Tag Archives: Air France

Should You Buy easyJet Today?

By Royston Wild, The Motley Fool

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LONDON — Shares in budget airline easyJet  have steadily strode higher since the middle of 2011, and in the past six months alone have leapt more than 66%, striking all-time highs of 1,128 pence in the process.

And I believe that the stock still has much further to run owing to bursting growth prospects and an improving ability to grab custom from rival operators. Indeed, just today Morgan Stanley hiked its target price for the carrier’s shares by almost a third, to 1,375 pence, affirming easyJet’s chunky upside potential.

Airline ready to boost market share
easyJet announced in last week’s trading statement that it expects revenues per seat to have risen 8.5% in the September-March period, beating a projected rise of between 6% and 8%, and propelled by stronger-than-forecast late bookings in the run up to the Easter break.

Although overall capacity rose 3.3% from the corresponding 2012 period, falling short of a projected 3.5% increase, this was caused by weather-related cancellations. And passenger numbers rose 5.3% in March, it added.

The company halved first-half losses year-on-year, which is now predicted to come in between £60 million and £65 million. Indeed, cost per seat (excluding fuel) rose 3.5%, at the lowest point of estimates due to the firm’s effective cost-management plan during the winter.

I fully expect easyJet to sustain future growth by grabbing market share from other major industry players. Higher-cost rivals such as Iberia and Air France are reducing the number of routes served, as well as flight frequency on the remaining routes, giving rivals such as easyJet room to muscle in.

Furthermore, I believe airlines with the capacity to offer cheaper services are likely to remain in vogue while the beleaguered economic backdrop in Europe continues to strike travellers’ wallets.

Earnings growth expected to soar
Broker Investec expects earnings per share to explode 35% in the year ending September 2013, to 83.4 pence, before galloping 12% higher the following year to 93.1 pence.

The airline currently changes hands on a P/E rating of 12.4 and 11.1 for 2013 and 2014 respectively. This represents a healthy discount to a forward earnings multiple of 13.1 for budget airline rival Ryanair Holdings, and 17.6 for the wider travel and leisure sector.

As well, easyJet’s status as a value stock is exemplified by a price/earnings to growth readout of 0.4 and 0.9 for this year and next. Any value below one is considered excellent value for money.

The canny guide for clever investors
If you already hold shares in easyJet, check out this newly updated special report that highlights a host of other FTSE winners identified by ace fund manager Neil Woodford.

Woodford — head of U.K. Equities at Invesco Perpetual — has more than 30 years’ experience in the industry, and boasts an exceptional track record when it comes to selecting stock market stars.

The report, compiled by The Motley Fool’s crack team of analysts, is totally free and comes with no further obligation. Click here now to download your copy.

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Source: FULL ARTICLE at DailyFinance

Delta, Virgin Atlantic Seek Antitrust Immunity to Boost U.S.-U.K. Flights

By Rich Duprey, The Motley Fool

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Seeking to become more effective competitors on routes between North America and the United Kingdom, Delta Air Lines and Virgin Atlantic Airways have filed an application with the U.S. Transportation Department seeking antitrust immunity for their new joint venture.

The companies said in a Monday press release announcing the filing that because 60% of the slots at London Heathrow Airport are currently controlled by a joint venture of AMR‘s American Airlines and British Airways, they dominate air travel between the U.S. and the U.K. Those two airlines previously received antitrust immunity allowing allowed them to coordinate their schedules and fares.

Combining Virgin’s Heathrow slots with Delta’s U.S. network will offer significant competition in the market and serve consumers on both sides of the Atlantic, the companies argue. Delta in December announced it is buying a 49% stake in Virgin from Singapore Airlines, with Virgin founder Richard Branson retaining a 51% ownership position. 

Delta President Ed Bastian said in Monday’s press release that “Approval of antitrust immunity would allow travelers to take full advantage of all the aspects of the Delta-Virgin joint venture and enjoy the benefits of increased competition, particularly on flights to and from London Heathrow Airport.”

