Sumary of easyJet reports £318m loss for third quarter:
- easyJet has reported a loss before tax of £318 million for the third quarter of the financial year.
- The low-cost carrier said it had maintained a “disciplined approach” to capacity and cash management during the three months to June.
- As a result, total cash burn during the quarter reduced to £55 million.
- Fixed costs plus capex have averaged £34 million per week, outperforming the £40 million per week guidance given at quarter one.