Business Study Resources – EasyJet
EasyJet (styled as easyJet; LSE: EZJ) is a British airline, operating under the low-cost carrier model, based at London Luton Airport. It operates domestic and international scheduled services on over 820 routes in more than 30 countries. easyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. easyGroup Holdings Ltd (the investment vehicle of the airline’s founder Sir Stelios Haji-Ioannou and his family) is the largest shareholder with a 34.62% stake (as of July 2014). It employs nearly 11,000 people, based throughout Europe but mainly in the UK.
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. The airline, along with associate company easyJet Switzerland, operates more than 200 aircraft, mostly Airbus A319. It has 28 bases across Europe, the largest being Gatwick. In 2014 the airline carried more than 65 million passengers, making it the second-largest airline in Europe by number of passengers carried, behind Ryanair.