Under the proposed joint venture, Delta and Virgin Atlantic would coordinate schedules, network planning, pricing, and revenue management functions, sales, and other aspects of their services between North America and the U.K.

The airlines are also seeking antitrust immunity for five-way coordination on U.K.-to-North America traffic among Delta, Virgin Atlantic, Air France, KLM, and Alitalia. Delta already operates a joint venture with the other three European airlines.

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The article Delta, Virgin Atlantic Seek Antitrust Immunity to Boost U.S.-U.K. Flights originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Airline Fined for Kicking Non-Jewish Flyer Off Plane

By Neal Colgrass A French court has fined Air France nearly $13,000 for removing a pro-Palestinian activist from a flight headed for Tel Aviv, Israel, UPI reports. The airline was also ordered to pay about $3,900 to the passenger, 30-year-old Horia Ankour, who was trying to attend a “Welcome to Palestine”… …read more

Source: FULL ARTICLE at Newser – Home

Court convicts Air France of discrimination

A French court has convicted Air France of discrimination for removing a Palestinian activist from a plane as she traveled to Israel to attend a rally.

Patrick Baudouin says his client, Horia Ankour, was en route last April from France to attend a “Welcome to Palestine” rally. Baudouin said Air France asked Ankour whether she was Israeli or Jewish, then ordered her off the plane after she acknowledged she was neither.

He said the court on Thursday found Air France guilty of discrimination, and ordered it to pay 13,000 euros ($16,700) in fines, damages and interest.

Air France lawyer Fabrice Pradon said the airline would appeal. He said the Israelis had told Air France she would not be allowed in and there was no intention to harm her.

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Source: FULL ARTICLE at Fox World News

New charges for man accused of impersonating pilot

A French man accused of impersonating a pilot after sitting in an airliner cockpit at Philadelphia International Airport now faces federal charges.

The U.S. district attorney’s office says 61-year-old Philippe Jeannard, of La Rochelle, was charged Monday with using a fraudulent identity. He already faced state trespass, forgery and false impersonation charges.

Authorities say Jeannard was wearing a shirt with an Air France logo and carrying a counterfeit Air France ID card when he boarded a Florida-bound US Airways flight Wednesday.

Jeannard was a ticketed passenger, but prosecutors say he sat in a cockpit jump seat behind the pilot, then became verbally abusive. The affidavit says Jeannard told crew members he was an Air France pilot.

Jeannard remains in custody. It’s unclear whether he has an attorney on the federal charges.

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Source: FULL ARTICLE at Fox US News

Police charge French man with impersonating pilot after being found in cockpit at Philly airport

A 61-year-old French man has been arrested at Philadelphia International Airport and charged with impersonating a pilot after airline officials found him in the cockpit of a plane scheduled for takeoff.

Police say Philippe Jernnard of La Rochelle, France, was wearing a white shirt with an Air France logo and had a black jacket with epaulets on the shoulders.

Officer Christine O’Brien says the crew of an outbound US Airways flight found Jernnard in the jump seat behind the pilot at about 6:20 p.m. Wednesday. She says he became argumentative and was escorted from the plane.

Police found Jernnard with a counterfeit Air France crew member identification card.

Jernnard was arraigned on state charges. Police say they expect federal charges to be filed on Friday.

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Source: FULL ARTICLE at Fox US News

Police: Man found in cockpit at Philly airport

A 61-year-old French man has been arrested at Philadelphia International Airport and charged with impersonating a pilot after airline officials found him in the cockpit of a plane scheduled for takeoff.

Police say Philippe Jernnard of La Rochelle, France, was wearing a white shirt with an Air France logo and had a black jacket with epaulets on the shoulders.

Officer Christine O’Brien says the crew of an outbound US Airways flight found Jernnard in the jump seat behind the pilot at about 6:20 p.m. Wednesday. She says he became argumentative and was escorted from the plane.

