Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Easyjet"


21 mentions found


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.
The blue-chip FTSE 100 (.FTSE) was up 0.6%, hitting its highest since Aug. 26, while the domestically-focused FTSE 250 midcap index (.FTMC) was flat. World markets were rattled on Monday as protests against strict COVID-19 restrictions flared up in major Chinese cities over the weekend. Base metal miners (.FTNMX551020) climbed 2.8%, touching three-month highs, as prices rebounded on support for the property sector in top metals consumer China. Heavyweight energy stocks (.FTNMX601010) rose 1.4% as oil prices climbed on hopes of China easing its COVID controls. Reporting by Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Rolls-Royce successfully tests hydrogen-powered jet engine
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 28 (Reuters) - Britain's Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonising air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal power, the British company said on Monday. They said they were already planning a second set of tests, with a longer-term ambition to carry out flight tests. Planemaker Airbus is working with French-U.S. engine maker CFM International to test hydrogen propulsion technology. Other technologies backed by companies such as Rolls-Royce include electric engines, which would be initially suitable for short flights, and sustainable aviation fuel (SAF).
EasyJet calls on over-45s to fill cabin crew vacancies
  + stars: | 2022-11-23 | by ( ) www.reuters.com   time to read: +2 min
[1/2] An Easyjet aircraft approaches Josep Tarradellas Barcelona - El Prat airport the day before a cabin crew strike, while it passes next to a Stop traffic sign, near Barcelona, Spain, June 30, 2022. The UK-based airline said it was encouraging adults aged 45 and over to train as cabin crew, building on the 27% rise it has already seen in that age group for crew since 2018. EasyJet said a crew recruitment programme some months ago had over 18,000 applications for about 2,000 roles, but it was still looking for more workers. The cabin crew role would be ideal for people whose children have left home, who have customer service skills and are looking for a new challenge, said the airline. "This campaign is about challenging stereotypes about the job and showing that being cabin crew can be a job for anyone with the right skills, no matter what their age," easyJet's director of cabin services Michael Brown said in an email.
ITA Airways to expand fleet with 39 new aircraft in 2023
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +1 min
ROME, Nov 11 (Reuters) - ITA Airways will next year refresh its fleet with 39 new aircraft, allowing it to serve more long-distance destinations, the state-owned successor to Alitalia said on Friday. ITA "has underwritten all the commitments for increasing the fleet in 2023, next year 39 new generation aircraft will enter into service" including nine wide-bodied Airbus A330-900, the company said in a statement. Older aircraft will discontinue service, ITA said, stating that the upgrade will mean a 73% increase in the ASK (available seat kilometre) metric, measuring passenger carrying capacity. By the end of 2023, ITA said it will have 96 planes, half of which will be new, including the single-aisle A321Neo. ITA was established in late 2020 from the ashes of bankrupt Alitalia, and has yet to turn a profit.
DUBLIN, Nov 7 (Reuters) - Ryanair (RYA.I) on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet (EZJ.L) and Wizz (WIZZ.L) takeover targets. "Europe is inexorably moving towards a similar out-turn as North America where you will have three very large, somewhat higher cost, high-fare connecting carriers, and one very large low cost carrier" in Ryanair, O'Leary said. Wizz chief executive Jozsef Varadi, who has always maintained his cost base is comparable to Ryanair's, last week said he did not see his airline as a takeover target. But he said the British airline was being forced by Ryanair to retreat in other markets like Italy and Portugal. Wizz, O'Leary said, was making progress with expansion in the Middle East but was retreating in the face of Ryanair expansion in some parts of its core central and eastern Europe region.
Ryanair is booming as flyers ditch pricier airlines
  + stars: | 2022-11-07 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
The low-cost carrier posted its highest ever half-year profit on Monday, earning €1.37 billion ($1.36 billion) for the six months through September. That beat its previous record high of €1.15 billion ($1.14 billion) in 2019. It carried 95.1 million passengers during the period, up from 39.1 million a year ago. The strong earnings mean the company will reverse pandemic pay cuts for over 90% of its pilots and cabin crew from next month — earlier than planned. “These long-term pay agreements with the vast majority of our people have now delivered fully restored pay 28 months earlier than previously agreed,” O’Leary said.
London CNN Business —A winter vacation package that claimed it could save Brits more than £200 ($229) on their soaring bills for rent, food and fuel sold out within 24 hours this week. EasyJet (ESYJY) holidays, owned by low-cost British airline EasyJet (ESYJY), launched its 28-day “Escape the UK” vacation package to Hurghada, Egypt, on Monday, pitching it to consumers who work remotely. Brits are also struggling to keep the lights on as their energy bills have soared. But Brits who’ve booked onto the vacation package won’t necessarily save money, Sarah Coles, personal finance analyst at Hargreaves Lansdown, told CNN Business. Coles added that household energy bills include a standing charge, which must be paid even if no energy is used.
