EasyJet announces interim profit
easyJet today announced a profit before tax for the six months ended 31 March 2002.
The pre-tax profit was £1.0m, compared with a £10.3m loss in 2001, and revenues were up 36% to £194m, compared with £143m in 2001.
It is the first time in easyJet’s history that a profit has been reported for the first half. The no-frills airline said this result was due to strong passenger demand, the timing of Easter and few serious weather related disruptions.
Commenting on the results, Ray Webster, Chief Executive of easyJet, said: “These results reflect the continued success and robustness of the easyJet business model. We have been able to benefit from the major changes in the European aviation industry. In the last twelve months 8.3 million passengers flew with easyJet, with around 90% of customers continuing to book through the internet.
“The introduction of five new routes from Gatwick linking existing destinations demonstrates easyJet’s continuing strategy of concentrating on network density. Over the summer, easyJet will serve 45 routes from 19 airports.
“The recently-launched services from London Gatwick are proving popular with our customers.
“Since the half-year end, services have been launched from Paris Charles de Gaulle to Liverpool and three further services from the French capital are starting later in the second half. Though demand is anticipated to be strong, yields are expected to be immature and advertising expenditure higher as the market is developed.”
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt