EasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport.
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EasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport.
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EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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EasyJet has seen expansion since its establishment in 1995, having grown through a combination of acquisitions, and base openings fuelled by consumer demand for low-cost air travel.
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On 30 March 2020, EasyJet grounded its entire fleet of planes due to the COVID-19 pandemic.
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EasyJet has its roots in the business activity of Greek-Cypriot Stelios Haji-Ioannou, who reportedly gained an interest in the aviation business after being approached as a potential investor in Virgin Atlantic's Greek franchisee.
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In 1995, EasyJet was established by Stelios, being the first company in what would later become the easyGroup conglomerate.
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Until October 1997, all of EasyJet's aircraft were operated by GB Airways, and subsequently by Monarch Airlines and Air Foyle, as EasyJet had not yet received its Air Operator's Certificate.
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In March 2013, EasyJet was promoted to the FTSE 100; during the same month, the company launched its 100th route from Gatwick Airport, offering flights directly from London to Moscow.
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On 25 October 2007, EasyJet purchased the entire share capital of GB Airways from the Bland Group.
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On 28 October 2017, EasyJet announced it will lease 25 former Air Berlin A320 aircraft to operate across EasyJet Europe's network, under its European AOC.
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Previously EasyJet had only operated from Berlin-Schonefeld Airport and Berlin-Tegel Airport, where EasyJet had taken over some of Air Berlin's old services.
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On 30 March 2020, EasyJet suspended all flights, grounded its entire fleet, and furloughed its crews due to travel restrictions imposed.
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In June 2020, EasyJet announced their intention to resume flights, flying half of their routes in July 2020 and up to 75 per cent in August 2020, though with reduced frequency.
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EasyJet threatened to call a general meeting to remove a director every three weeks unless subsequent action was taken.
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On 17 August 2020, EasyJet confirmed in a statement they would be closing three bases in the UK.
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Originally, much like Southwest, EasyJet did not allocate seats – passengers took any available seats, with the option to pay for "Speedy Boarding", which allowed them to be first onto the aircraft.
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In November 2020, EasyJet announced that, due to the pandemic and the lockdowns in many countries, it would scale back its reduced flying schedule to no more than 20 percent of capacity.
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The specific color that EasyJet uses closely resembles that of the telecommunications corporation Orange and was a subject of dispute between the two companies in 2004 when easyGroup launched a mobile phone subsidiary, easyMobile.
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In June 2007, EasyJet announced plans for the construction of its own airliner, dubbed EcoJet.
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In late 2015, EasyJet started making use of artificial intelligence and big data for the purpose of improving efficiency, cutting costs, and enhancing the customer experience.
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On 27 September 2017, EasyJet announced its partnership with an American start-up company Wright Electric with the purpose of developing and introducing a short-haul 120-seat all-electric airline.
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At the time, EasyJet stated that it intended to introduce the electric aircraft into revenue service within 10 years.
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In October 2018, EasyJet stated that progress was being made on its electric ambitions, and that the partnerships planned to test a nine-seater electric plane as early as 2019.
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EasyJet has been criticised in Germany for not observing European Union law on compensation in cases of denied boarding, delays or cancellations.
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EasyJet has campaigned for the UK to replace air passenger duty with a new tax that would vary depending on distance travelled and aircraft type.
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EasyJet expects a one-off cost of around £10 million over two years with up to £5 million incurred in the 2017 financial year.
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In July 2017, EasyJet announced that it has applied for, and was granted by the Ministry of Transport, an Austrian Air Operator Certificate and operating permit, thereby establishing EasyJet Europe.
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The new airline is headquartered in Vienna, and will allow EasyJet to continue operating flights across and within European countries after the UK leaves the EU.
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EasyJet announced that the transition would result in no job losses in the UK, as the staff to be employed by EasyJet Europe are already based in the EU27.
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In May 2018, EasyJet confirmed that it was very close to achieving the required majority EU27 share ownership, and that the UK government will nevertheless continue to consider it as a UK airline.
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In common with other low-cost carriers, EasyJet has a strategy of operating just one aircraft type.
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On 15 May 2017, EasyJet announced the conversion of 30 A320neo orders into A321neo aircraft to be used on busier routes.
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EasyJet added that the A321neos would help to cut costs by 9 percent.
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EasyJet took delivery of the first A321neo on 18 July 2018 at the Farnborough International Airshow.
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On 20 November 2018 EasyJet ordered an additional 17 A320neo, taking their total neo order, including the A321neo, to 147.
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On 19 November 2019 EasyJet ordered an additional 12 A320neo, taking the total neo orders, including the A321neo, to 159.
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On 20 July 2022, during the Farnborough International Airshow, EasyJet confirmed the placing of an order for 56 A320neo, including an upsizing of 18 A320neo from their original order to the longer A321neo model.
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EasyJet was reported to have secured a significant reduction on the list price of the aircraft as part of their original 2013 deal with Airbus.
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Onboard sales are an important part of the airline's ancillary revenue; gifts such as fragrances, cosmetics, gadgets and EasyJet-branded items are sold on board, as well as tickets for airport transfer services or train tickets.
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EasyJet Plus is an annual subscription product targeted at frequent flyers, both business and leisure.
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