Easyjet climbs on guidance adjustment

Shares in FTSE 100 budget airline Easyjet (LON:EZJ) rose 4.76% to 1,519p (as of 14:50 GMT) after it said that passenger and ancillary revenues per seat were beating expectations. Cost performance was in line with plans and management said that the first-half loss will now be better than previously thought.

CEO Johan Lundgren commented: “I’m pleased that we have made a strong start to the year with continued positive momentum. The improvement in our revenue per seat has been driven by our self-help revenue initiatives combined with robust customer demand and a lower capacity growth market“.