Category Archives: easyJet (UK)

easyJet reports its financial results for six months ending on March 31, 2018

easyJet (UK) Airbus A320-214 WL G-EZON (msn 6605) LGW (SPA). Image: 941881.

easyJet plc issued this report:

Strong first half performance

  • The strength of easyJet’s network and customer proposition helped to deliver strong performance in the first six months of the financial year. This was supported by:
    • A positive trading environment and higher load factors across easyJet routes
    • Capacity reductions by other airlines in easyJet markets
    • The partial movement of Easter into the first half from the second half in 2017
  • Passenger numbers for the six months to 31 March 2018 increased by 3.0 million to 36.8 million, including 0.7 million from easyJet’s new Berlin Tegel operations launched in January
  • Capacity increased by 7.8% as easyJet grew its existing network by 4.6% and added an additional 1.2 million seats at Tegel. Load factor grew by 0.9 percentage points to 91.1% (91.9% excluding Tegel)
  • Total revenue increased by 19.5% to £2,183 million (H1 2017: £1,827 million). Total revenue per seat increased by 10.9% to £54.10 (H1 2017: £48.80), with an increase of 8.3% at constant currency(1). Ex-Tegel flying revenue per seat increased by 12% to £54.64 and by 9.5% at constant currency, at the upper end of previous guidance
  • easyJet’s business model and strategy are underpinned by sector leading balance sheet strength, with a net cash position at 31 March 2018 of £665m (31 March 2017: £353m)
  • Headline cost per seat excluding fuel increased by 2.2% to £43.11 (H1 2017: £42.18), and increased by 1.6% at constant currency (1.3% excluding Tegel), due to increased loads, inflationary costs and the impact of severe weather, offset by £66 million of cost savings
  • Headline profit before tax excluding Tegel was £8 million, a £220 million improvement on H1 2017 (H1 2017 loss £212m). Total headline loss before tax was £18 million, an improvement of £194 million. Total loss before tax of £68 million for the six months ended 31 March 2018 (H1 2017 loss £236m) principally reflecting non-headline costs associated with the one-off integration of Tegel operations and the sale and leaseback of ten A319 aircraft

Investing in the future

  • Following an update of its strategy, easyJet plans to invest in enhancing its propositions in holidays, business passengers, customer loyalty and data. This leverages easyJet’s existing strong business model, network, brand, cost base and data leadership
  • This, combined with easyJet’s rigorous approach to underlying cost control and plans to address increasing disruption cost, is expected to drive significant profit per seat improvement
  • As a result of its disciplined capital allocation and focus on maximising shareholder returns easyJet is also targeting to deliver increasing return on capital employed with a close focus on cash

Outlook

  • easyJet continues to implement its strategy of profitable growth to secure leading positions at primary airports and drive returns over the long term
  • Forward bookings are ahead of last year: at 80% for the third quarter and 57% for the second half
  • easyJet’s ex-Tegel capacity growth in the second half is forecast at circa 5% and revenue per seat at constant currency growth in the second half is expected to be slightly positive, reflecting more disciplined market capacity growth offsetting the negative impact of the partial movement of Easter into the first half
  • Full year headline cost per seat excluding fuel at constant currency (assuming normal levels of disruption in H2) is expected to increase by c.2%. This includes the impact of severe disruption incurred in the first half and expected employee incentive payments due to our strong profit and operational improvement
  • At Tegel we now expect to deliver a combined headline and non-headline impact that is within the £160 million previously guided. Headline loss before tax is expected to increase to between £75 million and £95 million, due to a higher fuel price, additional regulated security and noise tax charges and lower gauge wet lease aircraft than planned, as well as the potential risk of lower revenue from our finalised schedule. One-off non-headline costs are now expected to be significantly better than previously guided at around £60 million due primarily to savings in aircraft lease costs and better execution of crew and fleet transition
  • easyJet currently expects headline profit before tax for the financial year to 30 September 2018, including the impact of the Headline loss from Tegel, to be in the range of £530 million to £580 million
  • Capital expenditure for the financial year to 30 September 2018, including the investment in Tegel, is expected to remain in line with previous guidance at £1.2bn

Top Copyright Photo: easyJet (UK) Airbus A320-214 WL G-EZON (msn 6605) LGW (SPA). Image: 941881.

easyJet (UK) aircraft slide show:

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easyJet celebrates a decade of flying from Jersey

easyJet (easyJet.com) (UK) Airbus A319-111 G-EZBE (msn 2884) BSL (Paul Bannwarth). Image: 934538.

easyJet launched its first flight between Jersey and London Luton in March 2008.

