International Property Investment News

EasyJet keeps property investment cheap

With more competition than ever among low-cost airlines, EasyJet has announced it will continue to reduce its lead-in fares.

Hunting for bargain overseas property in Europe needn't be expensive, with so many budget flights available.

Though EasyJet pioneered the cheap flights revolution and now flies to 75 airports in 20 countries, across nearly 300 routes, it has faced increasing competition from the likes of Ryanair, Jet2 and bmibaby.

Andy Harrison, chief executive of the company, stressed that EasyJet prices would stay low, even in an increasingly competitive field.

"As we stated last winter, we continue to see pressure on yields in the summer against high comparatives from last year and due to continued competition.

"Low fares underpin our growth and in the second half we have reduced many of our lead-in fares and increased our promotional activity to sustain high load factors in weaker market conditions.

He added: "We anticipate further progress on unit cost reductions, excluding fuel, in the second half and for the full year we anticipate fuel costs to be slightly down year on year."

Thanks to the low costs, and range of services offered by EasyJet and its rival low-cost airlines, potential investors in overseas property can cheaply and easily look for their retirement base, or holiday home.