easyJet maintains steady growth

TD Guest Writer

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easyjet
easyJet will operate 58,000 flights in summer 2014

easyJet has maintained its high load factor by seeing similar growth in both passenger numbers and additional flights in its first quarter results.

The Luton-based carrier’s aircraft are 88.7% full, having grown the number of seats available by 4.1% to 16.1 million.

This resulted in a passenger increase of 4.2% to 14.3m, and resulted in revenue per seats grow 3.4% to GBP55.71 per seat.

Bookings so far this year are in line with the same period in 2013, with the carrier expected to report a first-half loss before tax between GBP70m-90m.

This will be impacted by Easter falling in April this year instead of March.

“easyJet has made a good start to the year. We have delivered revenue per seat growth in the quarter against a challenging competitive environment and the tough comparison with the prior year,” said easyJet’s chief executive Carolyn McCall. “The performance in the quarter demonstrates our continued focus on cost, progress against our strategic priorities and easyJet’s structural advantage in the European short-haul market against both the legacy and low-cost competition.”

As well as 10 new flights from the UK this summer, new bases in Naples and Hamburg will help strengthen the airline’s network.

Klook.com

EXPERT OPINION

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