Trading Statement

easyJet PLC
23 September 2004



For immediate release
                                                              23 September 2004


UPDATE ON TRADING AND CAPACITY GROWTH REVIEW

easyJet, the leading European low cost airline, is providing the following
routine statement on trading prior to entering its close period ahead of its
2004 preliminary results and announcing the planned capacity growth rate for
2005.

Ray Webster, Chief Executive of easyJet said:

'easyJet has enjoyed improved trading during the final quarter of 2004. I'm
pleased to report that the actions we are taking to strengthen our competitive
position have begun to pay off.'

Trading update

Since the beginning of August, easyJet has announced 16 new routes and 9 new
destinations, cut Zurich and reduced capacity to Copenhagen and Amsterdam as
part of an ongoing programme to drive down costs. Changes were made to
approximately 10% of the network during fiscal 2004.

As anticipated, load factors have remained in the high 80s during the summer.
For the whole of the 2004 financial year passengers should exceed 24.2 million
and revenue growth, including ancillary activities, is likely to be
approximately 16%.

Despite continuing volatility in fuel prices, pre-tax profit is now expected to
exceed £60 million, at least 16% higher than 2003.

Yields are expected to remain under pressure during 2005. easyJet will continue
to make optimum use of its scale of operations, working in partnership with
suppliers particularly airports, to cut costs.


Update on capacity growth review

easyJet's fleet today consists of 93 aircraft. While the capacity growth review
is ongoing, easyJet is currently planning to increase the number of aircraft in
its fleet by approximately 16% in 2005, less than the 24% rise previously
planned. Further details will be given when easyJet reports its preliminary
results for the 12 months to September 2004 on the 23 November 2004.


                                     END


For further details please contact:

easyJet plc


Press:
Toby Nicol, Corporate Communications                       [phone]


Analysts:
Chris Walton, Finance Director                             [phone]

Cliff Hide, Investor Relations                             [phone]


There will be an analyst and investor conference call at 9:00 hours BST on 23
September 2004.  For further details, contact Sara Freeman at Financial Dynamics
on 020 7269 7134.


                      This information is provided by RNS
            The company news service from the London Stock Exchange