easyJet record figures

Following a victory against founder and rebel shareholder Sir Stelios Haji-Ioannou regarding a new jet order (See BTN 15 July), easyJet’s CEO, Carolyn McCall, clearly felt herself justified in reporting a robust set of financial figures last week.
 
“easyJet has delivered a strong performance in the third quarter in a benign capacity environment for easyJet”, she said.  “With 73% of second half seats now booked, easyJet expects profit before tax for the year to 30 September 2013 to be between £450m and £480m compared to the £317m profit before tax reported in the prior financial year assuming no further significant disruption”.

Total revenue for the third quarter grew by 10.5% to £1,142m, driven by a 3.6% increase in capacity and improvement in revenue per seat.  Revenue per seat grew by 6.1% at constant currency or by 6.7% on a reported basis to £61.44 per seat driven by network optimisation and the on-going programme of revenue initiatives including the ‘europe by easyJet’ campaign.  The load factor of 88.2% was 0.9 percentage points lower than prior year primarily driven by the timing of Easter which fell on 31 March 2013, a week earlier than in 2012.  Passengers carried increased by 2.6% to 16.4m. www.easyjet.com

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