seems a solid set of results. importantly the fares holding up a lot better than Ryanair.
Profits are ok as they screwed up the hedging strategy badly.
Passenger numbers are poor as the carried 38.4 million before buying GB airways, GB carried 6 plus million so at Jan 08 total combined was 44.5 Million now its 45.2 Million or a 1.5% growth since Jan 08. Over same time frame FR have gone from 49.6 Million to 62.3 Million seats sold.
Easyjet making less than £1 per passenger over full year, FR making over £9 per passenger based on half years results.