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easyJet positive on 2011 performance

easyJet Chairman Sir Michael Rake stated the carrier is making progress at increasing its market share and improving its return on capital, with a goal of 12%. He added that easyJet is strongly positioned to take advantage of the continuing profitable growth opportunities in European short haul. The carrier has delivered a "considerably improved" financial result in the past year "despite some significant challenges".

Also in the UK, the British Airline Pilots Association (BALPA) stated flybe's pilots have rejected an agreement on pay and conditions and could vote on industrial action if urgent talks fail to provide a solution. The pilots will have to vote again before any industrial action is held and BALPA will have to provide seven days' notice of any strike action. The sides will hold urgent talks next week in a bid to resolve the dispute.

Shares in easyJet were down 1.6% while flybe shares were up 1.6%.

Selected EAD daily share price movements (% change): 17-Feb-2011