EasyJet PLC Reports Operating and Sales Results for the First Quarter Ended December 31, 2017; Provides Sales Guidance for the Second Quarter of 2017; Provides Production Guidance for the Half Year and Full Year of 2017
For the first quarter the company reported total revenue of £1,140 million compared to £997 million a year ago.
For the second quarter, the company expects revenue per seat is expected to increase by mid to high single digits. This reflects good underlying revenue performance, lower market capacity growth as well as the partial benefit of the timing of Easter, which will therefore have a negative impact on the third quarter.
For the half year, the company expects seat capacity excluding Tegel is planned to grow in the first half year by around 5%.
For full year, the company expects seat capacity excluding Tegel is planned to grow by between 5% and 6% for the full year as it pursues it purposeful network investment strategy, subject to normal levels of disruption.