easyJet: sanctioned after preliminary publication
(CercleFinance.com) - The easyJet share is down over 5% in London today, after the low-cost airline announced that it expects taxable profit of between 420 million and 430 million pounds in FY 2019, a forecast that is in the upper half of its previous target range.
Although it boasts an 8.6% increase in passenger numbers over the year, which reached 96 million, the group has reported a 1.4-point decline in its load factor to 91.5%, and around a 2.7% decline in revenue per seat at constant exchange rates.
In addition, the airline has said that its total costs increased by approximately 12% over the year, due to increased capacity, higher unit fuel costs and adverse FX factors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Although it boasts an 8.6% increase in passenger numbers over the year, which reached 96 million, the group has reported a 1.4-point decline in its load factor to 91.5%, and around a 2.7% decline in revenue per seat at constant exchange rates.
In addition, the airline has said that its total costs increased by approximately 12% over the year, due to increased capacity, higher unit fuel costs and adverse FX factors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.