easyJet share price: Airline still in talks over some Alitalia operations

London-listed carrier updates on August traffic

easyJet share price: Airline still in talks over some Alitalia operations

easyJet (LON:EZJ) is still in talks over Alitalia’s short-haul operations, Reuters has reported. In a separate development, the London-listed carrier has revealed that it carried more passengers year-on-year last month.

easyJet’s share price has fallen marginally lower in London this morning, having given up 0.27 percent to 1,491.00p as of 09:47 BST. The stock is underperforming the broader UK market, with the benchmark FTSE 100 index having climbed into positive territory and currently standing 0.06 percent higher at 7,388.03 points. The group’s shares have added just under 30 percent to their value over the past year, as compared with about a 0.3-percent gain in the Footsie.

easyJet in talks over Alitalia

Reuters reported today that easyJet was still engaged in discussions with the Italian government over Alitalia’s short-haul operations but any deal needed to make commercial sense.

“Those are the things we are looking for and those are the discussions we are having. And sometimes the discussions are progressing faster and sometimes they are progressing a little bit slower,” the FTSE 100 airline’s chief executive Johan Lundgren pointed out, as quoted by the newswire. While easyJet submitted expression of interest in parts of Alitalia earlier this year, the formation of a new government in Italy has delayed the process.

Airline updates on traffic

In a separate development, easyJet reported today that it had carried 8.22 million passengers last month, marking a 5.6-percent rise on August 2017. The group’s load factor, which measures the number of passengers as a proportion of the number of seats available, rose 0.1 percentage points to 96.4 percent. On a 12-percent rolling basis, traffic rose to 84.1 million passengers, up 5.8 percent, while the load factor came in 1.2 percentage points higher at 93.6 percent.

As of 10:03 BST, Thursday, 06 September, easyJet plc share price is 1,490.50p.

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