2020-01-21 21:05:04| Guardian Unlimited Business - more business news
Since its only adding 3% capacity in 2020, airline seems hardly engaged in post-bust market grabYou had to travel a long way down easyJets bullish trading update to find the main reason for the positive momentum in the business, but eventually it appeared. Thomas Cook went bust, which is very helpful if youre a competitor.Naturally, management preferred to sing about factors under its control, such as artful teasing of ancillary revenues, meaning add-ons such as allocated seating. But the benefit from Thomas Cooks demise last September probably had the greatest impact on the 9% boost in average revenue per seat in last three months of 2019; ticket prices could be nudged up. Continue reading...
2020-01-21 15:56:34| Guardian Unlimited Business - more business news
Robust demand and slow capacity growth lead to 8.8% increase in revenue per seatEasyJet said it was on course for a strong winter, after reporting a leap in revenues for the last quarter of 2019, partly boosted by the demise of Thomas Cook.Passenger numbers grew by 2.8% year on year, despite widespread disruption from strikes in France during which 871 flights were cancelled between October and December. Continue reading...
2020-01-16 16:23:36| BBC News | Business | World Edition
The company has taken over all 550 Thomas Cook stores after the package holiday firm collapsed.
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