The airline has carried over two million customers to and from Jersey in the last decade and over 600,000 in the last 12 months alone. easyJet’s capacity at Jersey is expected to grow around 9% this summer.

easyJet is also celebrating the first flight between Edinburgh and Jersey this weekend.

easyJet, Europe’s leading airline, is celebrating ten years of flying to and from Jersey, serving customers in Jersey with direct connections to key UK cities and providing customers all around the UK with the opportunity to experience the variety that the island of Jersey has to offer.

easyJet launched the very first flight to Jersey on March 20, 2008 from London Luton and since then the airline’s services to and from the island have continued to grow. Just 10 days after the Luton inauguration the airline launched direct flights from Liverpool and over the last decade has expanded its network offering, adding services between Glasgow (2011), London Southend (2012), Newcastle (2013) and London Gatwick and Belfast in 2014.

In January 2018 the airline put seats on sale on between Jersey and Edinburgh for the very first time, with the inaugural flight due to depart from Edinburgh this Saturday, March 31. The route will operate twice a week on Tuesdays and Saturdays throughout the summer season, with fares starting from £30.74.*

easyJet operates eight routes and over 132 flights a week during peak summer, flying over 600,000 passengers to and from Jersey across its UK network each year.

Copyright Photo: easyJet (easyJet.com) (UK) Airbus A319-111 G-EZBE (msn 2884) BSL (Paul Bannwarth). Image: 934538.

easyJet (UK) aircraft slide show:

easyJet extends ‘Worldwide by easyJet’ to seven airports and adds new connections airline partners

easyJet has announced that it is extending its ‘Worldwide by easyJet’ connections platform to Berlin Tegel, Venice Marco Polo, Amsterdam Schiphol, Paris Charles De Gaulle and Orly and Edinburgh airports. This means that, combined with the connections already announced through London Gatwick and Milan Malpensa, over half of the airline’s flights – and 53 million easyJet customers a year – will be able to connect to airline partner services and other easyJet flights in a single booking through easyJet’s digital booking portal.

easyJet has also brought new connecting airlines onto the ‘Worldwide by easyJet’ booking platform and has also announced partnerships with Thomas Cook Airlines at Gatwick meaning easyJet customers can now travel as far as the Caribbean or to the USA, Africa and the Indian Ocean with La Compagnie and Corsair who will both fly from Paris Orly.

easyJet’s existing relationship with WestJet and Norwegian will enable the airlines to offer long haul connectivity at more of Europe’s biggest hub airports – Norwegian will extend connecting services from Paris Charles De Gaulle and Paris Orly in the coming weeks, from Amsterdam Schiphol in the summer when the airline launches its service to New York from the Dutch capital and also from Edinburgh. Meanwhile easyJet’s existing relationship with Loganair will allow easyJet customers to connect to the highlands and Islands via Edinburgh.

Worldwide by easyJet

Airport                           Go live date           Partners

Gatwick                                 September 2017       Norwegian, Thomas Cook Airlines,

WestJet, Aurigny

Venice                                    Mid-April 2018           To be announced

Paris CDG                              Spring 2018               Norwegian

Paris Orly                               Spring 2018               Corsair, La Compagnie, Norwegian

Milan Malpensa                     Spring 2018               Neos, Norwegian

Berlin Tegel                           Summer 2018            To be announced

Amsterdam Schiphol          Summer 2018            Norwegian

Edinburgh                              tbc 2018                     Loganair, Norwegian

Inverness                               tbc 2018                     Loganair 

Worldwide by easyJet explained

‘Worldwide by easyJet’ is the first global airline connections service by a European low fares airline. Legacy airlines have traditionally offered connectivity through costly and complex interline and codeshare agreements and procedures.  With Worldwide by easyJet these will be replicated by self-connect and sales partnerships through a digital, virtual hub which will offer the same sort of connectivity but more simply and efficiently.

easyJet has leadership positions at more of Europe’s major airports and flies on more of Europe’s 100 largest routes than any other airline which makes it the most attractive European short haul airline partner. The introduction of this disruptive product opens up new 70m market segment for easyJet.

