LONDON (Reuters) – British budget airline easyJet (EZJ.L) expects its first-half performance to improve from last year, it said on Tuesday, helped by robust travel demand and a slight easing of competition after the collapse of Thomas Cook. Reporting on the quieter winter period, easyJet flagged an upturn in its revenue per seat and said its first-half headline pretax loss would narrow from the 275 million pounds ($358 million) in the same period last year. Chief Executive Johan Lundgren said there was limited visibility on the key summer season, in which easyJet tends to make all of its profit, but he expects the positive momentum to continue. “Our bookings are slightly ahead for the half year and it looks the same when we go into the next half,” he told reporters. Shares in easyJet gained 4.7% to 15.21 pounds by 0838 GMT. The company’s first-half revenue per seat is now expected to increase by mid to high single digits, it said on Tuesday, upgrading a previous forecast for it to rise by low to mid single digits after an 8.8% jump in its first quarter. Bernstein analyst Daniel Roeska described the growth in revenue per seat as “the star of… Read full this story
- Escape the Gloom This Winter - Travelling to Tenerife on a Budget
- The Whole Marvelous Super Ultra Cosmic Magical Comic Book Universe
- Olympic Nations - Who Is Who?
- The Characteristics of Bad Leadership
- The Mindset For Physical Transformation
- Dead Men Don't Talk!
- The Science of Pressure & Relief
- Finding Work in Tough Times - The Hunt for Reality, Optimism and a Job
- Pop Up Displays
EasyJet lifted by tailwinds from strong demand and Thomas Cook's demise have 258 words, post on www.reuters.com at January 21, 2020. This is cached page on Trend . If you want remove this page, please contact us.