Analyst Views | What do you make of Easyjet’s update?

 
Marion Dakers
PETER HYDE LIBERUM

Revenue was strong; average revenue per seat at constant currency +8% – driven by tight industry capacity and the final quarter of the switch from a credit card charge to a higher admin fee. Lack of disruption would have helped profit before tax.

RICHARD HUNTER HARGREAVES LANSDOWN

The share price has been cruising to new altitudes of late and this update provides further vindication. The strong increase in revenue, improved load factors and largely booked advanced seats have all contributed to what will likely be a much lower loss at the halfway stage.

GERT ZONNEVELD PANMURE GORDON

First half guidance for both revenues and costs has improved and the company expects interim losses to be in the range of £50m to £75m... Overall, a very strong interim management statement which demonstrates EasyJet’s revenues per seat continue to grow strongly.