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30/10/2001
EasyJet looks to expand services from Belfast
Low fares airline EasyJet has announced that it plans to build on its existing routes from Belfast to London after posting a healthy increase in profits.
EasyJet’s preliminary results for the year ended 30 September 2001 show pre-tax profits rose 82 per cent to £40.1 million and revenues were up 35 per cent to £356.9 million.
Chief Executive Ray Webster said its Northern Ireland operations had been a major contributor to EasyJet’s success. Last year the carrier more than doubled the number of seats out of Belfast to 37,000 per week in the past 12 months by introducing two new domestic and one international route.
Mr Webster said: “We believe EasyJet is in a strong position to capitalise on the downsizing of other carriers’ networks. While some other airlines are announcing job losses and fleet capacity reductions, we look forward to hiring additional staff to deliver planned growth.”
However he added: “These are still very early days since the New York and Washington attacks, and all airlines are till learning about the changed European environment. We are cautiously optimistic about the trading environment, and believe that our business model is robust and able to operate within whatever security regime exists in Europe.”
The airline is reported to be looking into expanding its services from Belfast to London Heathrow, Paris Orly, Glasgow and Luton.
The company also announced that it plans to issue shares to raise £90 million in order to fund new routes. EasyJet chairman Stelios Haji-Ioannou also plans to reduce his stake in the firm by selling 13 million shares, thought to be worth around £40 million. (AMcE)
EasyJet’s preliminary results for the year ended 30 September 2001 show pre-tax profits rose 82 per cent to £40.1 million and revenues were up 35 per cent to £356.9 million.
Chief Executive Ray Webster said its Northern Ireland operations had been a major contributor to EasyJet’s success. Last year the carrier more than doubled the number of seats out of Belfast to 37,000 per week in the past 12 months by introducing two new domestic and one international route.
Mr Webster said: “We believe EasyJet is in a strong position to capitalise on the downsizing of other carriers’ networks. While some other airlines are announcing job losses and fleet capacity reductions, we look forward to hiring additional staff to deliver planned growth.”
However he added: “These are still very early days since the New York and Washington attacks, and all airlines are till learning about the changed European environment. We are cautiously optimistic about the trading environment, and believe that our business model is robust and able to operate within whatever security regime exists in Europe.”
The airline is reported to be looking into expanding its services from Belfast to London Heathrow, Paris Orly, Glasgow and Luton.
The company also announced that it plans to issue shares to raise £90 million in order to fund new routes. EasyJet chairman Stelios Haji-Ioannou also plans to reduce his stake in the firm by selling 13 million shares, thought to be worth around £40 million. (AMcE)
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easyJet aquire rival Go for £374 million
Low-cost airline easyJet has bought over rival airline Go for £374 million. Chairman of easyJet Stelios Haji-Ioannou described the purchase of the airline – owned by private equity company 3i – as "one of the most exciting developments in easyJet's history".
easyJet aquire rival Go for £374 million
Low-cost airline easyJet has bought over rival airline Go for £374 million. Chairman of easyJet Stelios Haji-Ioannou described the purchase of the airline – owned by private equity company 3i – as "one of the most exciting developments in easyJet's history".
06 November 2009
BA Losses Lead To Job Cuts
British Airways has announced plans to cut and extra 1,200 jobs, after reporting a pre-tax loss of £292 million for the six months of the year until September 2009.
BA Losses Lead To Job Cuts
British Airways has announced plans to cut and extra 1,200 jobs, after reporting a pre-tax loss of £292 million for the six months of the year until September 2009.
24 July 2001
EasyJet to expand range of Belfast destinations
Economy airline company easyJet has revealed plans to expand the range of destinations on offer from Belfast which could see the introduction of a direct service to Paris and Malaga.
EasyJet to expand range of Belfast destinations
Economy airline company easyJet has revealed plans to expand the range of destinations on offer from Belfast which could see the introduction of a direct service to Paris and Malaga.
08 February 2002
Easyjet enjoy rise in passenger numbers
Low-cost carrier Easyjet has revealed yet another rise in passenger numbers, as the latest figures show the airline's soaring popularity with passenger numbers up by over 30 per cent on the same time last year. Figures for the firm's performance show that the airline carried 700,526 passengers during January 2002.
Easyjet enjoy rise in passenger numbers
Low-cost carrier Easyjet has revealed yet another rise in passenger numbers, as the latest figures show the airline's soaring popularity with passenger numbers up by over 30 per cent on the same time last year. Figures for the firm's performance show that the airline carried 700,526 passengers during January 2002.
06 August 2001
British Airways perform to expectations
British Airways have announced a pre-tax profit of £40 million compared to a loss of £50 million in the same quarter last year, for the three months to June. The upsurge in profits was boosted by the £100 million profit British Airways made when it sold its no-frills airline Go in June this year.
British Airways perform to expectations
British Airways have announced a pre-tax profit of £40 million compared to a loss of £50 million in the same quarter last year, for the three months to June. The upsurge in profits was boosted by the £100 million profit British Airways made when it sold its no-frills airline Go in June this year.
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