Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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: 538.20
Bid: 539.00
Ask: 539.40
Change: 5.20 (0.98%)
Spread: 0.40 (0.074%)
Open: 539.60
High: 543.60
Low: 538.20
Prev. Close: 533.00
EZJ Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ryanair extends charm offensive with loyalty rewards, one-tap upgrades

Tue, 12th Apr 2016 14:53

* Irish low-cost airline to offer enhanced customer services

* To introduce first loyalty scheme in decades

* Charm offensive of recent years has boosted profits

By Conor Humphries

DUBLIN, April 12 (Reuters) - Ryanair is to launchits first loyalty scheme in decades, introduce customersatisfaction surveys and allow "one-tap" upgrades using mobilephones as it extends its efforts to rid itself of a reputationfor poor service.

The Irish low-cost airline, Europe's largest by passengernumbers, has seen profits and passenger numbers soar since ChiefExecutive Michael O'Leary announced in 2014 that he would stop"unnecessarily pissing off" his customers.

Since then the airline has slashed punitive fees forchecking in bags and rolled out pre-assigned seating, flexiblebusiness fares and freshly brewed coffee on board.

After decades of refusing to contemplate the kind of rewardschemes offered by other airlines, Ryanair on Tuesday unveiled"My Ryanair Club" which will offer customers discounts and freeflights depending on how often they use the airline.

Ryanair briefly offered a customer loyalty card beforeO'Leary took over as chief executive in 1994.

The new scheme, which aims to entice people to save creditcard data on their Ryanair phone apps, will offer customers onefree return flight when they book 12 flights in a year and willmake specific offers to customers depending on their travelhabits.

"We always said we would never have a scheme with cards andstatements and all that administrative waste... But with bigdata each passenger can have their own (personalised) loyaltyscheme," O'Leary told journalists, adding that this would avoidany significant additional costs.

O'Leary, who has transformed European aviation with hisdedication to a no-frills service, denied that his hand wasforced two years ago by investors and fellow executives.

Instead he said, a loss of customers to rivals such as AerLingus and easyJet made change inevitable.

"We had locked ourselves into a position of, 'We're cheaper,nastier and we don't care'. But there were millions ofpassengers saying I don't care how cheap you are," O'Leary said.

HOW ARE WE DOING?

Once passengers agree to save their credit card informationon their phone apps, Ryanair plans to launch "one-flick"purchases, mimicking the "one-click" purchases on Amazon.com.Customers will be able to pay for priority boarding, expresssecurity checks and premium seats from their phones.

The app will also offer airport transfers, parking tickets -and eventually tickets for local landmarks and concerts - usingsoftware that recognises the phone's location.

EasyJet offers services such as free seat reservation,fast-track security and extra cabin bag to members who pay anannual fee.

Ryanair customers will also be prompted to rate their flightto give the company instant feedback on areas where customerservice remains weak.

O'Leary credits the company's Always Getting Better customerservice drive with lifting annual passenger numbers to 106million from 80 million and shrinking its average percentage ofempty seats per flight to 8 percent from 18.

Ryanair's share price has doubled to over 13 euros from 6.50euros in late 2014.

O'Leary, whose horse won the famous Grand Nationalsteeplechase at the weekend, said he had learned some humility.

"Customers demonstrated by moving in fairly small, butsignificant amounts that we don't know it all - that I havestill things to learn." (Additional reporting by Victoria Bryan in Berlin; Editing byKeith Weir)

More News
Today 10:34

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order to secure the EU's green light for their proposed tie-up, Italian newspaper Corriere della Sera reported on Sunday.

Read more
24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
23 Apr 2024 09:00

LONDON BROKER RATINGS: Jefferies raises Reckitt; Learning Tech is cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

Read more
19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

Read more
18 Apr 2024 17:08

London stocks gain on upbeat corporate earnings

FTSE 100 up 0.4%, FTSE 250 adds 0.6%

*

Read more
18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady.

Read more
18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

Read more
18 Apr 2024 09:05

TOP NEWS: easyJet hails revenue surge as summer demand sound

(Alliance News) - easyJet PLC on Thursday reported a "positive outlook" for the remainder of its financial year, as it trimmed "seasonal losses" in its first half.

Read more
18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

Read more
18 Apr 2024 08:20

easyJet posts significant reduction in winter losses

(Sharecast News) - Low-cost airline easyJet reported a significant reduction in its winter losses in an update on Thursday, of more than £50m year-on-year, as demand for flights and holidays continued to rise, particularly for the upcoming summer season.

Read more
18 Apr 2024 07:49

LONDON BRIEFING: Embattled Hipgnosis Songs Fund agrees takeover

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, shaking off a miserable session for US tech shares overnight.

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.