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Shareholder news

date: 19 May 2012

Charter airlines ruffle their low-budget rivals

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In the Sunday Times, Dominic O'Connell analyses the low-cost airline v charter airline battle and Sir Stelios Haji-Ioannou's predictions about the future of leisure travel, which turned out to be prescient. He also notes Sir Stelios' comments on the evolving nature of the market with higher fuel prices and overcapacity.

Source: The Sunday Times, 29 May 2011

A year before easyJet became a public company, Sir Stelios Haji-Ioannou, the airline's founder, put some noses out of joint at an aviation industry lunch in Brussels.

As well as correctly predicting the company's float, Haji-Ioannou forecast the demise of Europe's charter airlines, saying they would be forced out of business by upstart firms like his.

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