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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 525.00
Bid: 527.00
Ask: 527.40
Change: 2.20 (0.42%)
Spread: 0.40 (0.076%)
Open: 526.40
High: 535.80
Low: 525.00
Prev. Close: 522.80
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BA resumes plans for short-haul, low-cost Gatwick service

Thu, 07th Oct 2021 15:08

LONDON, Oct 7 (Reuters) - British Airways said it would push
ahead with plans for a short-haul service at London's no.2
airport Gatwick after pilots backed the move for a new low-cost
unit that could better compete with rivals like easyJet.

The decision marks a change of direction after the airline,
owned by IAG, said two weeks ago it would scrap its
plans for a new service, blaming pilots for rejecting the
proposal. Shares in easyJet were down 2.5%.

However BA will still have to consult with other unions and
stakeholders before deciding whether to definitely go ahead.

"We will now further develop our proposal to provide a
full-service short-haul subsidiary operation at Gatwick,
offering competitive fares to our customers," it said in a
statement.

"We will continue discussions with our colleagues, trade
unions, suppliers and other stakeholders, following this
positive result, and if we can agree a way forward with all
parties, we would hope to begin operations next summer."?

BA is rebuilding its operations after it retrenched during
the pandemic, shifting most of its flying to its main hub at
Britain's biggest airport Heathrow.

It had said it would only rebuild its European network from
Gatwick, where easyJet is the biggest airline, if it could make
it profitable.

The British Airline Pilots' Association (BALPA) said it had
now concluded an agreement with BA over pay and working
conditions.

Acting General Secretary at BALPA, Martin Chalk, said the
agreement was now BA's preferred option for Gatwick.

"We understand BA is continuing its discussions with other
stakeholders with a view to relaunching operations next
summer. We expect BA to reach a final decision shortly."
(Reporting by Kate Holton, Editing by Paul Sandle)

More News
9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
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Spirax-Sarco Engineering PLCTrading Statement
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TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
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Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
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Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
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United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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