EasyJet posts strong Q3 results, raises FY2017 profit outlook
EasyJet reported a strong balance sheet with net cash of GBP426m (US$553m) as of June 30. As a result, EasyJet raised its profit guidance and expects its pre-tax headline profit for the full-year to reach GBP380–GBP420m, compared with the GBP365m analysts predicted. However, the airline warned low fuel prices would allow capacity to stay in the market, maintaining pressure on yields into the next financial year. Revenue for Q3 ended June 30 was up 16% to GBP1.4m with a significant benefit from the move of Easter to April and higher load factors. Total revenue per seat grew as constant currency increased 2.2% on a reported basis of GBP55.8. Passenger numbers were up 10.8% year-over-year to 22.3m, driven by a capacity increase of 9.5% to 24m seats. Load factor rose 1.1 points to 93.1%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-24/unaligned/easyjet-posts-strong-q3-results-raises-fy2017-profit-outlook
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EasyJet posts strong Q3 results, raises FY2017 profit outlook
EasyJet reported a strong balance sheet with net cash of GBP426m (US$553m) as of June 30. As a result, EasyJet raised its profit guidance and expects its pre-tax headline profit for the full-year to reach GBP380–GBP420m, compared with the GBP365m analysts predicted. However, the airline warned low fuel prices would allow capacity to stay in the market, maintaining pressure on yields into the next financial year. Revenue for Q3 ended June 30 was up 16% to GBP1.4m with a significant benefit from the move of Easter to April and higher load factors. Total revenue per seat grew as constant currency increased 2.2% on a reported basis of GBP55.8. Passenger numbers were up 10.8% year-over-year to 22.3m, driven by a capacity increase of 9.5% to 24m seats. Load factor rose 1.1 points to 93.1%. <br/>
