Another good year for easyJet

Good financial results for year to 30 September were reported last week by easyJet, with profit before tax up £60m over 2017 to £445m. Passenger numbers rose by 10.2% and revenue was up by 16.6% to nearly £5.9bn.

Reporting forward bookings also looking good despite Brexit, CEO Johan Lundgren said the results were driven by “continued focus on the customer offer and easyJet’s primary airports strategy, including expansion into Tegel, and gaining seven new number-one airport positions”.

He added: “EasyJet has delivered a great performance during the year, growing headline profit before tax by 41% and once again flying a record number of passengers at our highest ever annual load factor.

“The integration … at Tegel has also progressed well and our brand consideration in Berlin has grown strongly. Our financial success and increasing customer loyalty demonstrate the resilience of our operations, the underlying strength of our business and our unrivalled customer experience.”

Lundgren said easyJet’s strategy continued to ensure the airline well positioned for the future: “We have made considerable progress on our new initiatives in holidays, business and loyalty, which will enable us to grow profitably,” he added.

“While disruption continues to be a major challenge for the industry, we are investing in resilience to help to mitigate the impact on our customers.”

(See also Emirates joins Worldwide in this issue).

www.easyjet.com

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