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10/04/2002
Insurance policy premiums give Easyjet cause for concern
Budget airline Easyjet has admitted it is encountering limited turbulence stemming from the 11 September attacks after warning that insurance policy premiums had “increased substantially”.
The airline also revealed that it was reassessing the book value of its holding in the Airline Group, the firm which has taken over the running of Britain’s air traffic control business, Nats.
Nats has reportedly received an emergency £60 million in funding to address revenue shortfalls stemming from the aviation crisis.
Analysts at investment bank UBS Warburg have already trimmed their rating of Easyjet shares but said it still rated Easyjet stock a “buy”.
However, despite these warnings the carrier said that it was unusually placed to report a profit for the October to March period. (MB)
The airline also revealed that it was reassessing the book value of its holding in the Airline Group, the firm which has taken over the running of Britain’s air traffic control business, Nats.
Nats has reportedly received an emergency £60 million in funding to address revenue shortfalls stemming from the aviation crisis.
Analysts at investment bank UBS Warburg have already trimmed their rating of Easyjet shares but said it still rated Easyjet stock a “buy”.
However, despite these warnings the carrier said that it was unusually placed to report a profit for the October to March period. (MB)
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05 July 2002
Low cost airline numbers continue to grow
Low-cost airline partners Easyjet and Go have announced increases in passenger numbers for the month of June. Easyjet said it carried 958,857 passengers, an increase of 51.5% compared with last year, and 6% higher than in May, while Go reported a 71.8% increase in passenger number to 550,749.
Low cost airline numbers continue to grow
Low-cost airline partners Easyjet and Go have announced increases in passenger numbers for the month of June. Easyjet said it carried 958,857 passengers, an increase of 51.5% compared with last year, and 6% higher than in May, while Go reported a 71.8% increase in passenger number to 550,749.
16 May 2002
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".
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.
30 October 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.
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.
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.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
