easyJet: stock up after strong quarter
(CercleFinance.com) - The easyJet stock is up +1.
3% in early trading in London today, driven by a solid quarterly publication, particularly marked by a 13.7% increase in total revenue, to 1,296 million pounds.
This growth reflects a 15.1% increase in the number of passengers transported over the period (21.6 million people), despite an expected 4.2% decrease in revenue per seat at constant exchange rates. Note also a significant rise in ancillary income (+20%).
“For the first half of 2019, booking levels currently remain encouraging despite the lack of certainty around Brexit for our customers. Second half bookings continue to be ahead of last year and our expectations for the full year headline profit before tax are broadly in line with current market expectations,” said Johan Lundgren, easyJet's Chairman and CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3% in early trading in London today, driven by a solid quarterly publication, particularly marked by a 13.7% increase in total revenue, to 1,296 million pounds.
This growth reflects a 15.1% increase in the number of passengers transported over the period (21.6 million people), despite an expected 4.2% decrease in revenue per seat at constant exchange rates. Note also a significant rise in ancillary income (+20%).
“For the first half of 2019, booking levels currently remain encouraging despite the lack of certainty around Brexit for our customers. Second half bookings continue to be ahead of last year and our expectations for the full year headline profit before tax are broadly in line with current market expectations,” said Johan Lundgren, easyJet's Chairman and CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.