Tag: Brexit

Heathrow Plans 25,000 More Flights a Year as Revenue Increases

Reading Time: 1 minute Heathrow Airport is planning an extra 25,000 flights per year from 2021 on its existing runways to give the UK a ‘Brexit Boost’ as nine month revenues rise. Revenue rose by 1.2 per cent to just under £2.1 billion ($2.6 billion) with adjusted profit before tax rising 11 per cent to £202 million. Heathrow made […]

EasyJet Shares Drop 7% as Airline Takes Sterling Hit

Reading Time: 1 minute British airline easyJet warned that annual profit had fallen by more than a quarter and hinted trading would remain tough as fares continue to decline and a weak pound weighs, sending its shares down 7%. The profit decline is the first since 2009 and in part reflects the budget airline’s exposure to the security-hit destinations […]

Ryanair CEO Says Brexit Will Likely Hurt Profits For Four Years

Reading Time: 2 minutes Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the fallout from Britain’s decision to quit the European Union will weigh on the discount carrier’s profit for as long as four years. The process of the U.K. negotiating its way out of the bloc, which could take two to four years, is set to depress […]

Wizz Air Takes its UK Business Elsewhere “As a Direct Result of Brexit”

Reading Time: 1 minute Wizz Air has halved its plans for growth in the UK in the second half of the year after the Brexit vote. The low-cost airline operator said it would be redeploying this capacity for growth to non-UK routes. Its share price shot up four per cent on Wednesday morning as it announced the news and […]

EasyJet HQ Could be Relocated from Luton After Brexit Vote, CEO Warns

Reading Time: 2 minutes The low-cost airline’s Carolyn McCall said a decision on relocating the HQ from Luton – where 56% of voters elected to leave the EU – “remains to be seen”. Easyjet’s CEO has said the airline giant could relocate its HQ from Luton following the Brexit vote. Carolyn McCall told Channel 4 presenter Matt Frei the […]

Ryanair Says ‘No New Planes for UK’ as it Pals Up with EU After Brexit

Reading Time: 1 minute The budget airline will now focus on the European Union, despite its largest hub being at the London’s Stansted Airport. Its boss, Michael O’Leary, was a vocal supporter of the Remain campaign and warned he would cut investment in Britain if it voted to leave. Now after its shares plummeted 23% in value, the Irish […]