Loading

easyjet focused on expansionist strategy; reports better-than-expected Dec-08 quarter results

Premium Analysis

easyJet reported (22-Jan-09) better-than-expected revenue and traffic results for the three months to 31-Dec-08 (1Q09) and confirmed its strategy to continue to expand even as economic conditions deteriorate. CEO, Andy Harrison, stated the LCC expects to improve its average yield by approximately 5% over 2009 as part of the "flight to value", as the carrier picks up new business traffic. The carrier has also maintained its profitability forecast for 2009 and stated it expects revenues for 1H09 to be ahead of the previous guidance. Following the announcement, easyJet shares soared 15%, closing the day (22-Jan-09) up 12.5%.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,818 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.