EasyJet blames ‘competitive environment' as winter losses grow [Yahoo! Finance Canada]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance Canada
This came despite a 7% rise in passenger numbers for the period, as well as growing profits at package holiday arm easyJet holidays and the continued reduction in costs from flight disruption. EasyJet attributed its financial performance to it being the first winter running bases at the Italian airports of Milan Linate and Rome Fiumicino. It added that it will take time for “capacity investments to reach maturity”, and that there is a “continued competitive environment in specific markets”. EasyJet chief executive Kenton Jarvis said: “We have seen continued demand for our flights and holidays over the last quarter, growing airline passenger numbers and load factor, with easyJet holidays maintaining its strong growth trajectory attracting 20% more customers year on year. “Our focus on, and investment in, customer experience and punctuality is driving strong results, with a four percentage point rise in customer satisfaction and on-time performance year on year. “Bookings are
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