Lets be absolutely clear here on easyJets financial 'bad news'.
The figures announced were a profit, before tax, of £72.3m on a 12 month rolling basis. This compares to £22.5m the year before.
This against a backdrop of :-
Half-year revenues of £440m up 18%
Passenger numbers up 15.9% to 10.8m
High load factors improved further by 1.1 % pts
Yields improved by 1.6%
Clearly Hudson Bay is going to be disapointed in his wet dream of easyJet going bust. I think most people understand that there is going to be a battle in the low cost skies of Europe over the next 2 years.
Ryanair and easyJet will emerge. The rest - well if they aren't making money now then I hope they have deep deep pockets. As some do.
Ben.