EasyJet reported weak H1 results which were strongly impacted by translation and calendar effects, while its number of passengers, load factor and total revenue all increased. Except for fuel costs, all other operating costs increased, but revenue per seat decreased by 4.9% yoy, leading to a strong operating loss of £-220m (£-163m expected) vs £-17m a year ago. Replacement of its 156-seat A319s by the 186-seat A320 neo will increase EasyJet’s offered capacity strongly,
16 May 2017
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easyJet plc (EZJ:LON) | 524 8.4 0.3% | Mkt Cap: 3,969m
- Published:
16 May 2017 -
Author:
Marc Laubel -
Pages:
3
EasyJet reported weak H1 results which were strongly impacted by translation and calendar effects, while its number of passengers, load factor and total revenue all increased. Except for fuel costs, all other operating costs increased, but revenue per seat decreased by 4.9% yoy, leading to a strong operating loss of £-220m (£-163m expected) vs £-17m a year ago. Replacement of its 156-seat A319s by the 186-seat A320 neo will increase EasyJet’s offered capacity strongly,