Quarter 3 2011 Interim Management Statement

Highlights (figures below are for the quarter ended 30 June 2011):

Total revenue grew by 23.2% to £935 million

Number of seats flown rose by 17.1% to 16.7 million, load factors improved by 0.2 percentage points to 86.3% and sector length declined by 1.6%. There was a 17.3% growth in passengers (8.8% growth excluding the impact of the 2010 volcano)

Total revenue per seat grew by 5.2% to £56.02, up 4.6% on a constant currency basis. Passenger revenue grew 3 by 2.5% to £44.37 per seat as capacity investments made in F’10 and the first half of F’11 began to mature. Ancillary revenues grew strongly up 17.0% per seat to £11.65 as a result of management actions taken in the second quarter

easyJet had £112 million of net cash as at 30 June 2011

On Time Performance continues to improve and was above 80% for the network in the quarter

Continued good progress in implementing the strategy outlined last November including the launch of a flexible fare on easyJet.com to enable our ‘travelling on business’ initiatives. The number of passengers travelling with easyJet on business in the quarter increased by 20%

August is the important trading month for easyJet but with over 75% of summer seats now sold we expect at current fuel and exchange rates4 to deliver a pre-tax profit for the year ended 30 September 2011 of between £200 million and £230 million assuming normal conditions which approximates to a ROCE for the year of between 10% and 12%

Commenting on the results, Carolyn McCall, easyJet Chief Executive said:

“The strong operational and commercial performance in the quarter reflects the continued successful implementation of the strategy we outlined last November.

August is the important trading month for easyJet but with over 75% of summer seats now sold we expect at current fuel and exchange rates4 to deliver a pre-tax profit for the year ended 30 September 2011 of between £200 million and £230 million assuming normal conditions and a ROCE for the year of between 10% and 12%.

Against the backdrop of high fuel prices and an uncertain economic environment, the strength of easyJet’s trading demonstrates it is well placed to succeed”.