easyJet profits jump 78%
EasyJet has announced profits of £71.6 million for the year.
The profits for the the financial year to 30 September 2002 are 78 percent higher than last year. Revenues increased by 55 percent, to £552 million, and passenger numbers increased 60 percent to 11.4 million.
The no-frills carrier managed to increase profits despite a decrease in the average net fare by four percent to £46.
Much of the airlines success was down to organic growth and the acquisition of Go this summer. EasyJet also has the option to expand into the German no-frills market through the acquisition of Deutsche BA, which it does not need to make a decision on until August 2003.
As planned, easyJet chairman, Stelios Haji-Ioannou has stepped down, and his replacement, Sir Colin Chandler, has taken over.
Read our previous stories:
19-Nov-2002 easyJet holds onto hotels partner
07-Oct-2002 Easyjet’s agency website will be non-commission
13-Sept-2002 https://www.travelmole.com/item/90522
[Stelios will make early exit]
19-August-2002 Easyjet rationalises Belfast to Scotland services
2-August-2002 Going, going, gone: easyjet completes Go takeover
16-May-2002: Ryanair welcomes easyJet acquisition of Go
8-May-2002: EasyJet takes option to buy BA’s German airline
7-May-2002: No-frills consolidation is ‘inevitable’ says analyst
06-May-2002: easyJet to buy no-frills rival Go for £400m
18-Apr-2002: EasyJet chairman to resign
19-Feb-2002 Report says BA was wrong to sell Go
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 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airbnb eyes a loyalty program but details remain under wraps
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026