EasyJet shares soar
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Low cost carrier British carrier easyJet saw its shares rise by 6% today as the company capitalised on an increase in business and summer travel.
The success has meant easyJet has halved the losses it made in the first half of the year. The carrier is also offering business travellers more expensive ‘flexi fares’ which will give access to fast track security lanes at 27 airports across its network.
The Evening Standard reported that the initiative is the latest employed by chief executive Carolyn McCall in a bid to take away business clients from carriers like British Airways. The company has increased its business travellers by 25% to 10 million in just five years.
The airline has now cut its pre-tax loss to GBP61 million from GBP112 million and is in talks with both Boeing and Airbus about a significant fleet expansion.