Businessweek

easyJet plc announced unaudited consolidated earnings and operating results for the six months ended March 31, 2013. For the period the company reported total revenue of £1,601 million compared to £1,465 million in the same period last year. Loss before tax was £61 million compared to £112 million in the same period last year. Loss per share – basic was 12.0 pence compared to 21.2 pence in the same period last year. Return on capital employed was 0.9% compared to 2.8% in the same period last year. Net cash generated from operating activities was £292 million compared to £92 million in the same period last year. EBITDAR was £63 million. The net book value of property plant and equipment decreased by £203 million driven principally by the sale and operating leaseback transactions on 14 aircraft entered into in the period. Purchase of property, plant and equipment was £92 million compared to £106 million in the same period last year. Purchase of other intangible assets was £5 million compared to £5 million in the same period last year. Operating loss was £40 million compared to £99 million in the same period last year. Loss for the period was £47 million compared to £90 million in the same period last year. Adjusted net debt, including leases at seven times at March 31, 2013 was £211 million against £672 million at March 31, 2012. For the six months, the company reported passengers of 26.6 million against 25.2 million a year ago. Load factor was 88.6% against 86.9% a year ago. Available seat kilometers were 31,241 million against 30,785 million a year ago. Seats flown were 30.0 million against 29.0 million a year ago. Revenue passenger kilometers were 28,395 million against 27,329 million a year ago. The company expects capacity is expected to grow just over 4% growth in the third quarter. The company expects revenue per seat growth at constant currency for the six month period to September 30, 2013 is expected to be around 4%. The company expects to deliver improved returns and profitability and tax rate is likely to be around the 20% mark for the year ending September 30, 2013.

easyJet plc, H1 2013 Earnings Call, May 15, 2013

easyJet plc announced that from 1 May 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. John Barton is also Chairman of Next plc and Catlin Group Limited, the international insurance underwriters. John Barton's appointment by easyJet will be on the same terms as Sir Mike Rake. John brings a wealth of plc board experience and valuable commercial expertise to easyJet. He has chaired major quoted companies for over 16 years, has sound financial expertise and great understanding of high profile, competitive consumer markets from his time at Next.

easyJet plc announced operating results for the month and twelve months ended March 2013. For the month, passengers were 4,872,934 against 4,629,241 a year ago. Load factor was 90.5% against 88.8% a year ago. For the twelve months, passengers were 59,733,896 against 55,793,372 a year ago. Load factor was 89.4% against 88.0% a year ago.

easyJet plc revised its operational outlook for the six months to March 31, 2013. For the period, the company expect capacity growth to be 3.3% from 3.5% of previous guidance. Revenue per seat (constant currency) to be more than 8.5% from 6% to 8% of previous guidance. Cost per seat ex fuel (constant currency) to be more than 3.5% from 3.5% to 4.5% of previous guidance. First half loss to be between GBP 60 million to GBP 65 million from between GBP 50 million to GBP 75 million of previous guidance.