An Easyjet flight had a "near miss" with an "unidentified flying object," according to a new report. The pilot said the plane missed the unmanned flying object by around 10 feet. A report by the UK Airprox Board said the object was likely a drone. A National Air Traffic Services investigation report said the pilot first reported the incident over the radio during the flight. After landing the flight the pilot confirmed the plane had not made contact with the drone and the thud likely came from the cabin, per the report.
SummarySummary Companies Ryanair sees mid to high single-digit fare growthO'Leary says travel demand supported by high savingsBERLIN, Oct 13 (Reuters) - Ryanair's (RYA.I) bookings for the autumn mid-term and Christmas holidays are ahead of pre-COVID levels and it sees average fares rising by more than expected for the financial year to end-March, Chief Executive Michael O'Leary said on Thursday. "At the moment they (bookings) are surprisingly strong, we thought they would begin to ease off but actually forward bookings into the mid-term and into Christmas are stronger in terms of volume and pricing than they were pre-COVID," O'Leary said in an interview. "But so far everything seems to indicate that people are switching to the lowest cost airline and in all markets that's Ryanair," he said. It expects to fly 166.5 million passengers in the year to the end of March, significantly ahead of its previous annual record of 149 million reached before the pandemic brought the travel industry to a standstill. Register now for FREE unlimited access to Reuters.com RegisterReporting by Klaus Lauer, Writing by Padraic Halpin in Dublin; Editing by Mark Potter and Emelia Sithole-MatariseOur 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.
SummarySummary Companies FTSE 100 on longest losing streak since July 2019Taylor Wimpey down on ex-dividend tradingHousing stocks hover at near decade-lowsFTSE 100 down 0.5%, FTSE 250 off 0.1%Oct 13 (Reuters) - UK's FTSE 100 extended its losing run to a seventh straight session on Thursday, as homebuilders took a fresh hit after data showed slowing house prices, while investors were cautious ahead of U.S. inflation data later in the day. The blue-chip FTSE 100 index (.FTSE) fell 0.5%, setting it up for its longest losing streak since July 2019. The midcap FTSE 250 (.FTMC) slipped 0.1% to hold near May 2020 lows. "Add to that all the confidence issues about the direction of fiscal and monetary policies (and) it's a pretty poisonous combination." read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Sruthi Shankar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
While today's technology doesn't allow for battery-powered long-range airliners, plenty of companies are working on short- and medium-range electric aircraft. The global market for electric aircraft is estimated to have reached $7.9 billion in 2021, according to market research company MarketsandMarkets. It's projected to reach $27.7 billion by 2030, and building the batteries to power those aircraft could be a billion-dollar market by 2030. Electric Power SystemsCEO: Nathan MillecamHQ: North Logan, UtahNASA's X-57 Maxwell, meant to prove the potential of electric flight, uses Epic batteries built by Electric Power Systems. Those lithium-ion cells need to become more efficient, however, for Eviation to reach its goal of flying hundreds of miles on only electric power.
Singapore air cargo deal elevates its hub status
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, Sept 29 (Reuters Breakingviews) - Singapore is boosting its hub status as global recession fears loom. Aviation services group SATS (SATS.SI) is acquiring the world’s largest air cargo logistics provider for $2.2 billion from U.S. buyout firm Cerberus. The deal could ultimately lift trade flows through Singapore where aviation contributes more than 5% of GDP. SATS is part of the city-state’s industry trinity that includes its former parent Singapore Airlines (SIAL.SI) and Changi Airport. As global cargo activity nears pre-pandemic levels, Singapore is providing a strategic home to an asset that’s passed through multiple financial owners.
Italy’s loafer king can afford to be more generous
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Sept 29 (Reuters Breakingviews) - Tod’s (TOD.MI) founder Diego Della Valle is seeking to delist his bling shoemaker on the cheap. The Italian tycoon on Monday launched a takeover bid at 40 euros a share for the company he controls with a 65% stake. Investor Tabor Asset Management believes that, taken separately, the Italian group’s brands warrant an offer of at least 76 euros a share. That would push the price tag to 60 euros a share, 50% above the current offer, Breakingviews calculations show. With so much hidden value to reap, Della Valle can probably afford to be a tad more generous.
Beijing’s property bandage fails to staunch blood
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Sept 29 (Reuters Breakingviews) - Another day, another Chinese property market selloff. Hong Kong-listed CIFI (0884.HK) on Wednesday confirmed that it defaulted on an onshore trust loan linked to a property development, blaming slow sales. By the next morning, panicked investors had already wiped out half of CIFI’s market value, some $765 million. The stronger parts of the property market are weakening, and fast. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Apple tests idea of discretionary spending
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Sept 28 (Reuters Breakingviews) - Apple (AAPL.O) may learn that its moat isn’t as wide during times of high inflation. When wallets are pinched, a new iPhone probably isn’t a must-have. As other currencies have weakened relative to the dollar, Apple has had to raise prices to keep the cost steady relative to America. Already Apple’s share of the global smartphone market has declined sharply to 16% in the second quarter from 23% penetration in the fourth quarter last year, according to research firm IDC. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Blackstone’s Schwarzman kickstarts UK asset grab
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Sept 28 (Reuters Breakingviews) - Britain’s currency crisis may have an upside after all – at least for foreign investors. Blackstone’s (BX.N) Steve Schwarzman is paying 80 million pounds for 17th-century country estate Conholt Park, the City A.M. newspaper reported. But it’s exactly the kind of purchase that will make more sense the lower the pound goes. And to the extent that future cash flows are denominated in dollars or euros, the sterling purchase price should rise. U.S. investors just bought Chelsea soccer club, while Saudi Arabia’s sovereign wealth fund last year swooped on rival Newcastle United.
