EasyJet full-year profit to meet upper end of forecast
EasyJet is forecasting a full-year pre-tax profit of GBP570-580m (US$745-758m), following a strong Q4, up on the previous year's figure of GBP408m. The carrier says its full-year outlook is in the “upper half” of previous guidance on its financial performance. EasyJet expects passenger numbers for the year – excluding its Berlin Tegel operation – to rise by 5.4% to around 84.6m, supported by a capacity hike of 4.2%. This capacity increase is lower than originally planned, it says, owing to external disruption. But it means the airline’s average load factor for the year will rise by 1 point to 93.6%. Total revenues, including the Tegel operation, will be around GBP5.89b. Costs excluding fuel will total GBP4.13b. Revenues per seat, outside of Tegel, will rise by 6.5% at constant currency while cost per seat will increase by 3.8%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-01/unaligned/easyjet-full-year-profit-to-meet-upper-end-of-forecast
https://portal.staralliance.com/cms/logo.png
EasyJet full-year profit to meet upper end of forecast
EasyJet is forecasting a full-year pre-tax profit of GBP570-580m (US$745-758m), following a strong Q4, up on the previous year's figure of GBP408m. The carrier says its full-year outlook is in the “upper half” of previous guidance on its financial performance. EasyJet expects passenger numbers for the year – excluding its Berlin Tegel operation – to rise by 5.4% to around 84.6m, supported by a capacity hike of 4.2%. This capacity increase is lower than originally planned, it says, owing to external disruption. But it means the airline’s average load factor for the year will rise by 1 point to 93.6%. Total revenues, including the Tegel operation, will be around GBP5.89b. Costs excluding fuel will total GBP4.13b. Revenues per seat, outside of Tegel, will rise by 6.5% at constant currency while cost per seat will increase by 3.8%. <br/>
