Bloomberg News

EasyJet CEO McCall Sees Higher Profit in 2012, El Pais Reports

April 15, 2012

EasyJet Plc (EZJ), Europe’s second- biggest discount carrier, may post higher profit this year after trimming losses during the low season, El Pais reported, citing Chief Executive Officer Carolyn McCall.

EasyJet is holding off opening new routes in Spain because of uncertainty about charges at the country’s biggest airports, Barajas in Madrid and El Prat in Barcelona, the Madrid-based newspaper reported today, citing McCall.

McCall said Spain’s previous government “compared Barajas with Charles de Gaulle in Paris without taking into account that the profit Charles de Gaulle allows is much higher than in Madrid,” El Pais reported.

Spain is the most competitive market in Europe for the airline industry and its capacity is “irrational” given the returns available, McCall told El Pais.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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