easyJet expects pre-tax profit of 470-480 million pounds
Despite the political unrest in Egypt and the 25 million pounds adverse impact in the second half of the year from the movement of Easter which fell on March 31, 2013, a week earlier than in 2012, revenue per seat at constant currency for the six months to 30 September 2013 is expected to grow by around 6%.
Cost per seat excluding fuel growth at constant currency of c.4% is expected to be in line with the guidance issued on July 24, 2013, with the year on year increase driven primarily by higher charges at regulated airports. Disruption in the three months 30 September 2013 was minimal.
It is expected that easyJet's unit fuel cost in the six months to 30 September 2013 will be approximately 13 million pounds favourable to the six months to 30 September 2012; and that the impact of exchange rate movements (including those related to fuel) will be around 5 million pounds adverse compared to the six months to 30 September 2012.
The board's expectation is for a pre-tax profit for the twelve months ended 30 September 2013 of between 470 million pounds and 480 million pounds compared with the previous guidance of 450 million pounds to 480 million pounds. ■