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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

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Share Price: 451.10
Bid: 440.00
Ask: 469.00
Change: 0.00 (0.00%)
Spread: 29.00 (6.591%)
Open: 0.00
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Prev. Close: 451.10
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Lufthansa flies higher as it lifts 2016 profit target; peers get a boost

Thu, 20th Oct 2016 12:01

(ShareCast News) - Deutsche Lufthansa shares flew higher on Thursday as the airline lifted its earnings forecast for the year and posted better-than-expected earnings for the first nine months.Adjusted earnings before interest and taxes for the nine months came in at €1.68bn, down a touch from €1.69bn in the same period a year ago but ahead of expectations of €1.53m.Lufthansa, which issued a profit warning back in July, said that compared to previous guidance, the "difficult-to-forecast short-term bookings of business travellers" in September have developed better than expected.The airline said it now expects full-year adjusted EBIT to be around the same as in 2015, versus previous guidance that it would come in below last year.Lufthansa expects revenues at constant currency to fall by 7% to 8% in the fourth quarter, which is a one percentage point lower decrease compared to what was expected in July.Unchanged, unit costs excluding fuel and currency effects are expected to rise by 2% to 3% in the quarter.On current projections, fuel costs will fall by around €140m in the fourth quarter on the same period a year ago. The other business segments are expecting cumulative earnings slightly below the same period last year in the fourth quarter.The group said the capacity and steering measures initiated after the decline in long-term bookings were successful."However, political and economic uncertainties continue to significantly burden long-term bookings, especially on long-haul routes to Europe. Forecasting short-term bookings therefore remains challenging and may lead to significant volatility in earnings going forward."At 1210 BST, Lufthansa shares were up 7.1% to €11.20. Peers also got a boost, with British Airways owner International Consolidated Airlines Group up 2.6%, Ryanair up 3%, and EasyJet up 2%.
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Ryanair, Easyjet and others fined for cabin luggage fees

MADRID, May 31 (Reuters) - Spanish authorities have slapped fines on budget airlines Ryanair, easyJet , Vueling and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.

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Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports

MADRID, May 31 (Reuters) - Budget airlines Ryanair , easyJet, Vueling and privately owned Volotea have been fined 150 million euros ($162.30 million) in Spain, local radio SER reported on Friday.

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30 May 2024 13:14

JP Morgan stays at 'overweight' on EasyJet even as supply-demand balance returns

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easyJet, eyeing record summer, boosts nerve centre with AI

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23 May 2024 09:46

Wizz Air returns to profit, sees robust year for travel

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EU poised to veto Lufthansa's ITA deal unless substantial remedies offered, sources say

BRUSSELS, May 16 (Reuters) - Lufthansa's bid to buy a stake in Italian peer ITA is set to be blocked by EU antitrust regulators unless there is a substantial improvement to remedies to address competition concerns, people with direct knowledge of the matter said on Thursday.

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Lufthansa offers short-haul compromise for ITA deal, sources say

BRUSSELS/FRANKFURT/ROME, May 16 (Reuters) - Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.

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