Easyjet moves further into the package holiday market
Travel firm took this step ahead of Christmas, following the recent collapse of Thomas Cook
Stocks impacted: Easyjet (EZJ)
Just a few weeks after Thomas Cook collapsed, the low-cost airline announced plans to move further into the package holiday market. Citing some weakness in consumer confidence and higher fuel costs, the company posted a 26% drop in profit for the 12 months to September 30. According to chief executive Johan Lundgren, with the launch, before Christmas, of their brand new easyJet Holidays business they are bringing flexibility and excellent value to the holiday market. As a reminder, Thomas Cook, the major rival of Easyjet, collapsed in September, after failing to obtain millions of pounds of extra funding.
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