Tag Archives: G-EZDA

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.

 

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EasyJet swings to a six-month profit

easyJet (UK) 2015 logo

EasyJet (easyJet.com) (UK) (London-Luton) reversed its financial fortunes and produced a six-month profit (before taxies) (ending on March 31) of £7 million ($7.8 million). This compares favorably with a loss of £53 million ($59.6 million) in the same period a year ago.

The airline issued these additional details:

Strategic Progress:

Drive demand, conversion and yields across Europe

• Total revenue per seat increased by 2.6% year-on-year on a constant currency basis, and by 0.2% per seat on a reported basis, to £54.91 driven, in part, by the disciplined allocation of capacity, improvement in load factor, strong October trading, timing of Easter and performance of allocated seating.
• Average load factors increased by 0.7 percentage points to 89.7% whilst capacity grew by 3.6% to 32.2 million seats.

Maintain cost advantage

• Cost per seat excluding fuel grew by 2.9% on a constant currency basis and decreased by 1.4% on a reported basis to £38.66. The increase in cost per seat was driven by anticipated increases in charges at regulated airports mainly in Germany and Italy, increased disruption costs in the second quarter and costs associated with building a resilient operation ahead of new crew base openings.
• easyJet lean delivered £21 million of sustainable savings in the six months to March 31, 2015.
• From May 2016 all future deliveries of A320 aircraft to have 186 seats; existing A320 180 seat fleet to be retrofitted starting in winter 2016. 186 seat A320 expected to deliver a cost per seat saving of 2% vs. a 180 seat A320.
• Component support contract signed with AJW Group to drive savings in maintenance costs from October 2015.

Build strong number 1 and 2 network positions

• easyJet opened new bases in Amsterdam and Porto bringing the total number of bases to 26.

Disciplined use of capital

In the six months to March 31, 2015, easyJet returned £180 million or 45.4 pence per share to shareholders through the payment of an ordinary dividend at an increased payout ratio of 40% of profit after tax for the year ended September 30, 2014. 

• easyJet ended the first half of the financial year with cash and money market deposits of £976 million, a decrease of £93 million against last year. Net cash as at 31 March 2015 was £416 million compared to £449 million at March 31, 2014.

Commenting on the results, Carolyn McCall, easyJet Chief Executive said:

“easyJet has delivered a record performance in the first half of the year by continuing to deliver its strategy of making travel easy and affordable for passengers. The profit in the half reflects the delivery of our customer focused revenue initiatives and a strong finish to the ski season as well as the benefit we received from the lower fuel price and favourable foreign exchange movements.

As we enter the important summer season forward bookings are in line with last year and as we predicted passengers are benefitting as fares fall to reflect a more competitive operating environment and lower fuel costs. easyJet continues to be well positioned to grow revenue and profit this year, delivering sustainable returns to shareholders due to its compelling network, low cost base and strong balance sheet.”

Analysis of the results and a comment from Ken Odeluga, a senior market analyst at www.cityindex.co.uk

City Index logo

EasyJet has swung to a net profit at the typically weak half-way stage of the airline financial year and I think this can only emphasise that its making solid progress against its only true rival, at the moment, Ryanair.

It has edged the bar slightly higher against RYA with a 7 basis point extension of its lead on load factor to 89.7% vs. RYA latterly on 88% (Dec.). EZJ has now having maintained an average passenger yield advantage for almost every interim period since 2012.

Naturally, landing in the black for the first half bodes especially well for the rest of EZJ’s financial year, although despite the airline saying the outlook is broadly in line for the rest of the year, it will not have the advantage of fuel prices quite as low as they were in the prior period, therefore there’s scope for full-year forecasts to be scaled back—though only moderately in my view.

However as the market opened this morning it decided to look past these strengths and focus on the disruption EZJ warned of a few days ago from French air traffic control industrial action.
I do believe that the airline has been suitably, but perhaps overly cautious on the magnitude of impact these will have on the third quarter, though of course further qualification may come in the call (0930BST)

Copyright Photo below: Antony J. Best/AirlinersGallery.com. Airbus A319-111 G-EZDA (msn 3413) prepares to land at London (Gatwick) painted in the new 2015 livery.

EasyJet aircraft slide show: AG Airline Slide Show

AG Ad - Captain's Log 5.2015 (LRW)