GLA and EDI too expensive for lo-co's?
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easyJet seem to have changed their mind rather quickly.....
From The Scotsman 25/11/02:
New EasyJet routes are set for takeoff
JAMES DOW
EASYJET is understood to be on the brink of unveiling new Scottish routes within the next three weeks, as it posts full-year profits in excess of £60 million tomorrow.
Details of the new routes are unclear, but European destinations are thought to be prime candidates. Last week BAA, which runs Scotland’s three main airports, said it expects to unveil two new flights to the continent by Christmas.
EasyJet expects to publish a new schedule of flights by the middle of December. The flights will start in March or April, as part of the carrier’s summer timetable.
A source close to the budget airline said yesterday: "The timetable has not yet been finalised, but it would be correct to assume there will be [new Scottish routes]."
The source added that EasyJet’s final results, due tomorrow, are likely to show profits of more than £60 million. The City is expecting a result in the same range, and EasyJet has previously signalled it expects to post profits in-line with market forecasts.
EasyJet’s full-year results will be the first since the company bought budget airline rival Go for £375 million earlier this year.
Chief executive Ray Webster will tell investors that the enlarged company is on course to finalise its integration of sales on the EasyJet and Go routes next month.
The two airlines’ websites and phone centres will be combined into a single operation. The Go brand is scheduled to disappear completely by the end of March 2003.
Webster will also tell shareholders that EasyJet will maintain its policy of paying no share dividend. The company has repeatedly said investors prefer that it reinvests its profits while it guns for high growth.
EasyJet operates flights from Edinburgh, Glasgow and Aberdeen to London and Europe, and the airline’s coverage has been sharply increased through its acquisition of Go.
Jack McConnell, the First Minister, said last week he is pressing for new air services from Scotland to Germany, Italy, Sweden and Paris. McConnell said all of those destinations are key areas for Scottish business.
McConnell was commenting as he unveiled £6 million of funding to temporarily reduce landing charges on new routes. The cash will also help to cut turnaround times at airports in the north of Scotland, and is expected to tempt airlines to launch more new routes north of the Border.
Separately, the Transport and General Workers Union said it has suspended the first four days of its threatened strikes at major airports. The union said it is studying a "significantly improved" pay offer from BAA.
Only 3 weeks ago they were saying that GLA and EDI had missed out cause they were "expensive airports" and now we see an apparent change of mind - has the Scottish Executives cash really made a difference, or were easyJet just complaning to embarrass/scare BAA into giving them a better deal?
From The Scotsman 25/11/02:
New EasyJet routes are set for takeoff
JAMES DOW
EASYJET is understood to be on the brink of unveiling new Scottish routes within the next three weeks, as it posts full-year profits in excess of £60 million tomorrow.
Details of the new routes are unclear, but European destinations are thought to be prime candidates. Last week BAA, which runs Scotland’s three main airports, said it expects to unveil two new flights to the continent by Christmas.
EasyJet expects to publish a new schedule of flights by the middle of December. The flights will start in March or April, as part of the carrier’s summer timetable.
A source close to the budget airline said yesterday: "The timetable has not yet been finalised, but it would be correct to assume there will be [new Scottish routes]."
The source added that EasyJet’s final results, due tomorrow, are likely to show profits of more than £60 million. The City is expecting a result in the same range, and EasyJet has previously signalled it expects to post profits in-line with market forecasts.
EasyJet’s full-year results will be the first since the company bought budget airline rival Go for £375 million earlier this year.
Chief executive Ray Webster will tell investors that the enlarged company is on course to finalise its integration of sales on the EasyJet and Go routes next month.
The two airlines’ websites and phone centres will be combined into a single operation. The Go brand is scheduled to disappear completely by the end of March 2003.
Webster will also tell shareholders that EasyJet will maintain its policy of paying no share dividend. The company has repeatedly said investors prefer that it reinvests its profits while it guns for high growth.
EasyJet operates flights from Edinburgh, Glasgow and Aberdeen to London and Europe, and the airline’s coverage has been sharply increased through its acquisition of Go.
Jack McConnell, the First Minister, said last week he is pressing for new air services from Scotland to Germany, Italy, Sweden and Paris. McConnell said all of those destinations are key areas for Scottish business.
McConnell was commenting as he unveiled £6 million of funding to temporarily reduce landing charges on new routes. The cash will also help to cut turnaround times at airports in the north of Scotland, and is expected to tempt airlines to launch more new routes north of the Border.
Separately, the Transport and General Workers Union said it has suspended the first four days of its threatened strikes at major airports. The union said it is studying a "significantly improved" pay offer from BAA.
Only 3 weeks ago they were saying that GLA and EDI had missed out cause they were "expensive airports" and now we see an apparent change of mind - has the Scottish Executives cash really made a difference, or were easyJet just complaning to embarrass/scare BAA into giving them a better deal?
Join Date: Sep 2002
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All good news and lets hope the scottish tax payer sees more home grown talent in the region. With Scotjet, Air Scotland and Scotairways expanding, its good news, but easy should employ more locals.
