Easyjet financial result!
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Easyjet financial result!
So, they made it! Increased the underlying profit before tax by 48% to £191m. Great! But when in pay negetioation with Balpa, this was to be the most difficult year due to hight oil price and increased competition.....
Join Date: Aug 2004
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High oil price
The results just out are so good due to the fuel being hedged some time ago.
In effect the better off airlines buy most of the fuel a year ahead if the price is good. These hedges are running out and the current fuel price at over $900 a tonne makes new hedging less attractive. A year ago the airlines were paying around $650 a tonne for jet fuel.
The credit crunch is going to hurt the airlines this spring. Some people will cut back as the price of their home falls. A weekend break to italy will be the first thing to get cut.
In effect the better off airlines buy most of the fuel a year ahead if the price is good. These hedges are running out and the current fuel price at over $900 a tonne makes new hedging less attractive. A year ago the airlines were paying around $650 a tonne for jet fuel.
The credit crunch is going to hurt the airlines this spring. Some people will cut back as the price of their home falls. A weekend break to italy will be the first thing to get cut.
Join Date: Jan 2006
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and most surprising parts of the message:
and
live 2 fly 2 live
cover the extra costs of local contracts in some countries
and
main areas of cost increase were crew and airport charges
live 2 fly 2 live
