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Old 18th Nov 2003, 21:09
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Uncle Monty
 
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Quote from OCT 9 posting by ALLMCC regarding ezy / BFS and the prospects of the company turning a profit in the current financial year.

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"All i am saying (in laymans terms) is that to go from a £48m loss to a £50m profit in less than 12 months will require nothing short of a miracle! If you add reducing load factors ( by EJ's own admission), increasing fuel costs, increasing competition from other locos (particularly a certain Irish based concern) then it seems even more like a pipedream.

"Adding additional rotations to routes out of BFS will simply result in more aircraft with more empty seats and lower load factors. it simply doesn't add up! Air travel in/out of N Ireland doesn't revolve around EJ. There are other operators such as BA, BMI & Flybe who have served the province for years & long before Easyjet was even thought of. I suspect they will still be there after Easyjet is consigned to the annals of history."

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EZY's FULL YEAR FIGURES - RELEASED TODAY - SHOW IT TO TO BE A HIGHLY PROFITABLE COMPANY. £52 million pre-tax profit. Given the exceptional nature of the first-half the airline looks well set to go on to bigger and better things in the years ahead. The annals of history will have to wait a while
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