easyJet’s third-quarter revenue rose 2% to £3.0bn (£2.9bn expected). Growth in its Airline business was driven by higher ancillary sales, which more than offset a small decline in passenger numbers. The Holiday business saw revenue climb 14% higher, helped by high single-digit customer growth.
Underlying pre-tax profit fell by 70% to £85mn, driven by higher fuel and operational costs.
The net cash position declined 18% to £0.7bn.
The Airline business has sold 68% of its fourth-quarter seats, down two percentage points from last year, with pricing broadly flat. The Holiday business has sold 87% of its fourth-quarter capacity.
No full-year underlying pre-tax profit guidance was given, however, market forecasts have fallen since the half-year mark and now suggest an 81% decline to around £129mn.
The shares rose 5.6% in early trading.
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easyJet key facts
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