Easyjet cuts its forecast for first-half losses


Last Updated at 04 Mar 2015, 11:30 ET *Chart shows local time easyJet intraday chart
price change %
1738.00 p +

Related Stories

Easyjet has said its six-month losses will be lower than previously forecast.

The low-cost airline is predicting losses for the six months to the end of March of between £110m and £120m, down from its previous forecast of £140m to £160m. In the first half of the previous year, it lost £153m.

Easyjet saved money because a mild winter meant there was less disruption to flights.

The airline also announced a 10% increase in revenue per seat.

Its shares rose after the announcement, closing 7.5% higher.

"We continue to expect the environment for airlines to remain difficult," said Carolyn McCall, chief executive of Easyjet.

"We will continue to deliver for our customers, focus on operational excellence, manage our costs tightly and allocate our capacity to the markets that will deliver the best financial return."

The company added that the improvement in losses, compared with last year, came despite a £100m increase in its fuel bill.

"We continue to be impressed with Easyjet's operational and financial performance in a difficult market environment and it is emerging as a very clear winner in the aviation market in Europe," said Wyn Ellis, analyst at Numis.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.