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.
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