EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams 'unfair' penalty over practice [MSNBC.com]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
corporate.easyjet.com/investors.aspx
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Source: MSNBC.com
watch nowVIDEO4:1404:14EasyJet CEO: Consumers across Europe prioritizing travelSquawk Box EuropeThe easyJet group, which includes an airline and a package holiday provider, on Tuesday reported that ancillary revenue — which can include an additional luggage allowance, seat selection, priority boarding and in-flight meals — rose 22% year-on-year.Many airlines have stripped back what they include in their flight fares in recent years, instead relying on cashing in more from individual add-ons, as competition to offer ultra-low cost base fares intensifies.Last week, Spain's Ministry of Consumer Rightsissued five low-cost carriersRyanair"We completely disagree with that, we think it goes completely against European law and European law's going to trump that," easyJet CEO Johan Lundgren told CNBC's "Squawk Box Europe" on Tuesday."It's a highly unfair idea that you should not be able to offer products and services targeted for those people who want to use that. One-third of our customers ch
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