Nov 21, 2017

EasyJet enjoys boost to growth after collapse of rivals

EasyJet enjoyed a boost in growth due to the collapse of several of its rivals and problems at Ryanair that helped improve its fares outlook after a tough year in the cut-throat airline market. Dame Carolyn McCall, who is stepping down as chief executive at the end of the month after seven-and-a-half years to head up UK broadcaster ITV, said she was leaving easyJet in a good position. "If you look at the outlook, the trading momentum's good, RPS is up for the first time in a couple of years given how hard the environment has been . . . it's the best time to leave a company, it's in good hands." Dame Carolyn said rises in the price of oil were likely to further help easyJet by placing pressure on weaker rivals. Dame Carolyn said it was benefiting primarily from Monarch's collapse, pointing to a 98 per cent overlap in routes with the carrier, which went into liquidation last month.

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