easyJet expects 'slightly better' results in H1

Wednesday, 14. April 2021 08:28

EasyJet plc reported on Wednesday that it is updating the financial outlook for the first half of 2021 and expects to post slightly better-than-expected results.

Thanks to restructuring and cost reduction programme, the airline now sees loss before tax in the range of £690 to £730 million in the six month period.

"easyJet has maintained a disciplined approach to flying during the first half of our financial year, resulting in a first half loss and cash burn better than expectations. We continue to have access to significant levels of liquidity alongside easyJet's major cost-out programme which continues to deliver ongoing cost and efficiency benefits. All of this positions us well to lead the recovery," Chief Executive Johan Lundgren said.

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Author:
Baha Breaking News (BBN) / MD