Low Cost Airline News - Europe.May 14, 2007
EasyJet, British low-cost airline, said on Wednesday it had more than halved its traditional first-half loss and had lowered ticket prices to offset weaker market conditions in the second half. EasyJet's shares have fallen by about 15 percent since last Thursday when rival Ryanair said new passenger taxes were hitting yields. EasyJet mirrored those comments on Tuesday, saying revenue per seat had fallen in April. EasyJet's first-half pretax loss pretax loss
A loss reported before tax benefits are considered. was GBP GBP
In currencies, this is the abbreviation for the British Pound.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 17 million pounds (USD USD
In currencies, this is the abbreviation for the U.S. Dollar.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $33.9 million) in the six months to March, down 58 percent from GBP40 million last year. May 9, 2007
EasyJet said unit revenues fell in April and it sees "pressure on yields in the summer against high comparatives from last year and due to continued competition." It maintained its projection of 40%-50% in pre-tax profit for the fiscal year ending Sept. 30. The LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC.
1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. transported 3.1 million passengers in April, up 10% from the year-ago month. Load factor dropped 3.3 points to 83.1%. May 9, 2007
Norwegian Air Shuttle An air shuttle is a shuttle service operated with aircraft. Although many airlines employ "shuttle" in their name, a true air shuttle is typically characterized by
Low cost airline Norwegian Air Shuttle said it has flown 26 percent more passengers in April than a year earlier, while its yield, an indicator of average fares, fell 9 percent. Norwegian, a low-cost rival to Scandinavian airline SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , estimated its yield, or average revenue per passenger carried, reached 0.69 Norwegian kroner (USD$0.116) per kilometre flown, also down from 0.74 kroner in March. May 9, 2007
Ryanair yesterday said that "from today, all of Ryanair's fares will be quoted inclusive of inclusive of
Taking into consideration or account; including. taxes" in conjunction with a seat sale that includes a promise to pay passengers double the difference between a Ryanair fare and a cheaper fare on the same route operated by a competing carrier. The LCC transported 4.1 million passengers in April, up 19% from the year-ago month. Load factor fell 2 points to 83%. May 10, 2007
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May 7, 2007