EasyJet remains on course despite London attacks
Last month’s London terrorist bombings hit demand for flights to the capital, EasyJet admitted today.
But the no-frills carrier, releasing passenger statistics for July which showed a year-on-year rise in carryings of of 18% to 2.8 million, said that “barring further incidents” the attacks are not expected to have a material impact on the result for the year.
In the quarter to the end of June, the airline’s revenue was up by 19.5% to £342.9 million while carryings rose by more than 20% to 7.6 million.
Cheif executive Ray Webster said that since the end of the third quarter performance had been affected by a number of external factors.
He said: “On the negative side, the fuel price has continued to rise, and the US dollar has strengthened against sterling. But on the positive side, these factors have been more than offset by our efforts to improve our revenue mix, by the growing diversity of our network and by the fact that we have chosen not to impose fuel surcharges on our passengers. In the current market, our already low fares are now even more attractive.”
EasyJet revealed a 61% increase in the sterling fuel cost per seat flown in the third quarter. Without this, unit costs fell by 2.6% over the same three months last year.
The airline operated a fleet of 95 aircraft, 10 more than the third quarter of 2004, achieving totla revenue per seat up 1.5% to £38.43.
Report by Phil Davies
Phil Davies
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