Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

EasyJet H1 Loss Reduces - Quick Facts

easyJet Plc (EZJ.L) posted a narrower first-half pre-tax loss of 112 million pounds, compared with 153 million pounds loss last year. Half-yearly loss also narrowed to 90 million pounds from 114 million pounds a year before.

On a per share basis, loss for the period reduced to 21.2 pence from a loss of 26.6 pence in the prior-year period. Diluted loss per share for the six months ended 31 March 2012 and 2011 is not presented as the impact of potential ordinary shares is anti-dilutive.

Total revenue increased 15.7% to 1.46 billion pounds from 1.27 billion pounds in the comparable period.

Total revenue per seat went up 11.9% to 50.47 pounds, and by 11.2% at constant currency driven by a combination of tighter market capacity, improvements in revenue management, website initiatives and the 'europe by easyJet' marketing campaign. Seats flown rose 3.5% and the average load factor improved 1.5 percentage points. Passengers flown grew 5.4% to 25.2 million, and easyJet continued to grow its share of the short-haul business travel market.

Click here to receive FREE breaking news email alerts for easyJet Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
German consumer climate is set to improve slightly in November, ending the downward trend, as income expectations among households strengthened on the back of the strong labor market situation, survey data revealed Friday.The forward-looking consumer confidence index rose slightly to 8.5 in November from 8.4 in October. Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.