EasyJet yesterday said rising fuel costs have forced it to reduce its full-fiscal-year forecast of a 20% year-over-year increase in pre-tax earnings (ATWOnline, Feb. 8). The LCC said that at the time of its forecast, forward fuel price for summer 2008 was $840 per tonne but now has risen to more than $1,000 per tonne. It is hedged for 40% of its requirements at $750 per tonne but said it "is unlikely that such a large and immediate fuel increase could be mitigated in the short term by ...

Subscribe to Access this Entire Article

"EasyJet cuts full-year forecast" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.