EasyJet’s Stelios plans new rival airline September 26, 2011 easyJet founder Sir Stelios Haji-Ioannou is planning to launch a new airline called Fastjet in an apparent bid to create a rival to the orange-branded budget carrier. Sir Stelios informed easyJet’s board that he had already set up a website, www.fastjet.com, for the new airline, despite continuing to hold a 38 per cent stake in [...]
Stelios ramps up battle to oust Michels August 7, 2011 EASYJET founder and largest shareholder Sir Stelios Haji-Ioannou has ramped up his campaign to oust senior independent director Sir David Michels, who he claims has too much power and not enough accountability. Stelios, the owner of easyGroup and 37 per cent shareholder in easyJet, has written to the easyJet board to call for an emergency [...]
EasyJet soars after sky-high profit forecast July 22, 2011 Shares in budget airline EasyJet have soared 14 per cent as it said it expected to make up to £230m profit for the year. EasyJet said its revenues were up more than 23 per cent in the past three months compared with a year ago, to £935m, as 20 per cent more passengers travelled for [...]
EasyJet soars after sky-high profit forecast July 22, 2011 Shares in budget airline EasyJet have soared 14 per cent as it said it expected to make up to £230m profit for the year. EasyJet said its revenues were up more than 23 per cent in the past three months compared with a year ago, to £935m, as 20 per cent more passengers travelled for [...]
easyBus drives to first profit June 20, 2011 EasyBus, the low-cost travel business founded by Sir Stelios Haji-Ioannou, has posted its first annual profit since it was founded eight years ago. The bus operator, established in 2003 and part of Sir Stelios’s easyGroup venture, reported post-tax profits of £1.4m in the year to 30 September 2010, compared with a loss of £1.5m the [...]
easyBus drives to first profit June 20, 2011 EasyBus, the low-cost travel business founded by Sir Stelios Haji-Ioannou, has posted its first annual profit since it was founded eight years ago. The bus operator, established in 2003 and part of Sir Stelios’s easyGroup venture, reported post-tax profits of £1.4m in the year to 30 September 2010, compared with a loss of £1.5m the [...]
BEST OF THE BROKERS October 12, 2010 EASYJET EasyJet’s new brand licence is positive for shareholders, believes Citigroup, which gives the stock a “buy” rating. The broker says the agreement ends the legal dispute between easyJet and easyGroup, addresses the governance issues and the ancillary activities are no longer confined to 25 per cent of revenue, all positive for investors. AXA Nomura [...]
Stelios ends brand dispute with easyJet October 11, 2010 EASYJET celebrated yesterday after settling a bitter court battle with founder Sir Stelios Haji-Ioannou that will see it hold on to the orange “easy” branding in a deal that is expected to net Stelios more than £80m in royalties over the next ten years. The four-month dispute ended after the two sides agreed a revised [...]
Even without a runway, airlines set for take-off September 27, 2010 BAA’s Sir Nigel Rudd grabbed headlines last week by denouncing the ban on a third runway at Heathrow, claiming it would make the facility a “second-tier airport”. His comments followed an update from the International Air Transport Association (IATA) that forecast a likely 2010 profit of $8.9bn for the global aviation industry – excepting Europe, [...]
Budget airlines fly a higher number of August passengers September 6, 2010 A HIGHER number of travellers are turning to budget airlines easyJet and Ryanair according to August passenger figures published by the two carriers yesterday. The figures indicate a general move by air passengers towards low cost airlines, as each posted an increase in passenger numbers last month. EasyJet said yesterday that it carried 5.2m passengers [...]