All of this connectivity has been enabled by technology partner Dohop whose innovative platform allows easyJet customers to book connections and forward flights on easyJet.com.  Worldwide by easyJet will also allow easyJet passengers to connect with other easyJet flights through partner airports.

Worldwide by easyJet does not impact easyJet’s punctuality, its asset utilisation or operating model. The airline will not hold flights for connecting passengers. Worldwide by easyJet is subject to a 2 hour 30 minute ‘Minimum Connection Time’, which will give customers plenty of time to transfer between flights and/or terminals. Should a passenger miss a connecting flight they will be transferred to the next available flight.

Top Photo: easyJet.

easyJet (UK) aircraft slide show:

Bottom Copyright Photo: easyJet (UK) Airbus A319-111 G-EZDA (msn 3413) LGW (Antony J. Best). Image: 926668.

easyJet (UK) Airbus A319-111 G-EZDA (msn 3413) LGW (Antony J. Best). Image: 926668.

 

easyJet sees fourfold increase in interest for pilot careers through its career website

easyJet (UK) Airbus A320-214 WL G-EZOT (msn 6680) ORY (Jacques Guillem). Image: 938756.

easyJet (UK) has made this announcement:

Following the airing of the two part ITV documentary, easyJet: Inside the Cockpit, easyJet, Europe’s leading airline, has seen a significant increase in interest from budding pilots to its careers website.

Visits to its careers page at easyJet.com increased to over 28,500 across both episodes during the two hours in which they were broadcast compared to typical user figures of 7000 visits for a similar two hour period. The number of woman registering interest in its Amy Johnson initiative has also risen substantially. The last episode of the series was broadcast last night on ITV 1.

easyJet’s Amy Johnson Flying Initiative aims to tackle an industry wide stereotype – by 2020, 20% of its entrant cadets will be female having already doubled it over the last two years.

easyJet currently employs over 3000 pilots and earlier this year, in its largest pilot recruitment drive, easyJet opened a campaign called “For the love of Flying” to attract up to 450 new pilots.

easyJet’s Amy Johnson initiative

Only 3% of commercial airline pilots worldwide are female and only 450 of them have achieved the rank of captain* – which means every female captain could fit onto an A380 aircraft.  In the year ending September 2015, women made up 6% of easyJet’s new pilot intake and 5% of its total pilot community.

In October 2015 easyJet launched its Amy Johnson Flying Initiative with the aim of doubling the number of female new entrant pilots to 12% over two years.  The initiative was really successful with over 600 applicants and so easyJet was able to achieve the 12% target in year one – recruiting 33 female new entrant pilots.  These women have either started to fly with easyJet or are assigned to courses due to start in the coming weeks.

Encouraged by this success, easyJet has now set itself a more stretching target of ensuring that 20% of new entrant cadet pilots recruited by easyJet in 2020 are female.  Based on current recruitment plans this would mean that easyJet would be recruiting around 50 female pilots a year which will really start to change the face of the industry. This is a long term strategy, which is hoped will eventually lead to easyJet recruiting, retaining and developing many more female pilots.

Copyright Photo: easyJet (UK) Airbus A320-214 WL G-EZOT (msn 6680) ORY (Jacques Guillem). Image: 938756.

easyJet (UK) aircraft slide show:

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easyJet to add two new routes from Edinburgh, wants to double the number of German passengers

Named "Keri Emerton"

easyJet (UK) is adding two new routes from Edinburgh. Flights from Edinburgh to Jersey and Seville are now on sale

Flights to Seville take off from March 26, 2018 operating twice a week throughout the summer season.

Flights to Jersey take off from March 31, 2018 operating twice a week throughout the summer season.

easyJet now offers 40 routes from Edinburgh.an travellers

In other news, the company wants to more than double the number of passengers in Germany to 18 million in 2018. This goal comes after taking over the former Berlin Tegel operations of Airberlin.

