Grey clouds on the horizon reported by Jet2 PLC (AIM:JET2) slammed its shares lower and dragged down the wider airline and travel sector on Thursday morning. The owner of Jet2 Holidays - whose advertising theme has become a TikTok meme for travel mishaps - warned that a trend for later booking had become "more pronounced" and that it was now expecting profits at the lower end of expectations.
Shares in easyJet and British Airways owner IAG fell after Ryanair Holdings PLC (LSE:RYA) released its winter schedule and said it wants to increase UK flights by a third. The Dublin-based airline said it expects 60 million passengers in 2025 and has submitted exciting plans to Downing Street to grow traffic by 33% to 80 million over the next five years.
Der Bundesverband der Verbraucherzentralen (vzbv) hat gegen Easyjet GB00B7KR2P84 und zwei weitere Airlines Klage erhoben wegen aus seiner Sicht "unzulässiger" Handgepäck-Gebühren.
EasyJet warned on Thursday that a strike by French air traffic controllers earlier this month and rising fuel costs would hit its annual profit, sending the airline's shares down 8%.
Shares in airline companies, including British Airways owner IAG, were dragged down after easyJet PLC (LSE:EZJ) warned that costs were unlikely to fall as much as hoped this year due to higher fuel prices and French air traffic strikes. The budget airline's management anticipated a £10 million adverse impact from recent higher fuel costs and £15 million from French ATC industrial action.
EasyJet PLC (LSE:EZJ) lifted guidance for its Holidays business and said it expects "good profit growth" for the full year, after reporting a 21% increase in pre-tax profit to £286 million for its third quarter. The low-cost airline said seat capacity growth will moderate in the second half of the year, with available seat kilometres (ASK) set to rise around 9% year-on-year, easing to 7% in the...
In a business landscape defined by rapid tech shifts, evolving consumer habits, and mounting regulatory pressure, investors are looking beyond short-term gains and watching for companies that are actively shaping what comes next.
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