easyJet posts glum trading update

In a trading update, easyJet said that it expects to deliver a first half performance in line with the guidance given in the Q1 2019 trading statement, with an expected first half headline loss before tax of around £275 million. Total first half revenue is expected to grow by circa 7.3% to circa £2,340 million with seat capacity increasing by circa 14.5% to circa 46.2 million as easyJet continues to strengthen its position in key markets as well as completing the annualisation of its flying at Berlin Tegel airport. Revenue per seat at constant currency is expected to have declined