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easyJet

IATA Code
U2
ICAO Code
EZY
Corporate Address
Hangar 89, London Luton Airport,
Luton,
Befordshire,
LU2 9PF,
UK
Website
http://www.easyjet.com
Main hub
London Gatwick Airport
Country
United Kingdom
Business model
Low Cost Carrier
Network
Domestic | International
Airline Group
Part of EasyJet plc
Association Membership
ELFAA
Codeshare Partners
Transaero Airlines

Based at London Luton Airport, with its busiest hub at London Gatwick, easyJet was founded by Sir Stelios Haji-Ioannou in 1995. The carrier has experienced rapid growth since its establishment, expanding due to a combination of acquisitions and base openings triggered by consumer demand for low-cost air travel. Utilising a fleet of narrow-body Airbus and Boeing aircraft, easyJet operates an extensive network throughout Europe as well as to northern Africa and Israel. easyJet is listed on the London Stock Exchange under the ticker: EZJ.

Location of easyJet main hub (London Gatwick Airport)

easyJet share price

LCCs will continue to evolve into hybrids of the original core model. CAPA and OAG consider easyJet fits the LCC profile and it is included in our reporting on this basis. Please note: when reporting for an airline is changed from or to LCC the historical data is not affected and it can lead to a distortion in the current reported data. Contact us if you have any queries.


 
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1,974 total articles

and

207 total articles

and

Flybe is reborn with a return to profit after three years of losses. Now to consolidate

12-Jun-2014 7:00 PM

Announcing his first set of annual results as Flybe CEO, Saad Hammad declared that the airline had been "reborn" in FY2014. It was certainly a year of great significance in Flybe's 35 year history. The company returned to profit after three years of losses and successfully raised GBP150 million in fresh equity, avoiding what was starting to look like a looming bankruptcy and buying more time to complete its restructuring.

The return to profit was built on network rationalisation and a seat capacity reduction in the core Flybe UK airline. This was accompanied by a significant headcount reduction which led to lower costs. Load factors were driven up by the capacity cut and lower fares, leading to higher revenues per seat and a slight increase in total revenues. Losses were also reduced at Flybe Finland, the joint venture with Finnair.

Importantly, too, Mr Hammad and the rest of the new management team seem to be bringing about a cultural change in Flybe, with a brand re-launch and his talk of 'Purple Power'.

EasyJet narrows its winter losses as it attracts more business travellers

14-May-2014 5:35 PM

The airline business is a seasonal one and European airlines tend to lose money in the winter. EasyJet is no exception in this respect, but it has again narrowed its winter loss in 1HFY2014. With targeted capacity growth, it increased its revenue per seat faster than cost per seat.

Revenue per seat was also helped by a growing number of passengers flying for business purposes. On a rolling 12 month basis, easyJet said that it carried 12 million business travellers in the year to Mar-2014, around 20% of total passenger numbers. Since it started to target business passengers in 2010, the number has grown by 44%, demonstrating what can be achieved without having a business class cabin.

Competitor capacity growth is accelerating this summer and easyJet will see its own growth accelerated by the inclusion of Gatwick slots acquired from Flybe. This may lead to some downward pressure on yields, although the strength of its network and product features such as allocated seating may mitigate this. Certainly, narrower winter losses place it well for another year of healthy growth in profit.

easyJet lassos London Gatwick and Luton airports with long term deals

2-Apr-2014 6:09 PM

easyJet has recently concluded long term deals with Gatwick and Luton airports, its two largest London bases. The Gatwick deal follows a change in economic regulation that encourages a more tailored approach and the Luton agreement follows a change of concession ownership and a commitment to capacity expansion.

Last year, easyJet reached a similar agreement with Stansted, which is no longer subject to economic regulation. easyJet also operates from Southend, the smallest London airport, albeit not under a long term contract.

easyJet's London airport deals give it both a high level of visibility over airport charges and real flexibility about where to deploy its capacity. It has thrown an effective lasso around the UK's capital, and now appears to have tightened its grip on the rope.

Israel’s air travel markets benefit from liberalisation, but El Al is losing out to LCCs: Part 1

1-Feb-2014 11:45 AM

Israel’s air travel market seems to be attracting attention. In recent weeks, there have been headlines about new routes from Vueling, TAROM, Arkia, Transavia, Jetairfly, Wizz Air, Yan Air, Med-View Airline, easyJet, Meridiana, Air Serbia and Air Onix; and increased frequencies by TAROM, Norwegian, easyJet, El Al, Alitalia, Lufthansa and airberlin.

Following the signing of an EU-Israel open skies agreement in 2012, a factor in increased services from the EU, countries including Russia, the Philippines and Kenya are also considering developing new air services agreements with Israel. In addition, a security-related restriction on Israeli carriers operating to Turkey (one of the few major aviation markets outside Western Europe and the US that has links to Israel) looks set to be lifted.

For a country of above average levels of wealth, as defined by GDP per capita, air travel penetration is also high, but lower than for other similarly wealthy nations. The Israeli market has generally seen healthy growth in recent years, but this has been uneven. Israel has significant potential for the airline industry, but its realisation will continue to be subject to politically-driven developments on traffic rights.

Vueling, Ryanair, easyJet square up and all surround Alitalia in Rome: the gladiators are back!

31-Jan-2014 8:00 PM

Rome Fiumicino, the larger of the two airports serving the Italian capital, is emerging as a key battleground for European LCCs, in addition to being the last stronghold of struggling Alitalia. Ryanair and Vueling will increase their competition in the Italian domestic market, while easyJet and Vueling will encounter each other more in international markets from Rome. All three will pose a growing threat to Alitalia.

On 24-Jan-2014, easyJet announced the launch of five further international routes from Fiumicino this summer, after launching routes to Prague and Nantes in Dec-2013. Its expansion plans will see its capacity in Rome Fiumicino grow by one third in 2014. This follows the establishment at Fiumicino of a Ryanair base in late 2013 and expansion plans announced by Vueling at the airport.

Is there room for all the LCCs? – Norwegian Air Shuttle, Monarch, Wizz Air, Pegasus, NIKI and Germanwings are also present at Fiumicino. Will Alitalia be able to withstand the ever growing competitive pressure? Recalling Roman gladiatorial combat of ancient times, this could be a fight to the death.

easyJet reports slower revenue growth in 1QFY2014 and predicts wider 1H loss

25-Jan-2014 11:00 PM

After growing its revenues by 11% in FY2013, easyJet managed further revenue growth in 1QFY2014 (Oct to Dec-2013), albeit at the slightly slower rate of 7.7%. Revenue per seat growth dropped from 7% in FY2013 to around 3% in 1QFY2014. The shift in the timing of Easter has prompted it to forecast a wider 1H loss, but this should not detract from an underlying solid performance. This is a seasonal business, but easyJet has managed to contain winter losses in recent years.

Nevertheless, the outlook for revenue per seat remains cautious. With load factors at consistently high levels, the scope for further growth will depend mainly on capacity. EasyJet and competitors look set to step up capacity growth in the summer schedule, although most of the legacy carriers are still cutting capacity or keeping growth low. This may increase downward pressure on easyJet's yields and unit revenues, increasing the need to continue to manage yields upwards by attracting business passengers, and developments such as allocated seating and improved website distribution.

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