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easyJet delivers robust performance for the year ending September 30, 2017

easyJet reported record number of passengers at 80.2 million, up 9.7% year on year, with record load factor at 92.6% (2016: 91.6%), reflecting easyJet’s strong network positions and customer proposition. Capacity grew by 8.5% to over 86.7 million seats, as easyJet continued its strategy of purposeful investment with a focus on number one and two market positions at Europe’s leading airports. Total revenue of £5,047m was up 8.1%, with revenue per seat broadly flat year on year (-0.4%) at £58.23, reflecting a currency benefit, strong ancillary revenue and increased load factors. Headline profit before tax of £408m, demonstrated the resilience of easyJet’s business model, despite an adverse headline currency impact of £101m. easyJet reported profit before tax of £385m, after non-headline costs of £23m mainly relating to sale and leaseback charges. In October easyJet announced an agreement to acquire part of Air Berlin’s operations at Berlin Tegel airport for a purchase consideration of €40m, subject to antitrust and regulatory approvals. The acquisition, which is expected to close in December 2017, will result in easyjet entering into leases for up to 25 A320 aircraft, offering employment to up to 1,000 former Air Berlin crews and taking over other assets including slots. The purchase price excludes start-up and transitional operating costs. Based on current assumptions, easyJet expects to incur headline losses of around £60m on its activities at Tegel in 2018 financial year, as it starts up operations in January 2018 using wet lease aircraft with initially lower loads and yields. In addition, one-off non-headline costs associated with the transaction are expected in the 2018 financial year of around £100m. These costs represent the parallel ramp up of a dry lease operation, including fleet conversion and staff recruitment and training costs, as well as transaction costs. The transaction is expected to be earnings accretive by 2019 financial year

Friday March 29, 2024
Ryanair will purchase up to 360,000 tonnes of SAF from Shell between 2025 and 2030 © Ryanair
Ryanair has purchased 1,000 tonnes of sustainable aviation fuel (SAF) from global energy group, Shell, (enough SAF to fuel over 200 flights from Stansted to Madrid), which will be supplied to the airline at its Stansted Airport base. This purchase follows the ... Read More »
Friday March 29, 2024
Cargo aircraft
Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments.... Read More »
Friday March 29, 2024
Darius Kajokas CEO of Avion Express
Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity... Read More »
Thursday March 28, 2024
Ground-breaking of AAR's new facility in Miami © AAR Corp.
On Wednesday, March 27, AAR CORP. commenced the construction of its new maintenance, repair, and overhaul (MRO) facility in Miami, marking a significant milestone for the company. Over 400 attendees congregated to commemorate the occasion, with John M. Holmes,... Read More »
Thursday March 28, 2024
Johan Malmqvist
Lilium has appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024, bringing more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, he served as CF... Read More »
Thursday March 28, 2024
The Airbus A220 is powered by PW1500G engines
SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This prog... Read More »
Thursday March 28, 2024
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 (£4.60) per share in cash (an equity value of approximately €200 million (£171 million) at closing). The acquis... Read More »
Thursday March 28, 2024
STS Aviation Group
STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set... Read More »
Thursday March 28, 2024
© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute
Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed ... Read More »
Wednesday March 27, 2024
Condor Boeing 757-300 aircraft © AirTeamImages
Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to exec... Read More »
Wednesday March 27, 2024
SAS
SAS AB has officially applied for company reorganisation (Sw. företagsrekonstruktion) in Sweden today, March 27, 2024. The commencement of this process is contingent upon approval from the Stockholm District Court. It’s important to note that this appli... Read More »
Wednesday March 27, 2024
© Brussels Airlines
Brussels Airlines has successfully concluded negotiations with cockpit unions regarding their reward package, with the agreement formally signed on March 24, 2024. The specifics of the agreement will be communicated to the cockpit community in the forthcoming ... Read More »
Wednesday March 27, 2024
IFS Cloud has been selected by Joby Aviation to shape the future of eVTOL aircraft
Joby Aviation, the manufacturer of eVTOL aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes. Joby continues to lead the way on the development of eVTOL... Read More »
Wednesday March 27, 2024
Over two-million gallons of blended SAF will be supplied into the fuelling system at Schiphol Airport over the course of 2024 © Emirates
Emirates has commenced the activation of its fuel agreement with Neste this month at Amsterdam Schiphol Airport. Over two-million gallons of blended sustainable aviation fuel (SAF) will be supplied into the fuelling system at Schiphol Airport over the course o... Read More »
Wednesday March 27, 2024
the Ai Co-Validator promises to radically transform the way organisations process large volumes of incoming reports by leveraging artificial intelligence (AI)
ASQS, a provider of integrated aviation quality and safety management solutions has launched its latest feature – the iQSMS Ai Co-Validator. Developed in cooperation with Lufthansa Industry Solutions (LHIND), a renowned IT service provider specialising in di... Read More »
Tuesday March 26, 2024
Abelo has acquired four ATR 72-600s through SKY Leasing, currently on lease to IndiGo © ATR
Regional aircraft lessor Abelo has acquired four ATR 72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India’s low-cost carrier... Read More »
Tuesday March 26, 2024
© Shutterstock
AAR CORP. has reported third-quarter fiscal year 2024 consolidated sales of US$567.3 million and income from continuing operations of US$14.0 million. For the third quarter of the prior year, the company reported sales of US$521.1 million and income from conti... Read More »
Tuesday March 26, 2024
New bins will be available on 50 aircraft by the end of this year and can accommodate up to 29 more bags per flight, helping make room for everyone's carry-on © United Airlines
United Airlines (United) has released that it is installing new, larger overhead bins on its SkyWest operated Embraer E175 fleet that will provide more room for passengers’ roll aboard carry-on bags. These new bins will be available on 50 aircraft with a... Read More »
Tuesday March 26, 2024
C&L Aerospace has opened a new warehouse in Leipzig, Germany © Shutterstock
C&L Aerospace, a C&L Aviation Group company, has opened a 20,000-ft² parts warehouse in Leipzig, Germany. This location was carefully researched and chosen in order to provide the most convenient shipping hub for Europe and beyond. The company warehou... Read More »
Tuesday March 26, 2024
Pentagon 2000 Software
Pentagon 2000 Software, Inc. has successfully completed the SOC1 Audit and Certification process. This audit, conducted by third-party auditor Ernst & Young according to AICPA standards, is crucial for ensuring trust in financial reporting. The audit’... Read More »

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