AGM Statement

easyJet PLC
14 February 2003

Embargoed -Not for release before 10:00 Friday 14 February 2003



14 February 2003
easyJet plc

AGM Statement



At the Annual General Meeting held at 10:00 today in Luton, Sir Colin Chandler,
the Chairman of easyJet plc, provided the following statements in his comments
to shareholders:

easyJet continues to implement its proven strategy for strong growth in
passenger volumes.  In today's market place, easyJet will continue to use low
prices to bring value to customers, to stimulate the market and to further
disadvantage competitors.

Forward booking volumes for flights over the spring and summer periods are
encouraging but, in line with current market trends, softer yields than in the
same period last year continue to be experienced.

For the four months ended January 2003, easyJet's load factor is not materially
different to the load factor of the proforma combined easyJet and Go Fly
operation for the same period last year.

Historically, easyJet has usually shown a loss in the first half of the
financial year and has generated the majority of its profits in the last quarter
of the financial year.  This year, the timing of Easter, falling in April, will
aid the second half of the financial year.  Although current forward bookings
are robust, the overall profile of the last quarter's revenue, and hence the
full year outcome, will not become apparent for at least several months.

The integration of Go Fly has proceeded much faster than originally planned and
operations are running well.  Pricing and sales are now conducted from unified
systems and the benefits of creating a larger airline are beginning to be
realized.

There has been some speculation about Deutsche BA.  The rationale for the option
to acquire Deutsche BA remains valid, but easyJet has to be certain that its
business model can be fully applied before deciding whether to exercise the
option.  An indication of easyJet's intentions is likely to be made public later
in the year.

Your Board continues to be confident about the future prospects of easyJet and
believes that the Company is particularly well placed in the current environment
to continue to grow the business in line with its stated strategy.



END

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