Half Year 2019 Easyjet PLC Earnings Call Transcript
First of all, thank you very much for coming here today, and good morning to everyone and to our half year 2019 results update. I'm here together with Andrew Findlay, our CFO; as well as members of the airline management board, who sits here. Also take the opportunity, if you want to speak to any of them after the presentation, I'm sure they will be more than happy to have a discussion with you on anything that you'd like to ask about within the company.
I'm pleased to say that we have delivered the first half that was in line with our previous expectations whilst recognizing that we have incurred a significant loss in the first period. Revenue reflected a number of headwinds, such as the impact of new accounting standards, and the shift of Easter into the second half. However, underlying revenue per seat was positive. We have responded by bringing more focus on delivery of our plans in the second half, accelerating and increasing a number of customer revenue operations and cost initiatives, which now underpin our outlook for the rest of the year.
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