Last updated
    easyJet
    Airline

    easyJet

    United Kingdom flagUnited Kingdom

    "Europe by easyJet"

    Founded 1995 London Luton Airport CEO: Johan Lundgren
    Community

    About

    In 1995, a Greek-Cypriot entrepreneur named Stelios Haji-Ioannou launched a low-cost airline from London Luton Airport. His first flight, to Glasgow on November 10, used two leased Boeing 737-200s and offered fares as low as £29. The idea was simple: strip away the extras, fill the seats, and make flying affordable for everyone. That airline became easyJet.

    Within a decade, easyJet had swallowed rival Go Fly in 2002 and acquired GB Airways in 2007, turning itself into a pan-European network. Today it operates from 29 bases across the continent, with a fleet of over 320 Airbus A320-family aircraft. London Gatwick is its biggest hub, but it also dominates at Milan Malpensa, Geneva, and Amsterdam. The airline carried nearly 70 million passengers in 2022, making it Europe's second-largest low-cost carrier behind Ryanair.

    easyJet has always positioned itself as the friendlier alternative to Ryanair. Its orange livery is a familiar sight at primary airports, and it offers allocated seating, a loyalty subscription called easyJet Plus, and a growing package holiday division launched in 2019. The airline has also been an early adopter of mobile boarding passes and self-service bag drops. On the sustainability front, it partnered with Rolls-Royce in 2023 to develop hydrogen combustion engines, aiming for zero-emission short-haul flights by the 2030s. But the company has faced its share of turbulence: a very public feud with its founder over fleet expansion, backlash over COVID-19 refund policies, and environmental criticism over carbon offsets.

    Products & Sub-brands

    easyJet flightseasyJet HolidayseasyJet PluseasyJet EuropeeasyJet Switzerland

    Frequently Asked Questions

    Who owns easyJet?
    easyJet is a publicly traded company on the London Stock Exchange (EZJ). Its largest shareholder is founder Stelios Haji-Ioannou, who owns about 15-18% of shares. Major institutional investors include BlackRock and Schroders.
    Who is the CEO of easyJet?
    The current CEO is Johan Lundgren, who took over in December 2017. He previously served as Deputy CEO of TUI Group. His predecessor, Carolyn McCall, led the airline from 2010 to 2017 before moving to ITV.
    How much is easyJet worth?
    As of early 2024, easyJet's market capitalization is approximately £3.8 billion. Its enterprise value, which includes debt and leases, is around £5.5 billion.
    easyJet vs Ryanair: Which is better?
    easyJet is generally considered more customer-friendly, with allocated seating, better service, and flights from primary airports. Ryanair has lower base fares but stricter baggage policies and more fees. easyJet is often preferred by families and business travelers, while Ryanair wins on pure price.
    Is easyJet still in business?
    Yes, easyJet is very much operational. It survived the COVID-19 pandemic through government loans, a rights issue, and cost-cutting. The airline is now profitable and flying at over 100% of its pre-pandemic capacity.

    Keywords

    easyJetlow-cost airlineStelios Haji-IoannouLondon Lutonorange liveryEuropebudget travelairline

    Company Info

    Founded
    1995
    Founder
    Stelios Haji-Ioannou
    CEO
    Johan Lundgren
    Headquarters
    London Luton Airport
    Industry
    Airline
    Revenue
    8170000000
    Employees
    15000
    Revenue (FY2023)
    £8.17 billion
    Fleet Size
    Over 320 aircraft
    Destinations
    Over 150 in 35 countries
    Stock Ticker
    LSE: EZJ

    Official Website

    easyjet.com

    Join the community

    fans discussing