easyJet under its new management

Luton-based easyJet, under the new management of former Guardian executive Carolyn McCall, is to introduce a flexible fare targeted at business travellers.  The tickets will give passengers unlimited flexibility to change their flight up to two hours before the scheduled departure time.  Initially it will only be available through business booking channels, including Global Distribution Systems (GDS) and self-booking tools used by travel companies and at a later date will be accessible to all passengers.

At the same time the airline, now 15 years old, reported a £121.3m net profit for its fiscal year ended 30 September, a 70.4% increase on the previous 12 months.  A dividend was suggested for 2012.

As of 30 September, easyJet’s fleet numbered 196 aircraft, a net increase of 15.  It returned nine Boeing 737-700s and three Airbus A320s to their lessor and took delivery of eight A320s and 19 A319s during the year.  It operated on a network spanning 509 routes (28 underperforming routes were closed and 115 new routes were launched) connecting 125 airports.  Expansion was focused on mainland Europe, and 53% of all passengers now originate outside the UK. www.easyjet.com

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