EasyJet reported bright Q1 figures with a load factor rising by 2.1pts in a seasonally weak period. Also, revenues per seat grew contrarily to costs per seat, which was supported by still declining fuel costs, however this situation should reverse quite soon. The airline expects a good orientation for Q2 but weaker growth in H2 than in H1 due to stronger competition from British Airways and Ryanair.
23 Jan 2018
EasyJet taking advantage of competitors' misfortune
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EasyJet taking advantage of competitors' misfortune
easyJet plc (EZJ:LON) | 567 74.8 2.4% | Mkt Cap: 4,296m
- Published:
23 Jan 2018 -
Author:
Marc Laubel -
Pages:
3
EasyJet reported bright Q1 figures with a load factor rising by 2.1pts in a seasonally weak period. Also, revenues per seat grew contrarily to costs per seat, which was supported by still declining fuel costs, however this situation should reverse quite soon. The airline expects a good orientation for Q2 but weaker growth in H2 than in H1 due to stronger competition from British Airways and Ryanair.