The International Marbella Set
Showing posts with label Easyjet bucks industry trend with sales uplift. Show all posts
Showing posts with label Easyjet bucks industry trend with sales uplift. Show all posts

Thursday 26 January 2012

 

Europe's second largest low-cost carrier said on Thursday revenue jumped 16.7 percent to 763 million pounds ($1.2 billion) in the three months to December, as passenger numbers rose 8.1 percent to 12.9 million in its first quarter. Analysts at UBS had expected sales of 730 million pounds. The Luton, southern England-based company said costs per seat, excluding fuel, fell 1.6 percent during the quarter, and it expected its seasonal first-half loss to be roughly the same as in 2010/11. "Assuming no significant disruption in the second quarter, easyJet expects to recover most of the 100 million pounds increase in its first-half fuel bill and contain first-half losses to between 140 million pounds and 160 million pounds compared to the 153 million pounds loss reported in the first half of last year," chief executive Carolyn McCall said. Shares in easyJet, which have risen 12 percent in the past three months, were up 7 percent at 432.2 pence by 3:45 a.m. ET, valuing the company at around 1.7 billion pounds. "Carolyn McCall's second full year in charge is off to a good start, helped by the mild winter weather. Both pricing and cost control have been strong," said Charles Stanley analyst Douglas McNeill, who retains a "hold" rating on the stock. EasyJet's European peers have struggled to overcome high oil prices and sluggish demand in recent months, with low-cost airlines expected to pick up more business as struggling European consumers trade down. German group Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) have cut profit forecasts after being battered by fuel costs and slashed plans to expand in 2012. Industry body IATA recently said it expected airlines to suffer this year due to waning consumer confidence, sluggish international trade and high fuel prices. McCall said she was "cautiously confident" in the outlook for the business, despite the tough economic environment and the negative impact of a weak euro. Last year, easyJet agreed a string of deals aimed at giving it a larger share of the business travel market. The airline said some 200,000 more business passengers flew with the carrier in the quarter year-on-year, despite a general decline in business travel. EasyJet, the largest airline at London's Gatwick airport, expected to grow seats flown by around 3 percent for its first half and by around 5 percent for the full year. It said around 70 percent of available seats for the first half were already booked.

Categories

'Cheating' Chilean miner rescued (1) 'Codependency is not about a relationship with an addict (1) 000 inhabitants (1) A Pole Addict's 12 Step Program: Step 12 (1) ADDICTED TO LOVE (1) CONTINUE ENGAGING YOUR PRIMARY MATE (1) Celebs manage a quiet divorce (1) China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months (1) Courtney Cox was cheating (1) Depression (1) Hollywood ex-romance: Shia LaBeouf and Carey Mulligan confirm their Split (1) INVEST IN A “PAY-AS-YOU-GO” PHONE (1) Jerry Hall former model and wife of Rolling Stones singer Mick Jagger (1) Joaquin Villanova (1) Juhu-based actress has lodged a case against her husband and his two brother-in-laws from his first marriage for cheating and threatening her. (1) Successful businesses must focus on relationship building (1) That was the best sex ever (1) Tiger Woods Tiger hole number 3 (1) What is Compulsive Sexual Behavior (1) as ‘outrageous’ for a municipality of 30 (1) but she didn't give up looking for me at just one strip club. (1) control battles take place (1) denounced the salary of the Mayor (1) has revealed her ex-husband’s addiction for poker and women. (1) husband was having sex with someone else (1) it is the absence of relationship with self (1) mood swings and irritability - these symptoms are more visible in men when they break up with their girlfriends. (1) signs of a cheating wife you can't ignore (1) “It was like she was stalking me. “She definitely knew who I was and wanted to meet me and talk things over (1)

Unordered List

Disclaimer

Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.

Blog Archive

Pageviews from the past week

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Members

Powered by Blogger.

Translate

LinkWithin

Related Posts Plugin for WordPress, Blogger...

Popular Posts

THE INTERNATIONAL MARBELLA SET

THE INTERNATIONAL MARBELLA SET

Popular Posts