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☆ EasyJet is on track to deliver strong shareholder returns, CEO says
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEasyJet is on track to deliver strong shareholder returns, CEO saysJohan Lundgren, CEO of easyJet, predicts that consumers will spend more on holidays in 2024 than they did this year.

Persons: Johan Lundgren

☆ He wanted to be a trombone player. Instead, he ended up as CEO of one of the world's biggest airlines.
▼ + stars: | 2023-11-26 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.

Persons: Johan Lundgren, He's, Lundgren, —, Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP

☆ UK's easyJet agrees deal with Airbus to expand fleet beyond 2028
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

An easyJet Airbus A320neo aircraft is parked on the tarmac of Adolfo Suarez Madrid-Barajas Airport, in Madrid, Spain, June 22 2022. REUTERS/Isabel Infantes/File photo Acquire Licensing RightsLONDON, Oct 12 (Reuters) - British airline easyJet (EZJ.L) said on Thursday it had reached a proposed deal with Airbus to expand its fleet by up to 257 additional aircraft, plotting its growth beyond 2028, with bigger and more fuel efficient planes. EasyJet announced the order after forecasting annual profit of 440 million to 460 million pounds ($542-$567 million), and said it would restart its dividend, signalling that its recovery from the pandemic was now in full flow. The airline said the terms of the deal with Airbus were attractive and it gave the airline certainty of aircraft supply. EasyJet, which only flies Airbus planes, said it considered Boeing as part of a competitive process.

Persons: Adolfo Suarez, Isabel Infantes, EasyJet, Johan Lundgren, Bernstein, Alex Irving, Irving, Stelios Haji, Ioannou, Sarah Young, Paul Sandle Organizations: Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, Europe's, Ryanair, British Airways, Boeing, Thomson Locations: Madrid, Spain

An easyJet Airbus A320neo aircraft is parked on the tarmac of Adolfo Suarez Madrid-Barajas Airport, in Madrid, Spain, June 22 2022. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsCompanies Easyjet PLC FollowLONDON, Sept 6 (Reuters) - Decarbonisation efforts in the aviation sector will cost more money, but that cost should not fall to the consumer, easyJet Chief Executive Johan Lundgren said on Wednesday. He added that options to decarbonise, like creating sustainable aviation fuels, are not yet at scale and cost three to five times more than typical jet fuel. Lundgren also said a wide range of stakeholders including governments needed to chip in to ensure decarbonisation costs remain low. A lot of the cost will depend on the speed of innovation, which Lundgren is hopeful can mitigate price hikes.

Persons: Adolfo Suarez, Isabel Infantes, Johan Lundgren, Lundgren, Sarah Young, Joanna Plucinska, Sachin Ravikumar, William James, Mark Heinrich Our Organizations: Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, Reuters IMPACT, Reuters, Thomson Locations: Madrid, Spain, London

☆ Extreme heat in the Mediterranean could dent tourist bookings in future
▼ + stars: | 2023-07-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

“This can be attributed to travelers seeking out less crowded destinations, and milder temperatures,” the association said. This summer’s extreme temperatures follow blistering heat last year. Meanwhile, online searches for northern European destinations increased by 3 percentage points to hit 10%. Southern Europe still popular with BritsDespite rocketing temperatures, countries in southern Europe are still the go-to spots for many vacationers. Spain, Greece and Turkey are still “by far the most popular [destinations],” he said, which hasn’t “changed at all.”— Barbie Latza Nadeau and Chris Liakos contributed reporting.

Persons: Angelos Tzortzinis, Olivier Ponti, ”, —, Johan Lundgren, Giuseppe Napolitano, Thomas Cook, Sean Tipton, hasn’t “, ” — Barbie Latza Nadeau, Chris Liakos Organizations: London CNN —, European Travel Commission, Tourism Council, Tourists, CNN, European Space Agency, ESA, British, Med Locations: London CNN — Spain, Italy, Europe, Brussels, Spain, France, Croatia, Greece, Czech Republic, Bulgaria, Ireland, Denmark, Athens, United Kingdom, Rome, Nicosia, Cyprus, Catania, Sicily, Southern Europe, Turkey

☆ EasyJet reports record Q3 results on back of summer travel demand
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 20 (Reuters) - Britain's easyJet (EZJ.L) posted a record pretax profit of 203 million pounds ($262.5 million) for its third quarter, above analysts' forecasts, on the back of an ongoing rebound in summer travel demand and limited disruption despite ongoing strikes. The airline said it also expected to report record pretax profit for its fourth quarter, the July to September period, as costs per seat flattened with oil prices stabilizing. However easyJet's CEO Johan Lundgren warned about the potential impact of limited airspace availability and air traffic control strikes in Europe. EasyJet holidays also saw bookings more than double year-on-year for the winter. ($1 = 0.7734 pounds)Reporting by Joanna Plucinska and Paul Sandle; Editing by Sarah Young and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Johan Lundgren, Lundgren, Joanna Plucinska, Paul Sandle, Sarah Young, Jan Harvey Organizations: Airlines, Thomson Locations: Europe

