1st Quarter Update

easyJet PLC
07 February 2007



07 February 2007

EASYJET Q1 STATISTICS
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Three months ending                         Dec 2006        Dec 2005     Change

Passengers (m)1                             8.1             7.4          +9.8%

Load factor2                                81.7%           82.2%        -0.5pp

Total revenue3 (£m)                         366.2           318.8        +14.9%

Total revenue per seat4 (£)                 36.79           35.38        +4.0%

Average operating aircraft                  114             101          +13.1%

ASKs (bn)                                   9.5             8.3          +13.8%

RPKs (bn)                                   7.8             6.8          +14.6%

Average sector length (km)                  952             923          +3.1%

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Note: easyJet does not publish full quarterly results, but issues a trading
statement for the first and third quarters as a supplement to its regular
monthly passenger statistics (see separate release for January statistics).

The easyJet network continues to grow with five new routes launched in the
quarter including the three times daily service between Glasgow and London
Gatwick.  Total revenue in Q1 was up 15% year on year to £366m.  The number of
passengers flown grew 10% compared to the same quarter last year, largely due to
capacity increases in Italy and Switzerland, while load factors were broadly in
line with the prior year.  Total revenue per seat grew 4% with passenger revenue
up 2.3% per seat and ancillary revenues, which continue to grow significantly
ahead of capacity, up 22% per seat versus Q1 last year.  Car rental and
insurance partner revenues were particularly strong and our 'Speedy Boarding'
product which gives boarding priority to a limited number of passengers on every
flight is now available across the easyJet network.

In December, the treasury announced the doubling of UK Air Passenger Duty (APD)
from 1st February 2007.  The increase in APD raises over one billion pounds for
the Chancellor but is an ineffective environmental tax.  APD does not cover
freight journeys by air and it does not differentiate between airlines in
recognition of their varying efficiency and environmental credentials.  For
instance, by investing in new aircraft, easyJet has been able to reduce its
emissions of CO2 per passenger kilometre by 18% since 2000, and compared to a
typical European airline easyJet is 27% more fuel efficient per passenger5.
Airlines generate less than 2% of global greenhouse gas emissions6 and easyJet's
fleet is among the most efficient in Europe.  easyJet supports measures to bring
aviation into the European Emissions Trading System (ETS) which is an
international solution to an international problem.  easyJet is working with the
European Commission to ensure that a well designed emission trading scheme is
introduced for the airline industry.  We continue to monitor the impact of APD
on our business.


Outlook

For Q2 we anticipate a slight increase in passenger revenue per seat compared
with the same period last year, with ancillary revenues continuing to grow ahead
of capacity.

In spite of the fall in fuel prices from the summer highs, our average fuel cost
(after hedging) for this first half will be approximately $650 per metric tonne,
7% higher year on year (H1 FY06 avg fuel cost $606/MT).  Continued progress on
non-fuel costs and revenues mean that we expect a pre-tax margin improvement in
the region of 3 to 4 percentage points for the first half.

For the second half, we have 61% of our fuel requirement hedged, 39% using
forwards at an average rate of $659/MT and 22% hedged with collars having a
weighted average floor of $699/MT and ceiling of $776/MT.  For the full year we
anticipate unit fuel costs to be slightly down year on year.

Expected capacity growth for the year to September 2007 remains unchanged at
15%. We anticipate pressure on yields in the second half due to high
comparatives following a strong summer last year and due to continued
competition.  However, our focus on controllable costs and growth in ancillary
revenues mean that for the full year we anticipate an improvement in profit
before tax of between 40% and 50%.




1.Represents the number of earned seats flown. Earned seats include seats that
are flown whether or not the passenger turns up because easyJet is a no-refund
airline, and once a flight has departed a no-show customer is generally not
entitled to change flights or seek a refund. Earned seats also include seats
provided for promotional purposes and to staff for business travel.

2. Represents the number of passengers as a proportion of the number of seats
available for passengers. No weighting of the load factor is carried out to
recognise the effect of varying flight (or 'stage') lengths.

3. Represents statutory revenue (unaudited).

4. Represents total revenue divided by the number of seats flown available for
passengers.

5. easyJet 2006 annual report and accounts 'Corporate and social responsibility
report' available at www.easyJet.com.

6. The UK's Stern Review estimates that aviation emissions currently account for
1.6% of global greenhouse gas emissions.



                                      END

For further details please contact:

easyJet plc

Julia Collins, Investor Relations           [phone]

Toby Nicol, Corporate Communications        [phone]





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