Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

easyJet to trial plane with fuel cells to help cut costs

Tue, 02nd Feb 2016 00:01

By Sarah Young

VENICE, Italy, Feb 2 (Reuters) - British low-cost airlineeasyJet said it would trial a new fuel cell system onplanes that could cut its fuel bill by up to $35 million a year,as part of its battle to keep fares low and compete againstRyanair.

easyJet said on Tuesday that, if trials of an Airbus fittedwith a hydrogen cell in its hold were successful, its planeswould be able to taxi to runways without using jet engines,saving an estimated $25 million-$35 million a year on fuel.

The airline is already benefiting from a plunge in the oil price over the last 18 months, but it could cut its bill furtherwith this new technology, Head of Engineering Ian Davies said atan event in Venice.

About 4 percent of the airline's total annual fuelconsumption is used in taxi-ing at airports, Davies said.

easyJet has a fleet of more than 200 Airbus A319s and A320s.

easyJet and Ryanair have been locked in a battle forsupremacy in the low-cost market for years, with the Irishairline recently upping the stakes by moving to more primaryairports and improving its customer service.

The new technology, which involves a fuel cell capturingenergy from the aircraft's brakes when it lands, would also helpreduce the airline's carbon dioxide emissions.

That could help easyJet if new guidelines emerge later thisyear when the wider aviation industry will probably agree on adeal to limit its carbon dioxide emissions.

easyJet said on Tuesday it would begin ground-based trialsof the so-called hybrid plane later this year.

The airline has a long-term strategy to ensure its ticketprices are competitive and to increase its profitability.

Its past cost-saving plans have included flying dronesaround lightning-hit aircraft to make it quicker to check themfor damage, and sourcing cheaper de-icing supplies from Alaska.

easyJet said in January that for the full-year ended Sept.30, 2016, it expected cost per seat excluding fuel on a constantcurrency basis to be between flat and 1 percent higher than lastyear. Ryanair sees unit costs excluding fuel down 2 percent inthe 12 months ended Mar. 31. (Reporting by Sarah Young; editing by Adrian Croft)

More News
29 Aug 2023 09:03

LONDON MARKET OPEN: FTSE 100 catches up with bank holiday rally

(Alliance News) - Stock prices in London opened higher on Tuesday, as UK markets return from a long bank holiday weekend and news that UK shop price inflation decelerated in August.

Read more
18 Aug 2023 11:18

Temple Bar laments "miserly" UK valuations but promises long-term wins

(Alliance News) - Temple Bar Investment Trust PLC on Friday said its net asset value saw a moderate half-year increase, and that its "fundamentally sound" portfolio will eventually bear fruit despite the tough backdrop.

Read more
14 Aug 2023 18:06

Mount Etna eruption closes Sicily's troubled Catania airport

CATANIA, Sicily, Aug 14 (Reuters) - Flights serving the eastern Sicilian city of Catania were halted on Monday after an eruption from nearby Mount Etna, local authorities said, bringing fresh travel woe to the crisis-plagued Italian airport.

Read more
10 Aug 2023 12:00

Italy's cap on island airfares ignites feud with Ryanair

ROME, Aug 10 (Reuters) - A decision by the Italian government to cap airfares to the islands of Sicily and Sardinia has prompted a dispute with airlines and been branded illegal by Ryanair, in a fresh sign of friction between Rome and big business.

Read more
7 Aug 2023 14:40

Airlines take aim at Italy's plans to bring down sky-high prices

ROME, Aug 7 (Reuters) - A group of airlines operating in Italy on Monday criticised government plans to curb ticket prices at the height of the summer season, saying they could breach European Union free market rules.

Read more
4 Aug 2023 08:14

TOP NEWS: WPP cuts outlook as US tech customers keep lid on spending

(Alliance News) - WPP PLC on Friday cut its yearly guidance, as the advertising company's second-quarter was hurt by weaker spend in its US technology clients.

Read more
3 Aug 2023 15:48

Spain to probe budget airlines over hand luggage fees

MADRID, Aug 3 (Reuters) - Spain's Ministry of Consumer Affairs said on Thursday it had opened an investigation into low-cost airlines over hand luggage and other fees, which result in the price most consumers pay being higher than the one that was initially advertised.

Read more
27 Jul 2023 10:50

Director dealings: EasyJet non-exec invests, AO World CFO sells incentive shares

(Sharecast News) - EasyJet was on the list of director buys on Thursday, after it disclosed a purchase made by a non-executive director for more than 5,000 shares.

Read more
25 Jul 2023 15:31

KLM, major airlines appeal against Schiphol flight curbs

PARIS, July 25 (Reuters) - KLM, Delta, United and scores of carriers have filed an appeal at the Dutch Supreme Court to overturn a move by the Dutch government to curb traffic at Amsterdam's Schiphol Airport, the Dutch airline said on Tuesday.

Read more
24 Jul 2023 19:57

As wildfires rage in Greece, tourists flee and locals shelter

Wildfires burn for 7th day on Rhodes

*

Read more
24 Jul 2023 17:09

UK's FTSE 100 edges higher on gains in energy shares

Vodafone Group up after Q1 results

*

Read more
24 Jul 2023 16:59

LONDON MARKET CLOSE: FTSE 100 shakes off weak PMI readings

(Alliance News) - Blue-chip European equities took confidence from a decent open in New York, despite some less-than-stellar PMI data darkening the mood earlier on Monday.

Read more
24 Jul 2023 12:48

Jet2 adds more flights to bring Britons back from Rhodes

LONDON, July 24 (Reuters) - British travel company Jet2 said it would operate four extra flights on Monday night to bring more of its customers back to the United Kingdom, after wildfires on the Greek island of Rhodes left them stranded.

Read more
24 Jul 2023 12:31

Ryanair sees wet weather elsewhere boosting Mediterranean holidays

DUBLIN, July 24 (Reuters) - Ryanair is seeing no sign of a change in booking habits due to a heatwave in parts of Europe and if anything expects wet weather in other parts of the continent to boost Mediterranean holidays, Chief Executive Michael O'Leary said on Monday.

Read more
24 Jul 2023 11:47

Ryanair cautious about winter travel after quarterly profit soars

April-June profit jumps to 663 million euros

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.