8-Dec-2015 12:02 PM

easyJet confident in its ability to deliver growth and returns for shareholders in 2016

easyJet, in its 2015 annual report, announced (07-Dec-2015) it remains confident in its ability to delivery growth and returns for shareholders. The carrier's future forecast up to 30-Sep-2016 consists of:

  • Increase capacity by 7% and by 8% in 1H2016;
  • Expansion of Hamburg Airport, Amsterdam Schiphol Airport and Porto Francisco Sa Carneiro Airport bases;
  • Consolidation of strong market position in the UK, Switzerland, France and Italy;
  • Expect the unit fuel bill to decline between GBP140 million and GBP160 million;
  • Cost per seat excluding fuel and currency is expected to increase by 2%. This will be weighted towards six months to 31-Mar-2016, reflecting further increases in regulated airport costs, navigation changes, and disruption costs;
  • Exchange rate movements are likely to have an impact of GBP15 million in H1 2016 compared with six months ending on 31-Mar-2015 and GBP40 million for the 12 months to 30-Sep-2016 compared to same period in 2015.

Market expectation are in line with the boards expectations for the full year. The carrier also expects market demand to remain strong with easyJet's model and strategy well-positioned to capture significant value from favourable trends in leisure and business markets. [more - original PR]

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