Tag: easyJet

Ryanair profit up despite rising fuel costs

Ryanair profit up despite rising fuel costs

Irish no-frills airline Ryanair has today reported a rise in annual profits despite higher jet fuel costs, which continue to rise due to the political unrest in the Middle East. The budget carrier said fuel costs grew by 37% during the 12-month period to the end of March. Meanwhile, passenger numbers were up 8% in […]

May 23, 2011 More
easyJet losses swell amid higher fuel costs

easyJet losses swell amid higher fuel costs

Budget airline easyJet has today revealed pre-tax losses for the six months to 31 March swelled to £153 million, compared with a loss of £79 million in the same period a year earlier. The no-frills airline attributed the loss to rising fuel costs and the challenging economic environment. Jet fuel costs continue to rise due […]

May 10, 2011 More
Revenue up at easyJet despite snowfall

Revenue up at easyJet despite snowfall

Budget airline easyJet has today said it was hit by the severe wintry weather in Europe last month and was hit by costs of £31 million, which also included strike action by French air traffic controllers. However, taking this into account, the airline said revenue in its first quarter (the final three months of 2010) […]

January 20, 2011 More
easyJet profit soars on rising passenger numbers

easyJet profit soars on rising passenger numbers

Budget airline easyJet has today said profits have been boosted by a rise in passenger volumes and the group said it will pay its first ever dividend in 2012. The no-frills airline said passenger numbers grew 8% in the full-year to the end of September to 49 million, while profits totalled £154 million in the […]

November 16, 2010 More
bmi plans 600 job losses

bmi plans 600 job losses

Low-cost airline bmi has announced plans to axe around 600 jobs as part of a restructuring plan. The carrier, like many others around the world, has been hit by a slump in demand, higher fuel prices and increased competition. The economic downturn has meant many airlines have been forced out of business as fewer people […]

November 25, 2009 More
easyJet hit by rising fuel costs

easyJet hit by rising fuel costs

Budget airline easyJet has posted a severe fall in profits for the full-year to the end of September as a result of rising fuel costs. The airline posted underlying pre-tax profits of £43.7 million, compared with £123.1 million in the same period a year earlier – a fall of 64.5% However, the no-frills airline said […]

November 17, 2009 More
easyJet closures put jobs at risk

easyJet closures put jobs at risk

Budget airline easyJet is to close its base at East Midlands airport and cut services at Luton Airport by a fifth with a view to transferring them to profitable bases in continental Europe. Luton is one of easyJet’s biggest bases and operates 16 aircraft and carries almost 5 million passengers each year. Meanwhile, the low-cost […]

September 3, 2009 More