Key Developments: easyJet plc (EZJ.L)
1,188.00GBp
17 May 2013
-23.00p (-1.90%)
1,211.00p
1,211.00p
1,211.00p
1,181.00p
2,437,645
1,618,110
1,276.01p
474.70p
Latest Key Developments (Source: Significant Developments)
EasyJet PLC Comments On H2 2013 Guidance
EasyJet PLC announced that second half of 2013, it expects capacity to grow by around 3.5%, with just over 4% growth in third quarter of 2013. And with almost 50% of second-half seats now booked, trading continues to be in line with the expectations. Revenue-per-seat growth at constant currency and including the expected uplift from allocated seating is expected to be around 4%. Full Article
EasyJet PLC Announces Appointment Of John Barton As Non-Executive Chairman
EasyJet PLC announced that from May 1, 2013 John Barton is to join the easyJet Board as a non-executive director and will take over from Sir Mike Rake as the Company's Non-Executive Chairman. Sir Mike will stand down from the Board on the same date. Full Article
easyJet plc Sees H1 2013 Performance In Line With Prior Guidance
easyJet plc announced that it expects to deliver a first half 2013 performance in line with the guidance given in the January 24, 2013 Interim Management Statement. Revenue per seat growth at constant currency for first half 2013 was c. 8.5%, marginally ahead of the guidance issued on January 24, 2013, driven in part by stronger than anticipated late bookings in the run up to Easter. easyJet's first half revenue per seat growth was approximately 1.5% points higher due to the timing of Easter which fell on March 31, a week earlier than 2012. Full Article
easyJet plc Announces Board Change-DJ
Dow Jones reported that easyJet plc said Michael Rake is stepping down as Chairman of the Company later this year. The Company said Mr. Rake will stand for re-election at next month's annual meeting to give the budget airline time to appoint a successor. Full Article
easyJet plc Recommends Dividend
easyJet plc announced that its Board has recommended paying an ordinary dividend of 21.5 pence per share at a total cost of £85 million, an increase of 104.8%. The recommended ordinary dividend will be paid on March 22, 2013 to those shareholders on the register at the close of business on March 1, 2013 with an ex-dividend date of February 27, 2013. Full Article
easyJet plc Raises FY 2012 Pre-Tax Profit Guidance
easyJet plc announced that for fiscal 2012, it expects pre-tax profit of between GBP310 million and GBP320 million compared with the previous expectation of a pre-tax profit of GBP280 million to GBP300 million. According to I/B/E/S estimates, analysts were expecting the Company to report pre-tax profit of GBP298 million for fiscal 2012. Full Article
easyJet plc Plans To Close Madrid Base-Reuters
Reuters reported that easyJet plc said that it planned to cut flights to and from Madrid by 20% after ceasing to base aircraft and employees there, and would now review options for its eight aircraft and 310 crew members in the capital. The easyJet plc said this was due to a combination of over capacity in the Spanish airline market, leading to low revenue per passenger, as well as rising airport charges. The airline will fly to Madrid from other European cities with higher returns. easyJet plc said it was now reviewing a range of options for its eight Madrid based aircraft and 310 crew and added that all of its pilots and cabin crew would be offered a job in the airline's other bases. Full Article
easyJet plc Raises H1 2012 Pre-Tax Guidance
easyJet plc announced that the Board's expectation for a pre-tax loss for the first half of 2012 is now between GBP110 million and GBP120 million compared with the previous expectation of a pre-tax loss of GBP140 million to GBP160 million and a first half loss in 2011 of GBP153 million. Full Article
easyJet plc Announces Dividend And Special Dividend
easyJet plc announced that the Board has recommended a one-off return to shareholders, structured as a special dividend, of GBP150 million. Taken together with the ordinary dividend of GBP0.105 per share, this provides an estimated total cash return to shareholders for the year of GBP195 million or GBP0.454 per share to be paid on March 23, 2012 to those shareholders on the register at the close of business on March 2, 2012 with an ex dividend date of February 29, 2012. Full Article
easyJet plc Pre-close Statement For The Year Ended 30 September 2011
easyJet plc announced that the Board's expectation for profit before tax for the year ending 30 September 2011 is now between £240 million and £250 million compared with our previous expectation of £200 million to £230 million. Full Article
EasyJet first half improves as fleet decision nears
LONDON - Low-cost airline easyJet cut its losses in half in the six months to April and is nearing a decision on whether to upgrade its fleet with updated Airbus or Boeing jets.
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