EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams 'unfair' penalty over practice
Publishing timestamp: 2024-11-27 11:46:16
Summary
EasyJet reported record revenue from charging passengers for flight add-ons, CEO criticized recent Spanish fine, and reported full-year profit in line with expectations. Lundgren defended the practice of charging for add-ons, saying it keeps fares low. Other low-cost carriers were also fined by Spain's Ministry of Consumer Rights for similar practices. Lundgren attributed EasyJet's strong performance to record summer and reduced losses last winter.
Sentiment: MIXED
Keywords: breaking news: business, business news, boeing co, transportation, easyjet plc, ryanair holdings plc,
Source: https://www.cnbc.com/2024/11/27/easyjet-record-ancillary-revenue-ceo-slams-fine.html