Rising passengers send EasyJet profits skywards

14-08-2006

Low-cost airline EasyJet has maintained its healthy full-year profit growth forecast at between 40 and 50 per cent after revealing that more of its planes were flying closer to full-capacity than before.

In its quarterly trading statement for three months ending June 30th, the firm's average flight was 86 per cent full, an increase of one percentage point compared to the corresponding period last year.

Meanwhile, EasyJet's total number of passengers went up by 15.8 per cent to 8.8 million, with the group's revenue rising by about a third to £460 million.

"Throughout the quarter, unit revenue remained strong across the network, reflecting the pro-active yield management and buoyant market conditions," the company said in a statement.

The airline has also revised its full-year capacity growth to about 13 per cent, which incorporates the predicted benefits from the 19 new routes it began flying during the last quarter.

Passenger numbers in July alone were found to have increased 11.3 per cent against last year's value to 3.12 million, with the average flight 90 per cent full to capacity.


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