easyjet exellence
The start to a new year needs some positive news. I would like to say a massive thankyou to all the cabin crew and pilots at easyjet.
Your professional, dedicate commitment to exellence has produced a staggering result for the year 08/09.
This has probably been the worst recession since the depression of 1930
yet dispite several airlines going to the wall. easyjet have managed to increase turnover,passenger numbers, and profit per seat.
Due to your superb performance you have produced a profit in excess of £390 million. This would be considered a great performance in the best economic enviroment, but to produce this world class result in the current climate is quite remarkable.
As you are aware the company posted a profit of 54.7 million(source LSE)
This is due to another remarkable achievement , this time by management.
The management lost 330 million by hedging fuel at the wrong price.(source FT) therefor reducing our profit.
To all you hard working men and woman at the front line well done!