Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Easyjet is looking at Thomas Cook assets, CEO tells paper

Published 10/04/2019, 02:06 AM
Updated 10/04/2019, 02:12 AM
Easyjet is looking at Thomas Cook assets, CEO tells paper

FRANKFURT (Reuters) - Easyjet (L:EZJ) is looking at some of collapsed travel firm Thomas Cook's assets, the airline's Chief Executive Johan Lundgren told German newspaper Die Welt.

"Of course, like all airlines and tour operators, we will look at what might be of interest to us from the Thomas Cook network. But there is no decision yet," Lundgren told the paper.

Lundgren also told Die Welt that he was not interested in buying rival airline Condor.

Separately, he said efforts by Germany to curb carbon dioxide emissions through new taxes on the airline industry should penalize those carriers which use old aircraft and carry fewer passengers.

"A fixed tax rate, a flat tax, does not provide any incentive to fly more efficiently," Lundgren told the paper, explaining that some airlines fly with 70-80% seat occupancy, while Easyjet's occupancy rate is around 92%.

A tax on kerosene, the main fuel used by the airline industry, could be a way forward, he said, "because it promotes the use of efficient aircraft".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.