Stan
- 22 Jan 2019 08:15
- 408 of 408
EasyJet updated the market on its trading for the quarter ended 31 December on Tuesday, saying it delivered a "good performance", with robust customer demand driving passenger and ancillary revenue, which was in line with expectations. The FTSE 100 low-cost airline said total revenue in the first quarter increased by 13.7% to £1.296bn, with passenger revenue rising by 12.2% to £1.025bn and ancillary revenue improving 19.9% to £271m. Positive revenue performance was offset, as the board expected, by the impact from the prior year's one-off revenue benefits, the dilutive impact of flying at Berlin Tegel, and new accounting standards delaying the recognition of revenue.