Andrew Harrison halves easyJet stake

Andrew Harrison, boss of easyJet, has pocketed £1.3m from the sale of almost half his stake in the budget airline.

Harrison, chief executive since December 2005, offloaded 400,000 shares at 326p each, leaving him with just under 439,000 shares.

That's not a bad price in the current market, being close to a four-month high and well above last November's 3-year low of 220p.

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Easyjet's revenue forecast figures, published last week, shows the no-frills carrier is benefiting from an increase in European passengers, while it also continues to win market share from more established competitors.

Revenue for the first half is now expected to be ahead of previous guidance after revenue growth in the first quarter came in ahead of expectations - up 32% to £550m. Easyjet anticipates total revenue per flown seat for the second quarter to be slightly ahead of last year on a constant currency basis.

The majority of EasyJet's customers now originate outside the UK. In the first quarter, 51% of its customers came from outside the UK compared to 43% in the first quarter of the last financial year.

Top Director Buys

Value: £52,500

Value: £50,000

Value: £24,000

Value: £12,630

Value: £10,650

Value: £10,250

Top Director Sells

Value: £1,304,400

Value: £132,000

Value: £48,000

Value: £12,000

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