Police found Jernnard with a counterfeit Air France crew member identification card.

Jernnard was arraigned on state charges. Police say they expect federal charges to be filed on Friday.

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Source: FULL ARTICLE at Fox US News

Man impersonating pilot reaches plane's cockpit at Philly airport

Philadelphia police have arrested a French national after he allegedly posed as an airline pilot and gained access to the cockpit on a US Airways flight Wednesday.

MyFoxPhilly.com reports that 61-year-old Philippe Jernnard is accused of impersonating a pilot while boarding the Florida-bound flight at Philadelphia International Airport.

After being a denied a seat in business class Jernnard allegedly boarded the plane and told the flight crew he was a pilot with Air France, according to the report.

“He had an Air France shirt. He had an Air France bag. He had some identification that looked like he was a crew member from Air France,” Philadelphia police Capt. Michael Murphy told the station.

Jernnard reportedly ended up in the cockpit jumpseat behind the captain but was escorted off the plane after when he failed to produce proper credentials, police told the station.

No passengers were in danger and the flight took off on time, according the the report. The FBI has launched an investigation into the incident.

Jernnard is charged with criminal trespass, forgery-alter writing, tampering with records, false impression and providing false identification to law enforcement, the report states. He is being held with bail set at $1 million.

A US Airways spokesperson directed questions from MyFoxPhilly.com to the FBI, which is now leading the investigation.

Click here for more from MyFoxPhilly.com.

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Source: FULL ARTICLE at Fox US News

Harvard Researchers: Airlines Misrepresenting Fare Surcharges as "Taxes"

By HBS Working Knowledge at Forbes, Contributor Have you ever wondered why the taxes on airline tickets are so high that the taxes far exceed the advertised fare? According to HBS professor Ben Edelman and Harvard student Xiaoxiao Wu, it’s because sometimes the “taxes” aren’t actually taxes. In a new post on Edelman’s blog, the researchers chastise several airlines for their ticket pricing practices: In one round trip New York-Paris ticket we quoted in January 2012, the fare was listed as $230 while “tax” was listed as $598.14 — fully 72% of the listed total. If government taxes were actually as large as Air France claims, many passengers might want to complain to responsible politicians and regulators. And passengers might have a different view of cramped seating, unpalatable food, or other service shortfalls on a $230 ticket versus a $828.14 ticket. But in fact, specifically contrary to Air France‘s characterization of $598.14 as “tax,” the majority of the “tax” was not charged by any government, airport, or similar authority, and rather was retained by Air France to defray its ordinary operating expenses. The researchers go on to cite several airlines for violating Department of Transportation rules regarding ticket price advertising, including Air France ( “False characterization of ‘tax’ on web site prior to purchase”), American Airlines (“False listing of ‘tax’ on web site prior to purchase), and British Airways (“Fuel surcharge of an amount impermissible under DOT rules”).  They include both screenshots of fare advertisements on the Web and transcripts of phone calls with ticket agents. …read more
Source: FULL ARTICLE at Forbes Latest

Jet clips another at Miami airport gate, none hurt

Authorities say a commercial airliner clipped another on the ground near a gate at Miami International Airport, but no one was injured among hundreds aboard the two aircraft.

Airport spokesman Marc Henderson told The Miami Herald (http://hrld.us/13Jz8pV ) both planes were damaged, one on the wingtip and the other on the tail section.

Officials say an Aerolineas Argentinas Airbus that arrived with 240 passengers apparently struck an Air France 777-300 plane still at the gate and preparing to depart with 350 passengers for Paris.

Passengers arriving from Argentina disembarked. It wasn’t clear if the Paris-bound passengers would be put on another flight.

Several flights were delayed. The National Transportation Safety Board was investigating.

Last month, two commercial aircraft were damaged in a small collision at Fort Lauderdale Hollywood International Airport.

Source: FULL ARTICLE at Fox US News