President’s message to shareholders . We note that PwC is required to provide these opinions under s 496 of the Companies Act and ISA (UK) 720. This mitigates the risk of large-scale internal industrial action occurring at the same time. Given the nature of this risk, the appropriateness of mitigation activity is continuously reviewed under the governance of an information security programme. The main exposure at this time is with the ageing A319 fleet, where easyJet is reliant on the future demand for second-hand aircraft. Reports Presentations Webcasts Transcripts; 2017 Annual report and accounts: FY 2017 pre close trading statement: Capital Markets Day: Q3 Trading Statement presentation July 2017: Q1 2017 … At … Annual Report. Available at: [Accessed 14 May 2017]. EasyJet for the purposes of Schedule 10A of the Financial Services and Markets Act 2000. Hull (all risks) and liabilities insurance (including spares) is held. These are the sources and citations used to research Strategic Management Group Report. hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Reports Presentations Webcasts Transcripts; 2019 Annual report and accounts: 2019 interactive report: Full year results statement: FY 2019 pre close trading statement: Half year results statement: Q3 2019 Trading Update: Q1 2019 Trading Update easyJet faces both external cyber threats and internal risks to its data and systems. Turn to page: 57 [of the Annual report] for further details. Shareholder activism on their part could adversely impact the reputation of easyJet and cause a distraction to management. This categorised list is not intended to be exhaustive, and the ordering of the risks is not an indication of exposure. Available at: [Accessed 8 May 2017]. Your Bibliography: Rouse, M., 2015. Critical systems are hosted either across two data centres, or at third-party provider locations. As part of that programme easyJet engages with easyGroup Holdings Limited on a regular basis alongside its other major shareholders. The aviation market is highly competitive and easyJet operates in competition with both flag carriers and other low-cost airlines. easyJet is dependent on Airbus as its sole supplier for aircraft. http://otp.investis.com/clients/uk/easyjet1/rns/regulatory-story.aspx?cid=2&newsid=951571. Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The direct link to download the 2017 Annual report and accounts is, Record number of passengers flown at 80.2 million, up 9.7% year on year, with record load factor at 92.6% (2016: 91.6%), Capacity grew by 8.5% to over 86.7 million seats, as easyJet continued its strategy of purposeful investment with a focus on number one and two market positions, Total revenue of £5,047 million, up 8.1%, with revenue per seat broadly flat year-on-year, Strong cost control, driven by increasing benefits of scale and stronger network positions, along with Lean savings of £85 million offsetting inflationary pressure in the market, Headline profit before tax of £408 million, demonstrating the resilience of easyJet's business model, despite an adverse headline currency impact of £101 million, Business model underpinned by strong balance sheet and net cash position of £357 million, with industry leading credit ratings from S&P and Moody's, easyJet continues its decarbonisation strategy, posting a further reduction in annual CO2 emissions, In the 2017 financial year, easyJet's carbon emissions per passenger kilometre (km) were 78.62 grams (g), down from 79.98g per passenger km in the prior financial year, In the last twelve months easyJet has selected 49 female new entrant co-pilots - a 48%   increase on the 33 selected last year, This takes the proportion of easyJet new entrant female pilots to 13%, In 2017, easyJet carried over 519,000 passengers who needed special assistance; a 14% increase from the prior financial year, Customer satisfaction amongst these passengers was 83%, Since 2012, easyJet has raised over £10 million for its charity partner UNICEF, including over £1.5 million in the 2017 financial year, In compliance with DTR 6.3.5, the following information is extracted from the 2017 Annual report and accounts and should be read together with the Company's Final Results announcement issued on 21 November 2017 which can be found at, The following responsibility statement is extracted from the Statement of Directors' Responsibilities on. 2017: £5,047M 2 easyJet plc Annual Report and Accounts 2018 STRATEGIC REPORT. We note that PwC is required to provide these opinions under s 496 of the Companies Act and ISA (UK) 720. early identification of developing and emerging security risks; the methods for reducing the impact of any security-related incident; and. Failure to retain these advantages or