Insider Business Budget airline easyJet to offset carbon emissions from all flights

Budget airline easyJet to offset carbon emissions from all flights

British budget airline easyJet on Tuesday said it would become the world’s first major airline to operate net-zero carbon flights across its whole network by offsetting the emissions from flying.

The airline said that it would cost around 25 million pounds ($32.42 million) to offset the emissions in the next financial year through schemes to plant trees or avoid the release of additional carbon dioxide, though Chief Executive Johan Lundgren said that longer-term solutions were also needed.

“We recognise that offsetting is only an interim measure, but we want to take action on our carbon emissions now,” he said.

The announcement came as it reported full-year results for the year ending Sept. 30 in line with previous guidance.

EasyJet said headline profit before tax was 427 million pounds, compared to guidance last month of a figure of between 420 million pounds and 430 million pounds. That was down 26% due to rising fuel prices and a tough operating environment.

The airline said that forward bookings for the first half of the 2020 financial year were “reassuring” and slightly ahead of last year, reiterating that capacity growth would be towards the lower end of historic guidance between 3% and 8%.

The company said that easyJet Holidays would launch in Britain before Christmas, and would breakeven in the year to September 2020.

It added that it expected to fly routes from airport take-off and landing slots at Gatwick and Bristol, acquired in the wake of the collapse of travel firm Thomas Cook, as early as February 2020.

(Reuters)

Top Stories

Meghan loses latest court battle with UK tabloid newspaper

Meghan, Britain's Duchess of Sussex, has lost the latest skirmish in her privacy lawsuit against a tabloid newspaper, after London's High Court ruled on...

Armenia’s defence ministry says warplane shot down by Turkish F-16 fighter jet

A Turkish F-16 fighter jet shot down an Armenian SU-25 warplane over Armenian territory on Tuesday, killing the pilot, an Armenian defence ministry spokeswoman...

Greek, Italian and French officials to hold talks with Petrides during visits

Greek Minister of National Defence Nikos Panagiotopoulos, accompanied by the Chief of the Hellenic National Defence General Staff Konstantinos Floros, Chief of Defence Staff...

Employers – clients determine working time of 74% of workforce in Cyprus

In 2019, the employer, organisation or clients mainly decided on the working time of almost 118 million of the 194 million employed people aged...

Syllouris expresses solidarity and support to the Armenian people

Cyprus House President Demetris Syllouris expressed feelings of sincere solidarity and fraternal support to the Armenian people during a telephone conversation he had on...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...