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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: 541.60
Bid: 542.80
Ask: 543.40
Change: -5.20 (-0.95%)
Spread: 0.60 (0.111%)
Open: 550.00
High: 550.80
Low: 541.00
Prev. Close: 546.80
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Crisis-hit EU airlines seek 'more balanced' passenger rights

Thu, 10th Jun 2021 15:21

PARIS, June 10 (Reuters) - European airlines said on
Thursday they will seek to weaken passenger compensation and
refund rights in the wake of the COVID-19 pandemic, which left
the industry struggling to reimburse billions of euros in fares
for grounded flights.

Airlines for Europe (A4E), which represents the region's
biggest carriers, said the so-called EU261 regulation had
severely exacerbated the financial crisis for many airlines.

"We're looking for a more balanced approach to consumer
protection," Air France-KLM Chief Executive Ben Smith said,
adding that the European Union's passenger rights law was "one
of the most punitive" in the world.

EU rules grant consumers immediate cash refunds for
cancelled flights, plus compensation for those scrapped with
less than two weeks' notice or for delays of over three hours.
Multibillion-euro refund bills exacerbated the cash crunch for
many airlines early in the pandemic.

"When events like mass cancellations get put in place this
law is not flexible enough to handle such events," Smith said at
an A4E virtual news conference, joined by the heads of easyJet
, IAG, Lufthansa and Ryanair.

A European Commission spokesperson did not immediately
respond to a request for comment.

The airlines also indicated they plan to contest air traffic
control fee increases agreed by EU governments last month to
make up the effective monopoly service providers' crisis
shortfall, with easyJet's CEO hinting at legal action.

"We are going to legally try this," said Johan Lundgren, who
is the current A4E chairman. "Amazingly these monopoly air
navigation service providers are being allowed to pass on 5.4
billion euros to airlines and to our customers," he said.
(Reporting by Laurence Frost, Sarah Young and Marine Strauss
Editing by Mark Heinrich)

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LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

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LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

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1 Feb 2024 15:50

UK shareholder meetings calendar - next 7 days

Friday 2 February 
Tectonic Gold PLCAGM
Monday 5 February 
no events scheduled 
Tuesday 6 February 
Blackrock Frontiers Investment Trust PLCAGM
Qinetiq Group PLCGM re share buyback authorisation
Ten Lifestyle Group PLCAGM
Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
  
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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*

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