Articles tagged “easyjet”

Lufthansa CEO Says Britain Risks Flight Chaos if Brexit Talks Miss Deadline

Lufthansa CEO Says Britain Risks Flight Chaos if Brexit Talks Miss Deadline

Birgit Jennen, Benjamin Katz and Richard Weiss, Bloomberg

As Britain and the European Union divorce, aviation treaties need to be redone. Lufthansa's CEO Carsten Spohr warns that a plan needs to be made within a year or else there will be flight disruptions in 2019.

1 month ago

EasyJet’s Numbers Show the British Are Still Traveling Despite the Pound’s Decline

EasyJet’s Numbers Show the British Are Still Traveling Despite the Pound’s Decline

Benjamin Katz, Bloomberg

Britons are still traveling abroad despite the pound having lost approximately 10 percent of its buying power against the euro in the past year.

2 months ago

Carriers Move to Accommodate Increased Demand for Canary Islands

Carriers Move to Accommodate Increased Demand for Canary Islands

Benjamin Katz, Bloomberg

As European tourism moves away from established destinations that are perceived by travelers as unsafe, destinations like Spain's Canary Islands will likely become the beneficiaries.

2 months ago

Cheap Fuel Is Making European Aviation More Competitive

Cheap Fuel Is Making European Aviation More Competitive

Patrick Whyte, Skift

Cheap fuel is keeping the European aviation market competitive, which presents something of a challenge to strong, established carriers like EasyJet and Ryanair. We'll probably have to wait until next year for any kind of shake-up.

2 months ago

EasyJet Profits Hurt by Weaker Pound After Brexit Vote

EasyJet Profits Hurt by Weaker Pound After Brexit Vote

Patrick Whyte, Skift

While the first quarter figures point to an airline ticking along nicely, the outlook remains fairly gloomy, especially as no one really knows how big an impact the UK's protracted departure from the European Union will have on the economy.

3 months ago

Ryanair Again Threatens to Stop Flying UK Domestic Routes

Ryanair Again Threatens to Stop Flying UK Domestic Routes

Benjamin Katz , Bloomberg

Here's a prediction: Ryanair will follow the money. If it calculates it can earn a hefty post-Brexit profit flying within the UK, it will probably go through the trouble of keeping the flights. If not, it probably won't bother.

3 months ago

EasyJet Is Losing Ground on Its Biggest Low-Cost Rival Ryanair

EasyJet Is Losing Ground on Its Biggest Low-Cost Rival Ryanair

Christopher Jasper, Bloomberg

EasyJet's once stellar reputation took a bit of a battering last year, mainly on the back of problems outside of its control. Still, it is worrying that the airline is continuing to lose ground to rivals such as Ryanair, which face similar geopolitical threats.

4 months ago

EasyJet Easing Performance Targets as CEO’s Pay Fell 75 Percent in 2016

EasyJet Easing Performance Targets as CEO’s Pay Fell 75 Percent in 2016

Benjamin Katz, Bloomberg

Brexit has put easyJet's earnings under pressure so the board eased performance targets for CEO Carolyn McCall and other executives. This Brexit impact is for real.

5 months ago

EasyJet Hopes Its Plan to Invest in Start-Ups Will Help It Stay Ahead of Competition

EasyJet Hopes Its Plan to Invest in Start-Ups Will Help It Stay Ahead of Competition

Patrick Whyte, Skift

For a relatively small outlay, EasyJet will effectively have an interest in 35 companies. Many of these will likely come to nothing but even if only a couple succeed the initial investment will seem like a bargain.

5 months ago

This Is Why Warren Buffett Probably Has Little Interest in European Airline Stocks

This Is Why Warren Buffett Probably Has Little Interest in European Airline Stocks

Chris Bryant , Bloomberg

Europe's airlines likely must consolidate further if they are going to match U.S. airline industry profitability. That should eventually happen — some CEOs of the continent's more powerful airlines talk about making further acquisitions — but nothing is imminent. So Europe's airline stocks may not be great buys, yet.

5 months ago

EasyJet Expects Brexit Hangover to Carry on Into 2017

EasyJet Expects Brexit Hangover to Carry on Into 2017

Benjamin Katz, Bloomberg

The fact that EasyJet is set to face continuing problems from the UK's Brexit vote shows just how serious an issue it is for the travel and tourism industry. The airline will be hoping that by dealing with things now it can prevent the situation escalating further down the line.

5 months ago

EasyJet Is Trying to Hold on to Its Executive Suite While Earnings Lag

EasyJet Is Trying to Hold on to Its Executive Suite While Earnings Lag

Benjamin Katz and David Hellier, Bloomberg

Will we see other UK travel companies have to worry themselves about execs making their own Brexit base on salary concerns?

6 months ago