Easyjet

Ticker EZJ

Today's data summary

Market closed
% change
-0.55%
Price Pence
984.60
Change
-5.40
As of 23:01 21 May 2019
Market cap. Pound sterling
3,891.22 million
As of 23:01 21 May 2019

Latest updates

Airline and travel shares down

Holidaymaker
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Thomas Cook's well-reported woes - its shares are at five year lows - and Ryanair's less-positive figures published today have hit their rivals.

Budget airline EasyJet is the biggest faller in the FTSE 100 so far today, dropping 3.28% to 99.90, closely followed by holiday firm Tui, down 2.37% to 808.60.

Ryanair shares have fallen almost 6% to 10.18 this morning.

More on Easyjet

drone
Getty Images

Back to Easyjet, which published results earlier.

Ed Monk, associate director at Fidelity Personal Investing's share dealing service, says the first half figures were no worse than expected but "grim nonethless".

"Even an encouraging improvement in customer numbers couldn't prevent the predicted fall in revenue per seat," he said.

The drone delays and cancellations at Gatwick in December caused £10m of costs and the company spent £1.4bn on fuel, he said.

"Brexit, of course, is holding back bookings but it's also true that weak growth on the continent is hurting demand," he added.

FTSE open

woman trader at computer screen
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The FTSE 100 is off 13 points in early trading, at around 7,340.

JustEat is the biggest faller - down 7%, perhaps knocked by that announcement of Amazon's investment in Deliveroo.

The bigger riser is Easyjet, which published results earlier, up 4%.

'Tougher trading environment'

Today Programme

BBC Radio 4

Johan Lundgren
TIM ANDERSON / EASYJET

Johan Lundgren, the chief executive of Easyjet, has been speaking to BBC Radio 4's Today Programme.

He says trading is in line with expectations - no airline expects to make a profit in the winter season - but that conditions are tougher than last year.

"It's not so much that there isn't demand out there but it is definitely a tougher trading environment," he said.

"It's partly down to the uncertainty that existed and exists around Brexit. There are macro-economic uncertainties in a number of European countries," he said.

Easyjet bans nuts on all flights

EasyJet
Getty Images

Easyjet has banned the sale of nuts on flights to help protect passengers with allergies.

The airline will also ban passengers from eating nut products if somebody on board has an allergy to them.

Nut policy among airlines differs. British Airways and Ryanair, ask passengers to refrain from eating peanuts if a fellow passenger has an allergy.

At present there are no rules governing the serving of nuts during flights.