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30/10/2001
EasyJet looks to expand services from Belfast
Low fares airline EasyJet has announced that it plans to build on its existing routes from Belfast to London after posting a healthy increase in profits.
EasyJet’s preliminary results for the year ended 30 September 2001 show pre-tax profits rose 82 per cent to £40.1 million and revenues were up 35 per cent to £356.9 million.
Chief Executive Ray Webster said its Northern Ireland operations had been a major contributor to EasyJet’s success. Last year the carrier more than doubled the number of seats out of Belfast to 37,000 per week in the past 12 months by introducing two new domestic and one international route.
Mr Webster said: “We believe EasyJet is in a strong position to capitalise on the downsizing of other carriers’ networks. While some other airlines are announcing job losses and fleet capacity reductions, we look forward to hiring additional staff to deliver planned growth.”
However he added: “These are still very early days since the New York and Washington attacks, and all airlines are till learning about the changed European environment. We are cautiously optimistic about the trading environment, and believe that our business model is robust and able to operate within whatever security regime exists in Europe.”
The airline is reported to be looking into expanding its services from Belfast to London Heathrow, Paris Orly, Glasgow and Luton.
The company also announced that it plans to issue shares to raise £90 million in order to fund new routes. EasyJet chairman Stelios Haji-Ioannou also plans to reduce his stake in the firm by selling 13 million shares, thought to be worth around £40 million. (AMcE)
EasyJet’s preliminary results for the year ended 30 September 2001 show pre-tax profits rose 82 per cent to £40.1 million and revenues were up 35 per cent to £356.9 million.
Chief Executive Ray Webster said its Northern Ireland operations had been a major contributor to EasyJet’s success. Last year the carrier more than doubled the number of seats out of Belfast to 37,000 per week in the past 12 months by introducing two new domestic and one international route.
Mr Webster said: “We believe EasyJet is in a strong position to capitalise on the downsizing of other carriers’ networks. While some other airlines are announcing job losses and fleet capacity reductions, we look forward to hiring additional staff to deliver planned growth.”
However he added: “These are still very early days since the New York and Washington attacks, and all airlines are till learning about the changed European environment. We are cautiously optimistic about the trading environment, and believe that our business model is robust and able to operate within whatever security regime exists in Europe.”
The airline is reported to be looking into expanding its services from Belfast to London Heathrow, Paris Orly, Glasgow and Luton.
The company also announced that it plans to issue shares to raise £90 million in order to fund new routes. EasyJet chairman Stelios Haji-Ioannou also plans to reduce his stake in the firm by selling 13 million shares, thought to be worth around £40 million. (AMcE)
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16 May 2002
easyJet aquire rival Go for £374 million
Low-cost airline easyJet has bought over rival airline Go for £374 million. Chairman of easyJet Stelios Haji-Ioannou described the purchase of the airline – owned by private equity company 3i – as "one of the most exciting developments in easyJet's history".
easyJet aquire rival Go for £374 million
Low-cost airline easyJet has bought over rival airline Go for £374 million. Chairman of easyJet Stelios Haji-Ioannou described the purchase of the airline – owned by private equity company 3i – as "one of the most exciting developments in easyJet's history".
06 November 2009
BA Losses Lead To Job Cuts
British Airways has announced plans to cut and extra 1,200 jobs, after reporting a pre-tax loss of £292 million for the six months of the year until September 2009.
BA Losses Lead To Job Cuts
British Airways has announced plans to cut and extra 1,200 jobs, after reporting a pre-tax loss of £292 million for the six months of the year until September 2009.
16 October 2009
Airline Makes 'Easymove' To City
Two so-called no frills airlines are to go head-to-head next year with news that Easyjet is to move one of its busiest routes from Belfast International Airport to the George Best Belfast City Airport. The orange and white brightly-liveried planes will operate a twice-daily service to London Luton from 7the January next year.
Airline Makes 'Easymove' To City
Two so-called no frills airlines are to go head-to-head next year with news that Easyjet is to move one of its busiest routes from Belfast International Airport to the George Best Belfast City Airport. The orange and white brightly-liveried planes will operate a twice-daily service to London Luton from 7the January next year.
24 July 2001
EasyJet to expand range of Belfast destinations
Economy airline company easyJet has revealed plans to expand the range of destinations on offer from Belfast which could see the introduction of a direct service to Paris and Malaga.
EasyJet to expand range of Belfast destinations
Economy airline company easyJet has revealed plans to expand the range of destinations on offer from Belfast which could see the introduction of a direct service to Paris and Malaga.
06 August 2001
British Airways perform to expectations
British Airways have announced a pre-tax profit of £40 million compared to a loss of £50 million in the same quarter last year, for the three months to June. The upsurge in profits was boosted by the £100 million profit British Airways made when it sold its no-frills airline Go in June this year.
British Airways perform to expectations
British Airways have announced a pre-tax profit of £40 million compared to a loss of £50 million in the same quarter last year, for the three months to June. The upsurge in profits was boosted by the £100 million profit British Airways made when it sold its no-frills airline Go in June this year.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
