EasyJet under pressure as Jet2 launches flights from Gatwick [Yahoo! Finance Canada]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance Canada
Jet2, based in Leeds and already a force at northern airports such as Manchester, will begin services from the London hub in March after securing scarce operating slots there. Steve Heapy, its chief executive, said flights from Gatwick will mark a “transformational next step in Jet2's ambitions”, opening up a market of 15 million people within an hour's travel. EasyJet shares fell 3pc in early trading following news of the plan, while Jet2 stock traded higher. The launch will establish Jet2 as a major operator at Gatwick, with the airport's chief executive, Pierre-Hugues Schmit, saying Jet2 will be the biggest new entrant at the airport this century. The arrival of Jet2 at Britain's second-busiest airport will represent a particular threat to easyJet's holiday business, which has become a key profit driver in recent years. While easyJet has been selling an increasing number of hotel and flight packages, Jet2 is by far the largest tour operator in the UK, with seven million
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- easyJet plc (ESYJY) Q4 2025 Earnings Call Prepared Remarks Transcript [Seeking Alpha]Seeking Alpha
- easyJet (OTCMKTS:ESYJY) had its "underweight" rating reaffirmed by analysts at JPMorgan Chase & Co..MarketBeat
- easyJet (OTCMKTS:ESYJY) was upgraded by analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating.MarketBeat
- EasyJet tops full-year profit expectations, issues confident outlook [Seeking Alpha]Seeking Alpha
- EasyJet Annual Profit Flies Higher Thanks To Holidaymakers [Barron's]Barrons