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easyJet operating loss halved in 1HFY2013

16-May-2013 2:08 PM

easyJet revenue up 9% - financial highlights for three months six months ended 31-Mar-2013:

  • Total revenue: GBP1601 million, +9.3% year-on-year;
  • Operating costs: 1538 million, +5.0%;
    • Fuel: GBP496 million, +2.7%;
  • Operating profit (loss): (GBP40 million), compared to a loss of GBP99 million in p-c-p;
  • Profit (loss) before tax: (GBP61 million), compared to a loss of GBP112 million in p-c-p;
  • Net profit (loss): (GBP47 million), compared to a loss of GBP90 million in p-c-p;
  • Passenger numbers: 26.6 million, +5.3%;
  • Load factor: 88.6%, +1.7 ppt;
  • Revenue per ASK: GBP 5.12 pence, +7.7%;
  • Total cost per ASK: GBP 5.32 pence, +3.8%;
  • Operational cost per ASK: GBP 4.92 pence, +3.5%;
  • Cost per ASK excl fuel: GBP 3.33 pence, +4.6%;
  • Total assets: GBP4396 million, +2.4% when compared to;
  • Cash and cash equivalents: GBP937 million, +45.3%;
  • Total liabilities: GBP2729 million, +9.1%. [more - original PR]

easyJet: “Whilst there is always the potential for unexpected events to impact short term financial performance, the outlook for the second half of the financial year combined with the strong reduction in first half losses means that easyJet expects to deliver improved returns and profitability for the year ending 30 September 2013,” Carolyn McCall, CEO. Source: Company statement, 15-May-2013.