EasyJet forecasts harsh operating environment
EasyJet returned what it described as “a solid Q1” in its financial year, but warned the trading outlook would remain difficult. The airline said revenue was up 7.2% at GBP997m (US$1.25b). It did not give profit figures for the period, but said revenue per seat decreased 1.2% on a reported basis to GBP51.64. However, revenue per seat trends improved slightly more than previous guidance, despite increased capacity from competitors, as well as the impact on European tourism markets by the pre-Christmas terrorist attack on a Berlin market. Passenger numbers were up 8.2% at 17.4m, but this was slightly outstripped by an 8.6% rise in capacity, which nudged load factors down 0.3% to 90%. CE Carolyn McCall said revenue, cost and passenger numbers were in line with expectations. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-25/unaligned/easyjet-forecasts-harsh-operating-environment
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EasyJet forecasts harsh operating environment
EasyJet returned what it described as “a solid Q1” in its financial year, but warned the trading outlook would remain difficult. The airline said revenue was up 7.2% at GBP997m (US$1.25b). It did not give profit figures for the period, but said revenue per seat decreased 1.2% on a reported basis to GBP51.64. However, revenue per seat trends improved slightly more than previous guidance, despite increased capacity from competitors, as well as the impact on European tourism markets by the pre-Christmas terrorist attack on a Berlin market. Passenger numbers were up 8.2% at 17.4m, but this was slightly outstripped by an 8.6% rise in capacity, which nudged load factors down 0.3% to 90%. CE Carolyn McCall said revenue, cost and passenger numbers were in line with expectations. <br/>
