EasyJet passengers up 14% in September but yields down in second half
EasyJet passenger carryings rose by more than 14% to 3.4 million last month over September 2006.
The low fares airline expects pre-tax profit growth for the year to September 30 “to be towards the top end of our earlier guidance of 40% to 50%”.
Total profits will be boosted by an £11 million one-off benefit from the write-back of an investment in The Airline Group, easyJet said.
But the airline revealed that yields in the second half of its financial year were down by almost seven per cent, measured as total revenue per seat.
“This is in line with our guidance and reflects our commitment to offering Europe’s lowest fares to the most convenient airports,” a statement said.
“As we have previously stated, we will show substantial improvement in operating costs and second half unit costs, excluding fuel, will be reduced by over 10%.”
The carrier plans to add 15% more capacity in the coming year and expects total revenue per seat over the winter to be “broadly in line” with last year, including revenues from checked in bags.
The airline’s preliminary results are due out on November 20.
Chief executive Andy Harrison said: “We are pleased with our performance over the last financial year having achieved significant improvements in margins despite the doubling of APD (Air Passenger Duty) in the UK and record fuel prices.”
by Phil Davies
Phil Davies
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