Shares in easyJet PLC (LSE:EZJ) flew to the top of the FTSE 100 leaderboard on Tuesday on an Italian report that suggested Mediterranean Shipping Co (MSC) is interested in a bid. Italy's Corriere della Sera reported that the shipping giant is mulling an investment or full control of the UK budget airline.
Shares in budget airline Easyjet jumped as much as 11.5% on Tuesday, with two traders citing a report in Italian media of possible bid interest from shipping company MSC.
Budget airline easyJet PLC (LSE:EZJ) was downgraded by JPMorgan due to concerns about weaker pricing in a competitive market. The FTSE 100 company in July warned of higher costs in the second half, along with slower growth and impacts from air traffic control strikes.
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%.
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