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.
LONDON, July 18 (Reuters) - Flights to and from Britain's London Luton airport were temporarily disrupted on Monday after soaring temperatures caused a defect in its runway, prompting airlines to delay or divert their planes. read moreThe airport said its runway had reopened at 1705 GMT, after earlier suspending flights at 1522 GMT. Some 14 flights due to land at Luton were diverted to other airports including Gatwick and Stansted on Monday afternoon, according to FlightRadar24 data. That total included 14 Wizz flights heading to European holiday destinations including Tenerife and Dubrovnik, and 16 EasyJet arrivals. A spokesperson for Ryanair said it had not cancelled any flights to or from Luton, but had diverted a small number to London Stansted Airport due to the runway defect.
Capitala germanăface pregătiri pentru deschiderea, de la mijlocul lui decembrie, a şase centre de vaccinare în masă, capabile să primească până la 4.000 de persoane pe zi, a declarat joi pentru agenţia Reuters coordonatorul proiectului, Albrecht Broemme, în aşteptarea autorizării primelor vaccinuri.Un pavilion expoziţional gol, două terminale de aeroport, o sală de concerte, un velodrom şi un patinoar vor fi transformate în şase centre de vaccinare unde se plănuieşte administrarea a până la 90.000 de doze de vaccin în primele trei luni.Albrecht Broemme a precizat că se intenţionează ca, zilnic, între 3.000 şi 4.000 de persoane să treacă prin fiecare din aceste centre, în acelaşi fel în care clienţii sunt ghidaţi prin magazinele IKEA într-o singură direcţie. 'Cea mai mare provocare va fi să reuşim să aducem oamenii potriviţi, la momentul potrivit, la centrul de vaccinare potrivit', a afirmat Broemme, cu ocazia unui exerciţiu de incendiu la spitalul COVID-19 amenajat într-un pavilion expoziţional.Centrele de vaccinare de la Berlin vor fi deschise şapte zile pe săptămână, inclusiv de sărbătorile publice, între orele 09-19.00, a menţionat coordonatorul, precizând că obiectivul este de a încheia prima fază în interval de trei luni. După aceasta, oamenii vor fi vaccinaţi la cabinetele medicilor şi în farmacii.Se aşteaptă ca persoanele de peste 75 de ani şi lucrătorii din sănătate să fie cei vaccinaţi primii.O provocare va fi găsirea de personal suficient care să opereze aceste centre, care vor avea nevoie de cadre medicale, stewarzi şi personal de securitate. Compania EasyJet s-a oferit să pună la dispoziţie o parte din personalul său instruit pentru prim-ajutor, a declarat un purtător de cuvânt.Conform coordonatorului, fiecare persoană ar urma să petreacă în jur de o oră în centrul respectiv. Persoanele vaccinate vor fi monitorizate timp de 30 de minute pentru efecte secundare după administrare, care va avea loc în condiţii stricte de distanţare fizică şi de igienă.Potrivit lui Broemme, Berlinul pleacă de la prezumţia că în jur de 80% din primele doze vor veni de la Pfizer /BioNTech, iar restul de circa 20% de la AstraZeneca.Conform ministrului sănătăţii, Jens Spahn,În alte landuri, centre de vaccinare vor fi gata la mijlocul lui decembrie, iar celor mai vulnerabili le va fi administrat vaccinul cu ajutorul unor echipe mobile.Germania pare a fi cea mai avansată dintre ţările europene în ce priveşte pregătirile logistice şi administrative dificile pentru începerea vaccinărilor, care s-ar putea afla doar la câteva săptămâni distanţă dacă primele vaccinuri vor primi autorizaţie.În, guvernul vrea să vaccineze o parte substanţială a populaţiei în prima jumătate a lui 2021 şi a optat pentru camioane, în locul unor centre speciale, pentru administrare.îşi propune să vaccineze majoritatea populaţiei până în septembrie viitor, planurile detaliate urmând să fie expuse pe 2 decembrie.a anunţat că îşi va prezenta strategia săptămâna viitoare şi că ar putea începe administrarea înainte de sfârşitul anului.În schimb,nu se aşteaptă să primească primele transporturi mai devreme de primăvară, scrie agerpres.ro.
Persons: Albrecht Broemme, Broemme, Compania EasyJet, Jens Spahn Organizations: IKEA, Compania Locations: Berlin, Broemme, Berlinul
Total: 21