react quickly to competitor changes could have an adverse financial impact. Since 2012, easyJet has raised over £10 million for its charity partner UNICEF, including over £1.5 million in the 2017 financial year. There are processes in place, and clear roles and responsibilities within teams across the business, to plan for and manage significant disruption. Protecture often get asked, “When should I report a breach?” The Easyjet incident highlights that the risk to individuals’ rights and freedoms and the potential significance of even basic data must always be at the forefront of your assessment. View the latest ESYJY financial statements, income statements and financial ratios. The Directors consider that the Annual report and accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Group's and the Company's position and performance, business model and strategy. EasyJet slashes flying schedule in response to travel restrictions Low-cost airline says it expects to fly ‘no more’ than 10% of 2019’s timetable in Q1 Save easyJet does not own its company name or branding, which is licensed from easyGroup Ltd. valuation risks which crystallise when aircraft exit the fleet. achieving secure by design through a dedicated security architecture capability; monitoring of secure systems for unauthorised access; reviewing the security of external and internal systems, including easyJet.com, through periodic vulnerability scanning; considering information security risks within procurement processes and the introduction of new systems and IT services; ensuring payment card security with data encryption and a dedicated team to monitor and control access; reviewing and refreshing information acceptable use policies; and. This includes pilot sponsorship and the Amy Johnston flying initiative to attract more female pilots. Annual Report 2017 Overview Chairman’s Statement page 02 Keeping Jersey Connected page 04 Strategic Reports Chief Executive’s Review page 11 2017 in Numbers page 19 Financial Review page 20 Corporate Social Responsibility page 24 Jersey International Air Display page 28 Barclays Jersey Boat Show page 29 Environmental Report page 30 Risk Management Statement page 34 Governance Board … We continue to actively engage with the European Commission, EU Member States and the UK government to ensure that there is an EU/UK agreement in place to maintain flying rights between the UK and the EU. Available at: [Accessed 8 May 2017]. This bibliography was generated on Cite This For Me on Friday, May 12, 2017. As of 30th September 2016, EasyJet had a “workforce of over 10,000 people, including 6,516 cabin crew members and 2,865 pilots” (EasyJet, 2016). •       valuation risks which crystallise when aircraft exit the fleet. maintaining a treasury policy setting out Board approved strategies for foreign exchange and fuel hedging, along with liquidity, interest rate management, counterparties' limits; and. The policy is to hedge revenue and costs within a percentage band for a rolling 24-month period. -- easyJet continues its decarbonisation strategy, posting a further reduction in annual CO2 emissions -- In the 2017 financial year, easyJet's carbon emissions per … easyJet also this year opened recruitment for 14 engineering apprentices and sought to encourage more women to apply for these roles. easyJet's number one priority is the safety and security of its customers and people. Building and strengthening number 1 and number 2 network positions, Maintaining customer and operational excellence, Continuing to leverage data and digital platforms, Considered as part of the long-term viability assessment (turn to page 31 [of the Annual report] for further details), collect and analyse safety data (enabling potential areas of risk to be projected); and. These are the sources and citations used to research Easyjet report. In the 2017 financial year, easyJet's carbon emissions per passenger kilometre (km) were 78.62 grams (g), down from 79.98g per … The performance of easyJet’s base at London Southend continues to improve across a range of measures and strengthens the case for additional capacity in 2017 and 2018. easyJet annual report and accounts 2017. Where you can find all our annual reviews, quarterly reports, traffic stats, as well as presentations and webcasts. •       Liquidity risk - misjudgment in the level of liquidity resulting in inability to meet contractual/contingent financial obligations or the inability to fund the business when needed. •       maintaining a treasury policy setting out Board approved strategies for foreign exchange and fuel hedging, along with liquidity, interest rate management, counterparties' limits; and. •       the Group's security culture and awareness. Competition, capacity and