☆ Pent-up demand promises record tourist season for southern Europe
▼ + stars: | 2023-05-19 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

What's more, there appears to be growing demand for the luxury end of the spectrum. Portugal registered more than 2.8 million of foreign visitors from January to March, the best first quarter on record, according to official data. Airlines such as Lufthansa, easyJet and Ryanair have confirmed robust summer bookings while Ryanair, in anticipation of strong demand, has just ordered 150 new 737 Max-10s and optioned another 150. Italian travel and tourism company Alpitour forecasts turnover 30% higher this year. "We already see a very strong demand to book Christmas holidays in 2023.

Strikes have rolled through France, Portugal, Britain and Germany in recent weeks and could cause air travel disruption in parts of Europe through the Easter holidays, officials at airlines, airports and air traffic authorities told Reuters. There's no doubt about it," said Steven Moore, who is in charge of air traffic management operations at Eurocontrol. Airlines say they have to pay compensation without themselves getting compensated for air traffic delays. Consumer groups say air traffic control strikes are not new and airlines should be quicker to react and pay compensation. He called last week on the European Commission to do more to stop such strikes hitting overflights, by introducing minimum service rules, though industry experts say strikes are a national issue.

☆ Strong bookings put EasyJet on path to full-year profit
▼ + stars: | 2023-01-25 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

LONDON, Jan 25 (Reuters) - EasyJet (EZJ.L) on Wednesday said it expected to beat current market expectations for 2023 based on the strength of bookings into summer and was set to deliver a full-year profit, fueling cautious optimism for an aviation sector set on recovery. EasyJet Holidays also upgraded expectations from 30% customer growth to around 50% year-on-year and said the airline had almost 50% more customers than last year. Ryanair (RYA.I), Europe's biggest airline and a low-cost competitor for easyJet, said earlier this month it was expecting a very strong summer season with a reasonable prospect of average European short-haul air fares rising by a high single digit percentage. "Airline reporting season starts optimistically, and we expect easyJet to be the first of several strong prints. Earlier guidance looks overly cautious and numbers will need to come up," Bernstein analyst Alex Irving said in a research note.

☆ Strong bookings put easyJet on path to full-year profit
▼ + stars: | 2023-01-25 | by ( Joanna Plucinska | ) www.reuters.com time to read: +2 min

☆ UK airline easyJet says holiday demand holding up
▼ + stars: | 2022-11-29 | by ( Sarah Young | ) www.reuters.com time to read: +3 min

The outlook could give investors confidence that holiday bookings can hold up despite the growing pressure on household budgets from high inflation, energy prices and rising mortgage rates. Historically demand for flights has tended to track economic growth and easyJet's biggest market, Britain, is already in recession. For the current winter period, the airline said Christmas ticket yields were up about 18% amid strong demand for travel. "EasyJet does well in tough times," Chief Executive Johan Lundgren said in a statement on Tuesday. ($1 = 0.8341 pounds)Reporting by Sarah Young, Editing by Paul Sandle and Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ easyJet says demand holding up for this winter, next summer
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 13 (Reuters) - British airline easyJet (EZJ.L) said bookings for the coming months were progressing well, as travel demand holds up for this winter and next summer despite the squeeze on consumer spending due to economic headwinds. EasyJet said ticket sales for Britain's October school holiday and the Christmas week exceeded pre-pandemic levels and it expected to fly 20 million seats in the three months to the end of December, up 30% compared to last year. EasyJet also said that it was already seeing demand for next summer, giving it confidence despite the rising cost of living. "We face the uncertain macro-economic environment with many strengths," chief executive Johan Lundgren said. ($1 = 0.9020 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sarah Young, Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ EasyJet gives carbon offset reform a handy shove
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

An EasyJet Airbus aircraft takes off from the southern runway at Gatwick Airport in Crawley, Britain, August 25, 2021. REUTERS/Peter NichollsLONDON, Sept 27 (Reuters Breakingviews) - EasyJet’s (EZJ.L) latest statement on climate change may end up being quite useful. Chief Executive Johan Lundgren’s stance reflects a burgeoning trend which has seen regulators and industry groups move from setting net zero targets to scrutinising them. EasyJet will instead invest in new technology to cut emissions, including zero carbon-emitting aircraft and carbon capture technology. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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