easyjet reported earlier. rex it did. bang in line with expectations is not good enough to send the share price higher. they said it could potentially decrease a little bit. once again, read tax is better that -- pretax is better than expected. they are becoming more profitable. they are taking on amazing technological leaps and bounds. drones, 3-d glasses, just to make sure they can analyze any disruptions to the airplane, any concerns, inspect planes for damage faster. scrapping paper manuals, they are set to save half a billion pounds per year. eight, cut a kilo of w 20,000 pounds per year in terms of fuel. amazing. when they start worrying about what we way, i am going to be concerned. >> david, you are watching airbus's morning. this morning. >> the earnings fell, but they still beat the expectations of analysts and maintained their guidance for the year. that is important. they are on track to deliver their first a350 two qatar airlines by the end of the year. also important, along with the restructuring, which is b

easyjet has just released its first-quarter earnings. joining us to take a look is easyjet's ceo.on the program. thank you for joining us. i am sure you are pleased that losses have narrowed in the first half compared to the same time last year. can you tell us where it is performing strongly? heust spoke to peter and described the u.k. market as excellent. i wondered what your geographic experience was. lex we have had very solid progress to have a 13% reduction in our loss year on year with easter moving. move froma very big the first half to the second half. that is about 25 pounds of revenue. to decrease our loss in that period is good progress. the reason for that, we are catching more business passengers. we have hit the 12 million upestone, passenger numbers 4% on the half-year. and our yield is stronger. our revenue proceeds have gone up. it is one of the most popular things we have ever done for our passengers, business and leisure passengers alike. we are very focused on our easyjet program, which is all about how we manage our space. that keeps our fares very affordable

trying to do the same thing as easyjet and ryanair.eing a bit more friction, a bit more head to head competition in some places. i think that means the kind of pressing performance will be a little bit challenging for them in the future. >> legacy players coming in here as well. >> thank you very much. we are back in a couple of minutes. ♪ australian government has announced plans to abolish its renewable energy agency. the treasurer says that governments will save 1.2 billion australian dollars over five years by abolishing the australia renewable energy agency. >> chile is developing hydroelectric plants as well as additional incentives for renewable energy. the president says it is part of a strategy to combat high electricity prices. renewable energy will account for 45% of the generating capacity between now and 2025. >> a british company is turning cheese into bio plastics. it has announced the first ever production of lactic acid. it is a major breakthrough and the resulting lactic acid can be used for industrial strength and he

. >> easyjet says they are boosting capacity by more than six percent. what is that going to do to prices? >> we have less capacity, although we are a much bigger airline. we will grow by about four percent this year. strongly in the first half. we expect the average fare to be up more than six percent. the winter is the unknown factor. we are cautious on the outlook for the winter. >> zero visibility on second half yield. is that normal? >> absolutely normal. most people have not decided what they're going to do this winter yet. we have a lot more bookings in place than we had at this time last year. it is normal to have very little visibility. ask if the world cup going to be something that distracts people -- >> if the world cup going to be something that distracts people? >> they may make more plans, but our booking profiles, we are in a strong position. >> tell me about some of the other initiatives you have been launching. allocated seating, a better improved website. our customers noticing? -- our customers noticing? what kind of feedback are you

also, in trysting hiring for them, carolyn mccall, head of easyjet. they want to employ her knowledge of global brands, travel, and consumers. she used to be head of guardian media as well. they lose one prominent female and gain another. their brand doing online? >> this is fascinating. this company is going against the grain. the likes of giorgio armani and other key companies in the getry space, they tend to proctor and gamble, l'oreal, brands that are better at making makeup to do it for them. they are going to do it themselves. they will hire 100 executives to spearhead this across the board in really interesting ways. not only are they creating their own dedicated boutique, it is called the burberry beauty box. >> i actually went in yesterday. nail polish. >> i was too embarrassed to ask. instead of cash registers, there were people walking out just like in the apple store, where you can actually check out -- >> it is all on your ipad. it is all about digital. you can go into the shop and do it. alibaba inzon, china. this is fascinating. instead

easyjet, at the moment, is not living up to the euphoria we have seen.ven though we saw earnings and profitability improve, there was a net loss overall, better than it was this time last year. sales up 6%. far moreseeing business travelers. this is a stock that has done nominally well over the last few months. perhaps investors wanted to see eerars euphoria -- sh euphoria if they are going to keep piling into this stock. about thiscinating company is some of the novel ways they are trying to cut costs. >> cutting use of paper. >> they want to use ipads or cabinets with in -- or tablets within the cockpit rather than these heavy manuals. it will save about half a million pounds a year. if you cut a kilo out of the plane, you save $20,000 a year. amazing amount. just by taking things off the edges. taking the next technological leap, they are looking at drones, 3-d glasses. the drones are set to analyze damage. we are likely to see damage, maybe like lightning strikes a plane today. bodyant to see whether the of the aircraft has been hurt. grounded for is

lewis, we love you, too. >> easyjet sent in the drones. this is in "the times."thinking about using drones to survey the integrity of aircraft after bird strikes and lightning strikes using a drone to just work out how damaged the aircraft is. apparently it will take them only one hour to do a survey that would take them only two days. you can see why that makes a big difference. there will be fast turnarounds. you program it to hover just a meter or so away from the surface and it manages to relay the data back to a 3-d modeling computer. >> drones are taking over. >> i thought you were going to say they were replacing pilots and i was very concerned. >> they don't need to hover. jon, thank you very much indeed. a strategycting update from barclays breaking in a few minutes time. >> we will speak to the ceo of randgold in a few minutes. ♪ . . >> barclays revamp. revise the unit's profitability. we will speak to ceo anthony jenkins at the top of "on the move." >> germany's largest retailer shrugs off problems in russia saying the performance in the country remain