Easyjet 300
Budget airline easyJet reported a near-doubling in losses today as the airline battled higher fuel prices and challenging consumer conditions.
Pre-tax losses increased 94% to £153 million in the six months to March 31 after the latest surge in the price of jet fuel cost it an extra £43 million and it absorbed an increase in air passenger duty.
Passenger numbers increased 12% to 23.9 million despite the disruption from the snow in December, which caused the widespread cancellation of flights.
Total revenues per seat fell by 2.1% as the group struggled to pass on the combination of rising fuel prices and increased air passenger duty in the weak consumer environment.
Chief executive Carolyn McCall said: “The past six months has been tough with sharply rising fuel costs combined with cautious behaviour by consumers and an adverse impact from taxes on passengers.”
She warned that although easyJet has absorbed some of the price increases it may put up its prices if fuel prices remain high. I
Most companies these days are familiar with the value of a CRM system in relation to storing relevant client data and details, but there are other functions of CRM that people are less aware of. For example, an effectively functioning CRM system can be used to generate sales and increase staff productivity.
This week I finish the two-part letter on the Endgame and give you my thoughts on the economy and how it all plays out over the next five years.
I am referring to your finances … ! 