easyJet growth slows; causes share price to fall 3%

Even though easyJet’s revenue has risen by 7.7% during the three months to December 2013, the low-cost airline’s share price has taken a knock, dropping 3% on the open today since growth is slowing. In an interim management statement, easyJet reported a 4.2% rise in passenger numbers to 14.3m, with a load factor of 88.7% but has warned that first half pre-tax losses will be greater than last year, at between £70m and £90m. Last year the carrier reported a £61m pre-tax loss. “With first half bookings in line with last year, easyJet expects to report a first half loss