easyJet PLC (OTCPK:ESYJY)
$ 6.22 -0.25 (-3.86%) Market Cap: 4.68 Bil Enterprise Value: 4.46 Bil PE Ratio: 8.49 PB Ratio: 1.30 GF Score: 80/100
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Q3 2021 Easyjet PLC Trading Statement Call Transcript

Jul 20, 2021 / 07:45AM GMT
Release Date Price: $10.74 (+1.04%)
Operator

Hello, and welcome to the easyJet analyst call. My name is Molly, and I'll be your coordinator for today's event. Please note that this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Johan Lundgren, to begin today's conference. Thank you.

Johan Peter Lundgren
easyJet plc - CEO & Director

Thank you very much for that, and good morning, everyone, and thank you for joining us to discuss easyJet's Q3 2021 Trading Update. With me on the call are Kenton Jarvis, our CFO; as well as Michael from our IR team, and Peter and Sophie who's joining as well. You should have been sent the statement along with the slides, which are also available on our corporate website. I will talk through the presentation and then follow up with time for your questions.

So starting on Slide 2. easyJet has delivered in line with Q3 financials with cash burn for the period ahead of expectations. Cash burn is improving with only GBP 55 million total cash burn in the third quarter. Our liquidity balance remained strong at circa GBP

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