Word: easyjet
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...things are less hierarchical." Nygaard comes from Spanair's parent, the Scandinavian carrier SAS, where he got his start. With his open-plan management and quick response to new ideas, he says, Spanair can thrive in a tough market: "We have a cost structure comparable to [low-cost pioneer] EasyJet," steady profits and room to grow. Passenger numbers have jumped almost 20% this year. Spanair plans to expand to Algeria, Morocco and Switzerland in 2006. And it's aiming to be No. 1 in the Spain-Scandinavia market within a year. "We're the underdog," but that's a great...
...failure to act, she said, "would mean a slow and painful death for the European sugar sector." One consolation: European confectionery and biscuitmakers say the new prices will make them more competitive. How sweet it is. - By Peter Gumbel Getting Posh In Prague Thanks to the likes of Easyjet and Sky Europe, the flow of budget-conscious tourists into Central and Eastern Europe is becoming a flood: visitors to Budapest are up 37% during the first quarter of 2005; international arrivals in Warsaw in March were up 35% to 509,000; and Serbia has announced $2.8 billion in subsidies...
...against a soundtrack of thumping music and the high-pitched shrieks of revelers. The cruise liner is the latest cheap-and-cheerful venture from Greek-Cypriot entrepreneur Stelios Haji-Ioannou. Ten years after U.K.-based easyJet - now one of the largest intra-European airlines - took off, there's an easy way to do almost anything. In the last six months alone, the easy brand - owned by Stelios' easyGroup - has lent its name to an online movie-rental operation, a mobile-phone operator and a pizza-delivery service. Expect budget motor insurance this month, and a bare-bones hotel in west...
...thing we've learned as a company is to act locally and to treat each market as idiosyncratically as its demands," she says. As they say in France, "Cherchez la ? pizza?" Lower Taxes, Faster Tracks Low-cost airlines are not the ultimate word in cheap transport, it turns out. EasyJet has halted its twice-daily flights from Paris to Marseilles because the discounter was losing a battle for customers with the French railways. The high-speed TGV train can now do the 660-km trip in just three hours, about the same as flying if you include early check...
...frills pioneer has already founded 14 easyCompanies, ranging from movie theaters and men's cosmetics to pizza parlors and his upcoming breed of budget hotels. His greatest success, however, remains his first: easyJet, Europe's largest low-cost airline, growing 20% annually. Still, with the maritime industry booming, easyCruise may prove easy sailing for Mr. Easy. --By Anthee Carassava