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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.

by RTT Staff Writer

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