EasyJet Summer Bookings Build; Airline Redeploys Israel Service [BNN Bloomberg (Canada)]
EASYJET PLC S/ADR (ESYJY)
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Source: BNN Bloomberg
to Israel after the Middle-East conflict forced the budget carrier to suspend that service. The low-cost carrier reduced its winter losses by more than £50 million ($62.4 million) year-on-year, with the headline loss before tax set to be between £340 million to £360 million for the six months ended March, it said on Thursday in a trading update. EasyJet has redistributed its capacity this summer from Israel to other parts of its network, and said that the fallout from the regional conflict has led to a direct impact of £40 million in the first half of the year. The company announced on Tuesday it had canceled flights to Tel Aviv for the remainder of the summer season through Oct. 27. With an all-Airbus SE fleet carrying engines by CFM International Inc., EasyJet has managed to avoid major supply chain challenges unlike its rivals. Ryanair Holdings Plc has suffered delivery delays of new Boeing Co. Max jets while Wizz Air Holdings Plc faces plane groundings because of Pratt & Whi
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News
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- Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continue [Fortune]Fortune
- The summer's looking bright for budget airline easyJet as bookings grow, losses narrow and its Israel service is repurposed [Fortune]Fortune
- Flights cancelled in parts of UK, power outages in Ireland due to storm [Reuters]Reuters
- PRESS DIGEST-British Business - March 26 [Yahoo! Finance]Yahoo! Finance