EasyJet sales rise in third quarter

EasyJet sales rise in third quarter

EasyJet saw total revenue increase by 10.5% to £1,033 million as passengers carried grew by almost 11% to 16 million in the airline’s third quarter.

The passenger load factor was up by 2.8 percentage points to 89.1% in the three months.

Total revenue per seat rose by 4.7% to £57.58, helped by a number of initiatives including the budget carrier’s recently launched mobile app.

The carrier said around three quarters of summer seats were now booked, in line with the level achieved at the same time last year.

“Fourth quarter revenue per seat is anticipated to be broadly in line with the third quarter,” EasyJet said.

Chief executive Carolyn McCall said: “The continued strong operational and financial performance of the business combined with the fall in the price of jet fuel means that profit before tax for the year ending 30 September 2012 is anticipated to be in the range of £280 million to £300 million, at current fuel and exchange rates, assuming no significant disruption.

“EasyJet’s focus on the customer, tight operational and cost management and strict allocation of capital across its leading network means that it is able to continue to perform well financially and operationally despite a tough environment for consumer facing businesses.”

Reporting results for the three months to June, EasyJet warned that the London Olympic games will present “operational challenges” to its London bases.

The airline said steps had been taken to protect its operational performance during the games. Operational staff levels have been strengthened and daily Olympics meetings have been introduced.

“EasyJet has seen a fall in demand for flights touching London during the Olympic period, both from inbound business travellers and outbound leisure travellers, but forward bookings show a recovery once the games have concluded,” the carrier said.


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