The founder of EasyJet fears the company may go bust because it is expanding too much.
This is an interesting development. I too believe U2 should take it easy and not come to the quick conclusion of ordering more aircraft. That would be truly unfortunate if Stelios sells his family stake.
This is just Stelios mixing it up as usual.
Rather than buying new planes, he would rather have the money paid to him in dividends.
Their shares are at an all time high and they have just posted record profits.
Thanks for the info.
<<Their shares are at an all time high and they have just posted record profits.>>
According to Stelios the profit is because people are paying a third more than they did four years ago.
I noticed that, which is interesting considering the recent comments here regards Ryanair fares going up, you might assume that Ryanair and Easyjet fares would roughly track each other.
His well-publicised and frequent criticism of the easyJet Board of Directors is nothing new. He got his way when they started to pay dividends on the shares.He must be a pain to the Directors who cannot help but be inhibited in their decision-making by Stelios. All he is now is a shareholder admittedly a significant one. If he wanted to retain control and influence he shouldn't have floated the company.
Not all his ideas turn to gold. Eg what happened to easyCruise/easyRentacar/easyHotel?
<< Eg what happened to easyCruise/easyRentacar/easyHotel? >>
easyCar and easyHotel are still goingEdited: 11:45 am, January 21, 2013
He certainly is not easyGoing!
But did they turn to gold as did easyJet? Please note I didn't say those other brands were defunct.