Transcription of Annual Report 2016 - easyJet plc
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Annual Report 2016 - easyJet plc
Annual Report and accounts 2016 INVESTING IN OUR STRENGTHS Annual Report AND ACCOUNTS 20162016 has been a year of uncertainty. The aviation industry in particular has faced many challenges: low oil prices and interest rates; the continuing impact of terrorism; the decision for the UK to exit the European Union; and increased market capacity sustained by a low fuel price, have all contributed significantly to the position of our business today. However, in these unpredictable times easyJet has continued to pursue its strategy for disciplined growth and long-term shareholder value. This year we have made considerable investments in our business. We have further strengthened the network, continued to invest in projects to deliver customer benefits and cost savings and reinforced the balance sheet. This will enable us to target long-term earnings growth and drive long-term value to our Report easyJet at a glance2 Our business model4 Chairman s letter6 Chief Executive s review7 Overview7 Our market context8 Our strategy9 Outlook15 Key performance indicators16 Financial review18 Going concern22 Viability statement22 Key statistics23 Risk24 Corporate responsibility32 GOVERNANCEC hairman s statement on corporate governance43 Board of Directors44 Executive Management Team46 Corporate governance report4
Market cap of £4b SAFETY UNDERPINS EVERYTHING WE DO 257 aircraft Over 10,000 people 18.3m app downloads over 73.1m passengers (1) Based on a share price of £10.07 at 30 September 2016. 4 easyJet plc Annual report and accounts 2016
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