EasyJet upbeat on outlook
EasyJet said Tuesday that pre-tax profit for fiscal 2019 fell 3.4% and forward bookings for the first half of fiscal 2020 are slightly ahead of last year. The airline said that for the year ended Sept 30 its pre-tax profit was GBP430m (US$556.7m) compared with GBP445m for fiscal 2018. The company said total revenue per seat decreased by 1.8% to GBP60.81 driven by weakness in consumer confidence. Adjusted pre-tax profit fell to GBP427m, from GBP578m the prior year. EasyJet’s revenue was GBP6.39b, compared with GBP5.90b in 2018. Total passengers rose 8.6% to 96.1m, and the airline said its load factor was 91.5% compared with 92.9% the year before. The board declared a dividend of 43.9 pence a share, compared with 58.6 pence the year before. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-20/unaligned/easyjet-upbeat-on-outlook
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EasyJet upbeat on outlook
EasyJet said Tuesday that pre-tax profit for fiscal 2019 fell 3.4% and forward bookings for the first half of fiscal 2020 are slightly ahead of last year. The airline said that for the year ended Sept 30 its pre-tax profit was GBP430m (US$556.7m) compared with GBP445m for fiscal 2018. The company said total revenue per seat decreased by 1.8% to GBP60.81 driven by weakness in consumer confidence. Adjusted pre-tax profit fell to GBP427m, from GBP578m the prior year. EasyJet’s revenue was GBP6.39b, compared with GBP5.90b in 2018. Total passengers rose 8.6% to 96.1m, and the airline said its load factor was 91.5% compared with 92.9% the year before. The board declared a dividend of 43.9 pence a share, compared with 58.6 pence the year before. <br/>
