easyJet: shares rise after in-line results

(CercleFinance.com) - easyJet, Europe's second largest low cost airline, on Friday delivered first-half results that are in line with expectations.


The company reported a pre-tax loss of 272 million pounds for the six months to 31 March 2019, compared to a loss of 68 million pounds for the same period a year ago.

Total revenue increased by 7.3% to 2.34 billion pounds, with passenger numbers up 13.3% to 41.6 million.

easyJet maintained its earnings expectations for the current financial year, maintaining them in line with market expectations, although warned that full-year headline cost per seat excluding fuel at constant currencies is now expected to fall.

Investors didn't pout at these results, though, with the shares rising 2.8% to 1,000.5 pence in London this morning.

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