Copyright Photo: easyJet (UK) Airbus A319-111 G-EZDR (msn 3683) ZRH (Rolf Wallner). Image: 937114.

easyJet (UK) aircraft slide show: 

easyJet starts Berlin Tegel operations

easyJet (easyJet.com) (UK) Airbus A319-111 G-EZEZ (msn 2360) LIS (Pedro Baptista). Image: 909009.

easyJet on Friday, January 5, 2018 launched its new operations at Berlin (Tegel), partially filling the void left by the demise of Airberlin.

easyJet is adding 19 destinations from TXL including four domestic destination – Dusseldorf, Frankfurt, Munich and Stuttgart.

Screen Shot 2018-01-06 at 8.51.01 AM.png

12 aircraft are now based at TXL.

Top Copyright Photo (all others by easyJet): easyJet (easyJet.com) (UK) Airbus A319-111 G-EZEZ (msn 2360) LIS (Pedro Baptista). Image: 909009.

Routes from TXL:

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easyJet forecasts a series of technological milestones in 2018

easyJet (UK) Airbus A320-214 WL G-EZOT (msn 6680) BSL (Paul Bannwarth). Image: 930892.

easyJet (UK) has forecast reaching a number of key milestones in technological initiatives over the next 12 months.

Half of easyJet’s fleet is now Airbus A320 aircraft (above) following a program of up-gauging from 150-seat A319s to the larger aircraft, which have up to 186 seats, as well as a number of aircraft acquired which were previously operated by Air Berlin. By spring, the airline’s entire fleet will surpass 300 aircraft.

The airline will take delivery of its first A321neo in July, which will contribute towards easyJet’s initiative to decarbonise and quieten aviation. Further deliveries in 2018 will bring the number of neo aircraft in the fleet to 28 by the end of the year which provide 15% savings in CO2 emissions and a 50% reduction in noise compared to the aircraft they replace.

easyJet will continue to showcase the neo aircraft and its innovative environmental and cost efficient features at roadshows at the airline’s bases around the UK and Europe. Having already exhibited the aircraft in Amsterdam, the airline will also visit London Gatwick, Glasgow, Belfast, Newcastle, Bristol, Manchester and Liverpool; Barcelona, Geneva, Milan Malpensa and Paris Orly.

easyJet will also continue to work alongside US-based start-up and electric aircraft pioneer Wright Electric on their development of an all-electric commercial aircraft and expects to launch the first flight of a hybrid nine seat aircraft within the next 12 months.

A new video produced by Wright Electric shows the progress of this pioneering project, demonstrating contra-rotating propeller technology which is one of the innovations driving Wright Electric’s development of electric aviation. This concept was invented over a century ago and is a more efficient means of propulsion. Electric motors will be able to deliver this more easily than jet engines and it will be a crucial element of Wright Electric’s all-electric passenger aircraft.

Johan Lundgren, easyJet’s Chief Executive Officer commented:

“Our aim is for easyJet to go from strength to strength in 2018. I’m incredibly pleased that the hard work and energy of our people will enable easyJet to achieve a number of technological and environmental milestones in 2018.

“Our newest Airbus neo aircraft will continue to reduce our carbon and noise footprints, which have already been reduced by 38% and 50% respectively since 2000, compared to current aircraft.

“Our partnership with Wright Electric will reach a number of milestones in the development of an all-electric commercial passenger aircraft and towards a future which isn’t wholly reliant on jet fuel.”

Jeffrey Engler, CEO of Wright Electric commented:

“Working with easyJet to develop the next generation of air travel is a powerful validation of our technology approach. We’re incredibly excited to be reaching the first significant milestone in this pioneering project towards developing and commercialising our electric aircraft for the large and growing short-haul flight markets.

“easyJet’s impressive team continues to provide valuable insights to our engineers about the critical aspects required to run a successful airline, from maintenance to revenue management, and we look forward to reaching further milestones in the years ahead.”

Top Copyright Photo: easyJet (UK) Airbus A320-214 WL G-EZOT (msn 6680) BSL (Paul Bannwarth). Image: 930892.