Passengers and profits head skyward at easyJet

14-11-2006

Passengers and profits head skyward at easyJet
Low cost airline easyJet has reported a 56 per cent rise in full-year profits to £129 million, the highest in the company's history.

During the last 12 months 33 million people flew with the airline, up 12 per cent from last year, with the group's revenue increasing by six per cent.

easyJet also today announced the order of 52 new Airbus A319 to be delivered before the end of the decade, giving the airline outstanding plane orders of $4 billion (£2.1 billion).

The Luton-based airline now operates 262 routes via 74 airports to 21 countries in Europe and north Africa.

Andy Harrison, chief executive of easyJet, today said that the company's results were even more impressive considering the 33 per cent increase in fuel costs.

"Our profits increased by 56 per cent to a record £129 million, despite the big increase in fuel costs. Our profit growth was driven by a 34 per cent increase in ancillary revenues per seat, significant improvements in passenger yields and a continuing reduction in our non fuel unit costs."

And regarding the Airbus order, Mr Harrison said the transaction represented a commitment to both "our growth and our environmental credentials".

"The combination of our modern fleet, with an average age of 2.2 years, and high utilisation means that we emit nearly 30 per cent fewer emissions per passenger kilometre than traditional airlines flying similar routes," he added.


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