easyJet reports £318m loss for third quarter

easyjet reports 318m loss for third quarter

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.

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