company earn on average 51.7 percent more than women, one of the highest gender pay gaps reported so far in the U.K. as part ...
European airlines are pressuring EU regulators to restrict the activities of British airlines after Brexit. Uncertainty could be calamitous for the U.K. travel industry, airlines and holidaymakers across Europe but the worst may not happen.
Categories: Yahoo FinanceeasyJet Plc relative valuation is now OVERVALUED. It was previously rated UNDERVALUED, and has a fundamental analysis score of 50. Our analysis is based on comparing easyJet Plc with the following peers – Ryanair Holdings Plc Sponsored ADR, Air China Limited Sponsored ADR Class H and Deutsche Lufthansa AG Sponsored ADR (RYAAY-US, AIRYY-US and DLAKY-US). ... Read more (Read more...)
British blue-chip stocks end higher Tuesday, with EasyJet PLC helping to lead the way up as investors assess a round of corporate financial updates.
European stocks finish higher Tuesday, aided by gains for airline easyJet PLC and car maker Volkswagen AG, and by investors appearing, for now, to set aside concerns about the possibility of a new election ...
EasyJet (EZJ.L) said on Tuesday fare levels in Europe were set to rise this winter after it benefited from the woes of rivals to post record passenger numbers in the last year, prompting its departing CEO to say she was leaving the airline in good shape. The share price was up nearly 7 percent at 1365 pence by 1138 GMT after Carolyn McCall landed her last set of results before joining British broadcaster ITV (ITV.L) as CEO in January. EasyJet's strong performance came after a tumultuous few months for the European airline industry, with Monarch, Air Berlin (AB1.DE) and Alitalia all going into administration this year.
British budget carrier easyJet said its net profit for 2017 fell 24%, although revenue trends for the start of the current fiscal year have been encouraging.
Carolyn McCall, chief executive officer at EasyJet, discusses her growth model for 2018, her cost-cutting measures, how she's preparing for Brexit, consumer spending and her outlook for the airline. She ...
EasyJet Plc predicted a gain in prices this winter after earlier forecasting a decline as the collapse of rivals including U.K.-based Monarch Airlines Ltd. removes excess capacity in some of its biggest ...
EU antitrust regulators will rule by Dec. 12 whether to allow British budget carrier easyJet (EZJ.L) to acquire parts of failed German airline Air Berlin's (AB1.DE), the European Commission said on Wednesday. EasyJet filed for approval on Tuesday, according to the EU competition authority's website. The deal includes easyJet taking on some of Air Berlin's operations at Tegel airport in the German capital, covering leases for up to 23 A320 aircraft and around 1,000 of its pilots and cabin crew.
EasyJet (EZJ.L) has agreed a deal with a German trade union over job terms for former crew of Air Berlin after the British budget carrier agreed to buy part of the failed airline's operations. EasyJet has said it is looking to recruit around 1,000 Air Berlin pilots and cabin crew after taking on some of its operations at Tegel airport in the German capital, covering leases for up to 25 A320 aircraft. The airline said the agreement with Verdi would make terms for ex-Air Berlin staff very attractive, and the trade union also welcomed the deal.