EasyJet Sees No Damage From Euro Crisis, Welt am Sonntag Reports

EasyJet Plc (EZJ) Chief Executive Officer Carolyn McCall said the sovereign-debt crisis has had no effect on Europe’s second-largest low-cost airline, Welt am Sonntag reported.

People “don’t seem to be willing to let events in Brussels ruin their summer holidays,” McCall told the German newspaper in an interview. “Of course, that could change any day.”

The low-cost carrier seeks to increase the proportion of its passengers travelling on business to between 20 percent and 23 percent in the next five years, up from about 18 percent today, she said. EasyJet has hedged its kerosene needs for the coming months to 80 percent against rising oil prices, she told the newspaper.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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