Menu
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)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
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".
17 May 2005
Easyjet chief executive to step down
Easyjet has announced that chief executive Ray Webster is to step down after ten years with the company. Mr Webster described his time with Easyjet as the “highlight” of his long career in the airline business, but admitted that he had to make “some personal costs”.
Easyjet chief executive to step down
Easyjet has announced that chief executive Ray Webster is to step down after ten years with the company. Mr Webster described his time with Easyjet as the “highlight” of his long career in the airline business, but admitted that he had to make “some personal costs”.
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.
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.
-
Northern Ireland WeatherThis Evening and Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
