Easyjet (EZJ.L), the budget airline has confirmed that it expects its full year profit to rise at least 14% – this is in line with current city forecasts.
The airline today issued its Q3 interim statement, which showed Total revenue grew by 8.6% to £1,240 million, passengers carried increased by 9.4% to 17.9 million, and the load factor increased by 2.2 percentage points to 90.4%. Also the timing of Easter provided a boost this quarter.
the company also demonstrated a solid balance sheet with net cash at £603Million at the end of the period.
Commenting on the results, Carolyn McCall, easyJet Chief Executive said:”EasyJet has again delivered a solid performance in the quarter carrying 17.9 million passengers and growing revenue by 8.6% to £1,240 million.
We will continue to invest in building leading network positions and this combined with a compelling customer proposition, low cost base and strong balance sheet leaves easyJet well positioned to continue to deliver sustainable growth and returns.
With 77% of second half seats now booked, easyJet expects to grow profit before tax from £478 million for the year to 30 September 2013 to a range of £545 million to £570 million for the year to 30 September 2014 assuming no further significant disruption. This range includes the impact from the situations in Israel, Egypt and Moscow.”
Easyjet (EZJ.L), the budget airline has confirmed that it expects its full year profit to rise at least 14% – this is in line with current city forecasts.
The airline today issued its Q3 interim statement, which showed Total revenue grew by 8.6% to £1,240 million, passengers carried increased by 9.4% to 17.9 million, and the load factor increased by 2.2 percentage points to 90.4%. Also the timing of Easter provided a boost this quarter.
the company also demonstrated a solid balance sheet with net cash at £603Million at the end of the period.
Commenting on the results, Carolyn McCall, easyJet Chief Executive said:”EasyJet has again delivered a solid performance in the quarter carrying 17.9 million passengers and growing revenue by 8.6% to £1,240 million.
We will continue to invest in building leading network positions and this combined with a compelling customer proposition, low cost base and strong balance sheet leaves easyJet well positioned to continue to deliver sustainable growth and returns.
With 77% of second half seats now booked, easyJet expects to grow profit before tax from £478 million for the year to 30 September 2013 to a range of £545 million to £570 million for the year to 30 September 2014 assuming no further significant disruption. This range includes the impact from the situations in Israel, Egypt and Moscow.”
Related Posts: