Cold weather is good, and bad, for easyJet
Bad weather in the UK led to more cancellations for easyJet over the winter period, but the airline said the cold has also stimulated strong bookings in the last few weeks.
Overall, the airline has managed to control its losses for the six months to March 31 and is now expecting them to fall between £60 million and £65 million against a previous guidance, given in January, of between £50 million and £75 million.
Chief executive Carolyn McCall said today: “First half losses have been halved year on year through our disciplined approach to capacity deployment and a focus on cost management over winter.
"We have also benefited from rival airlines taking winter capacity out of the market, the earlier timing of Easter compared to last year and the poor weather across the UK and northern Europe which stimulated strong bookings in the last few weeks of the first half of the financial year.”
Revenue per seat growth for the first half is expected to be 8.5%, marginally ahead of the January guidance.
Capacity growth at 3.3% is marginally lower than guidance of 3.5%.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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