Summer Trading Statement

easyJet PLC
22 July 2003


Embargoed until 7.00am, Tuesday 22 July 2003


easyJet plc: Summer trading update


As promised, easyJet plc is providing an update on trading for the summer
months.


Commenting on summer trading, Ray Webster, Chief Executive, said:

'We have had a good summer to date and the current level of forward bookings for
the remainder of the financial year is showing strong growth and, importantly,
currently demonstrates similar load factors to those seen at the same time last
year although at marginally lower average yields. However, we remain highly
dependent on the final quarter's trading, in what are still uncertain market
conditions, for the achievement of our full profit potential. Management
continues to focus on reducing costs and enhancing ancillary revenues.

'easyJet continues to see good growth opportunities throughout Europe and is
well placed to take advantage of these with its particular low-cost model. Over
80 airports responded to our tender for network expansion and a shortlist has
been drawn-up from which we will select those to support our planned expansion
in continental Europe.'



Statutory figures for the three months ending 30 June 2003

For the quarter to 30 June, easyJet's trading has been in line with the outlook
statement contained in the Interim announcement on 7 May. High load factors were
maintained and, while yields in the third quarter continued to come under some
pressure compared to last year, the relative reductions have been less than
those seen in the first half of the company's financial year.



Yields

As planned, the slower rate of capacity increase has contributed to reduced
pressures on yields. The average fare achieved in the third quarter was £46.08,
representing a decline of 2.8% from the comparable period in the prior year.
This is an improvement upon the decline seen in the first half of the financial
year.


Passengers and load factors

The load factor for the third quarter was 84.8%, an increase of 1.8% points from
the figure of 83.0% for the corresponding period in 2002. Passenger numbers in
the three-month period were up 98% to 5.223 million, which is in line with the
planned increase in capacity. Available Seat Kilometres were 5.5 billion in the
period, an increase of 118% and Revenue Passenger Kilometres were 4.7 billion,
an increase of 123%. The average sector length was 896km, an increase of 12.6%.



For further details please contact:

easyJet plc
Toby Nicol, Corporate Communications                   [phone]
Chris Walton, Finance Director                         [phone]



Notes



Conference Call

There will be a conference call for fund managers and analysts this afternoon at
14:30 London time. To participate in the conference call, contact Catherine
Segrave at UBS Investment Bank on [phone].



Note: Pro forma figures for the three months ending 30 June 2003

The average fare for easyJet and Go in the comparable period for 2002 was
£47.09. The average load factor was 82.3% on passenger numbers of 4.287 million.
Available Seat Kilometres were 4.4 billion in the period, and Revenue Passenger
Kilometres were 3.7 billion. The average sector length was 854km.



                                      END


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