easyJet announces Q2 results and raises profit expectations

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By admin July 24, 2014 17:02

easyJet announces Q2 results and raises profit expectations

LCC easyJet has published its Q2 financial results, indicating a rise in total revenue of 8.6%, to £1.24bn.

Total passenger numbers increased by 9.4% to 17.9 million, with load factors increasing by 2.2% to 90.4%.

Total costs per seat also increased by 1% on a constant currency basis; the airline attributing the rise to increased airport charges and planned year-on-year increases in maintenance and leasing costs.

easyJet’s net cash holdings amounted to £603 million.

easyJet CEO Carolyn McCall said: “easyJet has again delivered a solid performance in the quarter carrying 17.9 million passengers and growing revenue by 8.6% to £1,240 million.

“With 77% of second half seats now booked, easyJet expects to grow profit before tax from £478 million for the year to 30 September 2013 to a range of £545 million to £570 million for the year to 30 September 2014 assuming no further significant disruption. This range includes the impact from the situations in Israel, Egypt and Moscow.”

admin
By admin July 24, 2014 17:02
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