easyJet reported unsurprising results for FY18, in line with our expectations and the consensus. The number of passengers was up by +10.2% yoy to 88.5m and the company showed a record load factor of 92.9% (vs. 92.6% in FY17). This pushed the revenue to rise by +16.8% yoy, while revenue per seat grew by +6.4% yoy to £61.94. Headline costs per seat were up by +5.3% to £43.43 and non-headline costs were £133m (£40m related to Tegel, £65m for IT development). This le
20 Nov 2018
FY19 should be more challenging
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FY19 should be more challenging
easyJet plc (EZJ:LON) | 523 -34.5 (-1.2%) | Mkt Cap: 3,967m
- Published:
20 Nov 2018 -
Author:
Laura Parisot -
Pages:
3
easyJet reported unsurprising results for FY18, in line with our expectations and the consensus. The number of passengers was up by +10.2% yoy to 88.5m and the company showed a record load factor of 92.9% (vs. 92.6% in FY17). This pushed the revenue to rise by +16.8% yoy, while revenue per seat grew by +6.4% yoy to £61.94. Headline costs per seat were up by +5.3% to £43.43 and non-headline costs were £133m (£40m related to Tegel, £65m for IT development). This le