easyJet: Q3 results in line with expectations

(CercleFinance.com) - easyJet today announced that its Q3 financial performance was in line with management expectations.


Thanks to its "disciplined management", the company's net debt remained broadly stable at around 2 billion pounds, while its overall pre-tax loss reached 318 million pounds (compared to a loss of 346 million pounds a year ago).

In Q3, easyJet carried 3 million passengers, around 17% of the level in Q3 2019. Meanwhile, quarterly revenue came in at 212.9 million pounds (up from 7.2 million pounds a year earlier).

In Q4, the company expects to achieve passenger numbers equivalent to 60% of Q4 2019 levels.

Johan Lundgren, easyJet's chief executive, is optimistic about the recovery, saying that rigorous management has transformed the airline and prepared it for the "post-pandemic era".

The market seems to be nodding approval - the share is currently up almost 2% in London.


Copyright (c) 2021 CercleFinance.com. All rights reserved.