easyJet trading statement for the quarter ended 30 June 2015

• Good commercial performance with revenue per seat down 2.8% at constant currency or by 5.4% on a reported basis to £59.08 per seat, better than the guidance issued in May.
• The better than expected revenue per seat was driven by trading in the UK and beach routes across Europe in May and June and successful implementation of revenue management initiatives, offsetting in part the impact of the movement in Easter and the French Air Traffic Control ("ATC") strikes in April which together decreased revenue per seat at constant currency by three percentage points.
• Total revenue decreased by 1.0% to £1,228 million, capacity grew by 4.7% to 20.8 million seats, passengers carried increased by 6.2% to 19.1 million, and the load factor increased by 1.3 percentage points to 91.7%.
• Cost per seat including fuel decreased by 3.3% on a reported basis.
• Difficult operational environment due to increased levels of disruption including French ATC strike action and the fire at Fiumicino, which together caused 1,364 of the 1,463 flights cancelled in the quarter compared to a total of 648 flights cancelled in the same period last year. This was reflected in the cost per seat excluding fuel performance which increased by 2.8% at constant currency but decreased by 2.1% on a reported basis, with the French ATC strike and the impact of the fire at Rome Fiumicino driving 1.1 percentage points of the constant currency increase.
• easyJet lean delivered a further £7 million of sustainable savings in the quarter, £28 million year to date, the majority through airport and ground handling initiatives.
• Cash and money market deposits were £930 million and net cash was £421 million as at 30 June 2015 demonstrating easyJet's continued strong balance sheet.

Commenting on the results, Carolyn McCall, easyJet Chief Executive said:

"Our Q3 performance shows that easyJet's strategy continues to deliver, in particular with good performance in the UK and beach routes across Europe. With 77% of second half seats now booked, easyJet expects to grow profit before tax from £581 million for the year to 30 September 2014 to a range of £620 million to £660 million for the year to 30 September 2015. Our Q3 performance means that for the full year easyJet will grow revenue, profits and dividends."

Refer to full documentation in attachments box, located at the top left, below the headline.