Ryanair, easyJet and IAG descend on Lufthansa warning
The German carrier said that market-wide overcapacities and the aggressive growth of low-cost competitors were putting pressure on the European short-haul market
Company
easyJet PLC
LON:EZJ
EasyJet is engaged in the provision of a low-cost airline service on short-haul and medium-haul point-to-point routes principally within Europe.
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The stormy skies of the airline sector have a big silver lining for Ryanair and easyJet
Fierce competition over fare prices, higher fuel costs and Brexit have all piled pressure on the industry, however the bigger players could be ripe for expansion as smaller carriers are squeezed out
Investments and investor services
FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
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Will Easyjet keep to its guidance in Friday’s first-half results?
The airline shocked the market last month, so investors will be looking for some reassurance in the interim report
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FTSE 100 closes at near seven month high as no news is deemed good news
The UK blue-chip index finished up around 63 points at 7,523
Stobart Group names executive with significant airlines experience as its chief financial officer from 1 April
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US jobs to provide main focus, though UK PMIs still key as Brexit SNAFU continues
Aside from the UK and US data - and Brexit - corporate news in the week ahead will include updates from blue-chip budget airline easyjet and Ladbrokes Coral owner GVC Holdings
easyJet says it “stands ready” to suspend non-EU shareholders amid ‘no deal’ Brexit jitters
The FTSE 100 budget carrier said it had now upped its EU ownership to 49.92%, just shy of the 50% threshold that it would need to keep operating inside the EU post-Brexit
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The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
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