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That’s a case of rising tides lift all ships though, as short haul carriers are faring better than long-haul, business-focussed peers.
The fourth quarter saw easyJet fly 58% of its total capacity, and we’d like some detailed ideas of when it could climb back to normal levels.
The work to integrate all these new businesses could make full year results a bit messy.
Pennon will probably show reasonable progress on outcome delivery incentives in the first half, essentially the markers of success for which water companies can earn bonuses.
That’s great when inflation’s low, keeping finance costs down, as it has been recently, but can cause an upset when inflation rises.
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