industry consolidation. ✔ Create and edit multiple bibliographies. easyJet's current ownership by EU-relevant, non-UK shareholders is close to 50%. We have sent a courtesy copy of this Complaint to EasyJet. Besides, EasyJet’s quick and closest contender is Ryanair as they are both using a comparative arrangement of activity at first gotten by Southwest Airlines. •     the Strategic report, included in the Annual report, includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces. easyJet PLC is one of the leading short-haul airlines in Europe. The business is undertaking a number of key projects and programmes to deliver key elements of the strategy. technical or mechanical issues that could ground the full fleet, or part of the fleet, which could cause negative perception; and. IAG Final Results 2020 . These are the sources and citations used to research Easyjet report. Contracts are managed according to easyJet's supplier relationship management framework, with key principles covering defined ownership and accountability, a governance framework and effective communication. In accordance with Section 418 of the Companies Act 2006, each Director in office at the date the Directors' report is approved, confirms that: •    so far as the Director is aware, there is no relevant audit information of which the Company's auditors are unaware; and. The basis for the liquidity policy was revised in 2016. easyJet Reports Financial Results from Early 2017. Executive, appropriate members of the Executive Management Team and other senior management, determines whether easyJet should continue to operate in countries or areas affected by security-related incidents or conflict. easyJet is developing commercial and digital enhancements that will improve commercial options and enable more rapid changes, thereby conserving as well as increasing its commercial capabilities. More than 70% of the EasyJet customers are returning customers. Industrial action taken by easyJet employees, or by the employees of key third party service providers, could impact on easyJet's ability to maintain its flight schedules. Competitor and consolidation activity is monitored, enabling strategic decision making on key routes/positions. It also has a panel of external legal advisers, both in the UK and in key easyJet markets, who are briefed to keep easyJet informed of any changes or new legislation and to assist easyJet in developing appropriate responses to such legislation. This could adversely affect the delivery of strategic objectives. It operates domestic and international scheduled services on over 1,000 routes in more than 30 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. Business continuity plans ensure easyJet is prepared in the event of loss of facilities, including alternative sites for the relocation of critical staff. Low-cost airlines in Europe: Reconciling liberalization and sustainability. Questions for PwC 1. homepage / Stelios says / easyJet: 2019 annual report and accounts / / / / / date: 08 March 2021. Industry consolidation could also affect the competitive environment in a number of markets. Whilst easyJet can monitor risks and prepare for adverse scenarios, the ability to affect the core drivers of many risks is not within the Group's control, for example adverse weather, pandemics, acts of terrorism, changes in government regulation and macroeconomic issues. We are pleased to present you with Ryanair’s 2017 annual report. The airline industry is heavily regulated and there is a continual need to keep well informed and adapt to (as required) any legislative or regulatory changes across the jurisdictions in which easyJet operates. maintaining staff security awareness and education through a Security Champions network, on-line training materials and periodic awareness campaigns. What is dynamic pricing?. Counterparty risk - non-performance of counterparties used for depositing surplus funds (e.g. Sale and leaseback facilitates the exit of A319 aircraft from the fleet by transferring residual value risk, and also provides flexibility in managing the fleet size. Click the button below to request a report when hardcopies become available. An IT incident management team is in place to respond rapidly to any unforeseen incidents that may arise. The report analyzes the financial statements of the two companies and then different financial ratios have been discussed individually. Monday, Feb 22, 2021. The Network Development Forum, a cross-functional panel of senior executives, approves new bases and the allocation of assets around the network. There are significant cost and efficiency advantages of a single fleet, however there are two main associated risks: •       technical or mechanical issues that could ground the full fleet, or part of the fleet, which could cause negative perception; and. easyJet adheres to all recommendations and guidelines provided by the authorities. In-text: (EasyJet Annual Report 2016, 2016). Each project or programme has its own steering group which provides challenge to the project, monitors progress and ensures that decisions are made at the appropriate level. Easyjet annual revenue for 2020 was $3.839B, a 52.9% decline from 2019. Any specific supplier risks are identified and assessed during the procurement process and controls and risk mitigations are included in the contracts entered into with the supplier. 