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11-May-2016 12:40 PM

easyJet falls into the red in 1HFY2016

easyJet revenue stable - financial highlights for six months ended 31-Mar-2016:

  • Revenue: GBP1771 million, +0.3% year-on-year;
  • Costs: GBP1794 million, +1.9%;
    • Airports and ground handling: GBP514 million, +7.5%;
    • Fuel: GBP462 million, -10.5%;
  • Operating profit (loss): (GBP23 million), compared to a profit of GBP7 million in p-c-p;
  • Net profit (loss): (GBP20 million), compared to a profit of GBP5 million in p-c-p;
  • Passenger numbers: 31.0 million, +7.4%;
  • Load factor: 89.7%, stable;
  • Revenue per ASK: GBP 4.87 pence, -5.0%;
  • Cost per ASK: GBP 4.94 pence, -3.3%;
  • Total cost per ASK excl fuel: GBP 3.67 pence, +1.6%;
  • Average sector length: 1054 km, -1.7%;
  • Total assets: GBP5255 million;
  • Cash and cash equivalents: GBP635 million;
  • Total liabilities: GBP3303 million. [more - original PR]

easyJet: "Forward bookings in line with last year. easyJet is well placed to grow revenue and profit this financial year and deliver sustainable returns and growth for shareholders." Source: Company statement,

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