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News Tag: easyJet

May 23, 2011

Ryanair profit up despite rising fuel costs

by Kay Mitchell
”Ryanair
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 the period. Chief executive Michael O’Leary said in ...




May 10, 2011

easyJet losses swell amid higher fuel costs

by Kay Mitchell
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 to the political unrest in the Middle ...




January 20, 2011

Revenue up at easyJet despite snowfall

by Kay Mitchell
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) was up 7.5% to £654 million compared ...




November 16, 2010

easyJet profit soars on rising passenger numbers

by Kay Mitchell
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 period - against £55 million a ...




November 25, 2009

bmi plans 600 job losses

by Kay Mitchell
”bmi
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 are travelling by air. The restructure at bmi will see ...




November 17, 2009

easyJet hit by rising fuel costs

by Kay Mitchell
”easyJet
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 it expected a "substantial" improvement to profits in ...




September 3, 2009

easyJet closures put jobs at risk

by Kay Mitchell
”easyJet
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 airline said it would consult on ...