16 Feb 2017: Independent Assessor’s Report – Information and Copy of Report: 09 Feb 2017: RNS re Result of AGM : 11 Jan 2017: Link to Equiniti Shareview: 11 Jan 2017: Link for voting on Equiniti Sharevote: 11 Jan 2017: Annual Report 2016: 11 Jan 2017: Notice of AGM 2017 ... In-text: (EasyJet Annual Report 2016, 2016) Your Bibliography: EasyJet Annual Report 2016, 2016. Title Reports Presentations Webcasts Transcripts; 2020 Annual report and accounts: FY 2020 Trading Update: Q3 2020 Trading Update: Full year results statement Together these constitute the information required to be communicated to the media in unedited full text through a Regulatory Information Service. 4 EasyJet PLC Annual Report and Accounts 2017, p 92. easyJet, and the aviation industry in general, has a significant number of employees who are members of trade unions. Such an incident has the potential to impact upon easyJet's business, regardless of the location or target. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions. [online] Econsultancy. This could have an adverse financial impact. Friday, Feb 26, 2021. As part of the process, alternative service providers are identified and assessed against a balanced evaluation criteria within the major markets in which easyJet operates. Delivery of projects supporting the business strategy. The carrier stated in their H1 FY17 report that they, “delivered a resilient performance during the winter months, with strong cost control, improving operational performance and within guidance for revenue.” A Safety Committee (a committee of the Board) provides oversight of the. Read our Annual Report 2020. For further details please contact easyJet plc: Institutional investors and sell side analysts: The company news service from the London Stock Exchange. This statistic illustrates the total revenue of easyJet plc from 2009 to 2020. Representatives from the Board and senior management take collective responsibility for addressing issues arising from any activist approach adopted by the major shareholder. Geoforum, 39(3), pp.1439-1451. Liquidity risk - misjudgment in the level of liquidity resulting in inability to meet contractual/contingent financial obligations or the inability to fund the business when needed. Such meetings occur on a quarterly basis and have proven effective. EasyJet reports record summer as rivals struggle Updated / Friday, 6 Oct 2017 09:02 Carolyn McCall, EasyJet's outgoing chief executive, aid passenger numbers have set new records •       Market risks - significant/sudden increases in jet fuel prices, currency fluctuations or interest rates which have not been adequately protected through hedging. 6 easyJet plc Annual report and accounts 2017 DISCIPLINED APPROACH Our investment strategy is focused on our long-term sustainability. This bibliography was generated on Cite This For Me on Sunday, March 18, 2018 Please click here to view the full article. Shareholder news. Everything you need to know about dynamic pricing. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by easyJet plc. EasyJet plc, styled as easyJet, is a British multinational low-cost airline group headquartered at London Luton Airport. easyJet PLC Annual stock financials by MarketWatch. President’s message to shareholders . The risks and uncertainties described below are considered, at this point in time, to have the greatest effect on easyJet's strategic objectives. If easyJet is unable to continue to fly its UK-EU network this would have a significant operational and financial impact. In compliance with DTR 6.3.5, the following information is extracted from the 2017 Annual report and accounts and should be read together with the Company's Final Results announcement issued on 21 November 2017 which can be found at http://otp.investis.com/clients/uk/easyjet1/rns/regulatory-story.aspx?cid=2&newsid=951571. Destinations: 156: Parent company: EasyJet plc: Headquarters: Luton, England: Website: easyjet.com: EasyJet UK Limited, trading as easyJet, is a British low-cost airline and a subsidiary of EasyJet plc.
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