All EasyJet articles – Page 8
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NewsEasyJet’s new finance chief to start on 3 February
EasyJet’s new chief financial officer, Kenton Jarvis, will assume his role at the airline on 3 February 2021. This will be followed by a short handover period with his predecessor, Andrew Findlay, “to ensure a smooth transition”, the carrier states. Source: TUI Kenton Jarvis will take up new ...
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Airline BusinessNo one-size-fits-all for European LCC approach to crisis capacity
If the narrative among pan-European low-cost carriers over recent years has been one of consistent rapid growth, the approach to restoring capacity of the leading players since the pandemic has been anything but uniform. Analysis of traffic data released by EasyJet, Norwegian, Ryanair and Wizz Air over recent days illustrates ...
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NewsEasyJet expects full-year losses of more than £800m
EasyJet is set to make a group headline loss for the year ended 30 September of between £815-£845 million ($1-$1.1 billion) and expects to fly only a quarter of its planned capacity over the remainder of the calendar year as the pandemic continues to hit demand.
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NewsEasyJet Switzerland to cut two aircraft and 70 jobs
The unit has begun a formal consultation process on cuts at its Basel operation.
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NewsEasyJet pilots avoid redundancies by opting to work part-time
There will be no compulsory pilot redundancies at EasyJet, after 1,500 crewmembers opted to cut the number of hours they work.
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NewsWizz and KLM scale back European capacity amid restrictions
Wizz Air has again reduced its capacity outlook for October while KLM has put its short-haul network expansion plans “on hold” as ongoing coronavirus-related travel restrictions force Europe’s airline sector to apply the brakes to its recovery.
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NewsEasyJet taps TUI aviation head Jarvis for finance role
EasyJet has named TUI Group’s aviation head Kenton Jarvis as its new chief financial officer, where he will team up again with chief executive Johan Lundgren.
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Airline BusinessWinter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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News‘Last chance to save UK airline industry’: EasyJet chief
The chief executive of UK-based low-cost carrier EasyJet has warned that the lack of government support for the airline industry is threatening the sector’s long-term competitiveness.
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NewsEasyJet latest to scale back capacity amid travel restrictions
EasyJet has become the latest European carrier to cut capacity plans in the light of demand being negatively hit by increased travel restrictions.
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NewsEasyJet confirms axing of three UK bases
Low-cost carrier EasyJet is to close its bases at the London airports of Stansted and Southend, as well as Newcastle, as cuts its UK network to counter lower levels of demand.
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NewsA321neo sales lift proceeds of EasyJet leaseback scheme
Budget carrier EasyJet has carried out the sale-and-leaseback of five Airbus A321neo jets, concluding a programme of such transactions covering a total of 23 aircraft. The five A321neos – ranging from five to nine months in age – have been sold to Bocomm Leasing, a division of the Chinese Bank ...
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NewsOverrun risk underlined after third similar EasyJet take-off incident at Lisbon
UK investigators have disclosed that a third EasyJet take-off incident at Lisbon last year, under near-identical circumstances as the previous two, resulted in the Airbus A320 lifting off just 110m from the runway end. The incident, relating to performance calculation confusion, occurred on 16 September last year, shortly before a ...
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NewsUpbeat EasyJet hikes summer capacity further than forecast
UK budget carrier EasyJet is expecting to increase its flight activity to 40% of originally-planned capacity in its fiscal fourth quarter, up from the previous estimate of 30%. EasyJet, whose fourth quarter runs to 30 September, says it also expects a smaller loss than the £325 million ($425 million) headline ...
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NewsEurope’s low-cost carriers look beyond the restart
With the European aviation market shaken and long-haul travel largely absent, it is the continent’s low-cost carriers that are embracing the restart, driven by pent-up leisure and visiting-friends-and-family (VFR) demand.
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Airline BusinessHow many jobs are airlines cutting due to coronavirus?
Of the large airlines to have made announcements so far, most have implemented job cuts affecting significant proportions of their workforces.
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NewsNear-halving of EasyJet’s German operation in prospect: union
Trade union Verdi believes EasyJet is planning to almost halve its operation at its sole German base in Berlin.
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NewsEasyJet proposes UK base closures including two in London
UK budget carrier EasyJet is proposing to close two of its four London bases, as well as its Newcastle station, as part of the cuts to cope with the coronavirus situation. The airline is looking to shut its London Stansted and London Southend bases, along with Newcastle, and to cut ...
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NewsEasyJet sells six A320neos to SMBC
Budget airline EasyJet has further reinforced its finances after agreeing a $255 million sale-and-leaseback involving six Airbus A320neos. The carrier states that the deal is part of a plan – disclosed in May – to raise about £500-650 million ($620-807 million) through such transactions. EasyJet has identified SMBC Aviation Capital ...
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NewsEasyJet share issue raises £419 million
EasyJet has raised £419 million ($521 million) by placing 59.54 million shares through an immediate accelerated bookbuilding process. The UK low-cost carrier had disclosed on 24 June that it was aiming to raise £400-450 million by issuing just under 15% of its current share capital. Source: AIrbus ...