Thursday, January 26, 2012

NEWS | easyJet cautiously confident on strong performance

easyJet cautiously confident on strong performance
easyJet has reported a 16.7% rise in revenues for the first quarter to £763 million, which the carrier attributes to its affordable fares.
Passengers carried over the three months to the end of December increased by 8.1% to 12.9 million, and the load factor increased by 0.9 percentage points to 87.6%.

Meanwhile total revenues were up by 16.7% to £763 million driven by strong improvement in unit revenues which were up 9.2% to £51.83 per seat.
the carrier revealed its cost performance benefited from the absence of the snow disruption experienced in the same quarter last year. Consequently, cost per seat excluding fuel reduced by 1.6% on a reported basis.
Excluding the impact of the disruption, planned increases in airport charges and crew costs meant that cost per seat excluding fuel rose by 2.5%.
Revenue per seat at constant currency grew by 7.7% as reported revenues benefited from the strength of the swiss franc.


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