All EasyJet articles – Page 7
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NewsEasyJet operating 10% capacity but eyes chances to pounce
EasyJet expects to operate only around 10% of its capacity during the first quarter of the calendar year as travel restrictions tighten, but believes it can quickly capitalise on opportunities at key airports where rivals have retrenched. In a trading update today, the UK low-cost carrier says it carried almost ...
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NewsUK airline leaders call for support and exit plan as borders tighten
The chief executives of several UK airlines have issued a joint call for the country’s government to outline an “urgent roadmap” for the reopening of air travel, while at the same time demanding an aviation support package “that recognises the urgency and scale of the danger now facing our sector”.
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NewsEasyJet raises $1.9 billion partially guaranteed loan
EasyJet has raised a $1.87 billion loan which is partially guaranteed by the UK’s export-credit agency. The five-year loan is underwritten by a syndicate of banks, says the low-cost carrier, and supported by a partial guarantee from UK Export Finance under its export development guarantee scheme. Source: Shutterstock ...
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NewsEasyJet to slash network amid UK lockdown
EasyJet is paring back its operations to just “essential connectivity” between key UK cities and select international routes, as the low-cost carrier’s home country enters a further national lockdown. Existing operations will run up to and including 10 January, to enable passengers to return to the UK, after which the ...
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NewsEasyJet restricts voting power of shares held by non-EU interests
Budget carrier EasyJet has started suspending voting rights for certain shares which are still held by non-European Union interests, in order to comply with EU ownership regulations. EasyJet holds an EU operating licence and, as a result, needs to be majority-owned by EU and associated nationals. But EasyJet’s shareholder structure ...
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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NewsEasyJet defers deliveries of 22 more A320neos
EasyJet has pushed back delivery of 22 more Airbus A320neo originally set for delivery during its next three financial years, meaning the airline is set to take 33 new aircraft over the coming four years.
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NewsFresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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NewsEasyJet focuses on Gatwick as it eyes recovery
EasyJet is basing four additional aircraft at London Gatwick as the low-cost carrier looks to take advantage of rebounding in passenger demand in the new year.
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Airline BusinessWill Europe’s low-cost airlines lead the region out of the crisis?
The possibility that vaccines might begin to have a genuine impact on controlling the pandemic in Europe by the end of the first quarter of 2021 has changed the narrative.
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NewsWizz creates president role as it recruits senior EasyJet and Vueling executives
Former EasyJet commercial chief Robert Carey is to take up a newly-created role at budget carrier Wizz Air, serving as the company’s president. As part of the change, Wizz Air group chief operations officer Diederik Pen is to step down from his post, to be succeeded by budget carrier Vueling’s ...
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NewsWill crisis prompt airlines to bite the bullet on what they charge for?
As Lufthansa ends free meals on short-haul flights and EasyJet cuts cabin bag allowance, will more airlines follow in trimming what passengers get for their basic fare?
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NewsEasyJet aims to keep fleet to minimum as crisis persists
EasyJet is working to cut back its fleet to just over 300 aircraft for 2021, taking advantage of flexibility in its fleet-development agreements. The airline has 342 Airbus aircraft – of which 215 are owned – comprising 14 A321neos, 206 A320s and A320neos, and 122 A319s. EasyJet has disclosed that ...
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NewsEasyJet keeps capacity leashed as it turns in hefty full-year loss
UK budget carrier EasyJet is expecting to fly no more than 20% of planned capacity during the first quarter of 2020-21, owing to continuing restrictions in its markets. It outlined the forecast as it turned in a full-year pre-tax loss of £1.27 billion ($1.68 billion). The airline says it is ...
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NewsEasyJet further cuts winter capacity and sells more aircraft
EasyJet will now operate no more than 20% of its planned capacity in the last quarter of the calendar year and has sealed sale-and-leaseback deals covering a further 11 aircraft as it continues efforts to counter the crisis.
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NewsWhat messages do BA and EasyJet chiefs have for Greta Thunberg?
Sustainability was firmly establishing itself as the airline industry’s greatest long-term challenge before the coronavirus pandemic hit.
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NewsEasyJet enters leaseback agreements for nine more A320s
UK budget carrier EasyJet has agreed several sale-and-leaseback arrangements, covering nine aircraft and generating nearly $400 million to enhance its liquidity. The airline has sealed a transaction involving five Airbus A320s with Irish-based Wilmington Trust SP Services. EasyJet says this agreement, centred on leases averaging 117 months, will generate proceeds ...
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NewsEasyJet to make 418 crew in Germany redundant
EasyJet will almost halve its fleet in Berlin amid the Covid-19 pandemic.
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News‘All airlines are going bankrupt’: UK industry body chief
UK airlines desperately need a coronavirus testing regime in place avoid a “really, really bleak winter” for the industry, according to Tim Alderslade, chief executive of Airlines UK.