Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EasyJet CEO says no hit from euro zone crisis: paper
Published in Daily News Egypt on 18 - 12 - 2011

FRANKFURT: Low-cost airline EasyJet (EZJ.L) has felt no impact on its business from the ongoing debt crisis in the euro zone, its chief executive told a German newspaper.
Asked whether the company had felt any fallout, Carolyn McCall told Welt am Sonntag: "So far we haven't. People don't seem to let events in Brussels ruin their summer holidays. Of course, that can change any day."
"However, there seems to be a difference between British and German clients. The Brits don't seem to care at all about what happens in the world (when it comes to travelling). Even during this year's unrest in northern Africa they kept on flying to Egypt. That may be due to the bad British weather."
EasyJet last month said it was to pay out a total of 195 million pounds ($303 million) in dividends after the Luton, southern England-based company reported an underlying pretax profit of 248 million pounds, at the upper end of forecasts, in the year to September.
The rise was led by an 11.8 percent increase in passenger traffic – with one million more people using easyJet for business travel – and a 1.3 percent fall in underlying costs per seat.
McCall said it aimed to further increase its share of business customers: "We want to increase that share to 20-23 percent (from about 18 percent now) in the coming five years," she was quoted as saying.
Industry body IATA expects airlines to suffer over the next year due to waning consumer confidence, sluggish international trade and high fuel prices.
"We have hedged our kerosene need for the coming months by 80 percent against rising oil prices. By September 2012, it'll be 73 percent already ... However, our kerosene costs will be higher than in the past fiscal year," McCall said.


Clic here to read the story from its source.