easyJet passengers and revenues up
26.01.12
easyJet reported revenues up 16.7% to £763 million in the last three months of 2011 as passenger numbers rose 8.1%. However, the budget airline said that comparisons with the same period last year were flattered by last year's business being heavily disrupted by snow, which meant that the costs of flying per seat - a key measure of profitability - had fallen by 1.6%.
The airline flew a total of 12.9 million passengers in the period. Total fees and charges increased by 26.7% to £5.88 per seat. It continued to make steady progress in attracting business passengers, whose numbers grew by 200,000 to 2.3 million passengers in the quarter.
easyJet chief executive, Carolyn McCall, said the airline had made a strong start to the year and she was ‘cautiously confident’ in her outlook for the business, despite the tough economic environment and the negative impact of a weak euro.
The airline said that 70% of its first half flights (to the end of March) were booked, and said it should recover a £100m increase in its fuel bill via increased revenues to leave losses for the first half between £140 and £160m, compared with the £153m loss reported in the first half of last year.
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