easyJet flies more passengers on fuller planes in December

Budget airline easyJet managed to increase both its passenger numbers and load factor in last month, the company announced on Monday morning.

Budget airline easyJet managed to increase both its passenger numbers and load factor in last month, the company announced on Monday morning.

Passenger numbers, which represents the number of booked seats flown (irrespective of whether or not the customer turns up) increased by 4.9% to 4,339,836 in December 2012, compared with 4,135,562 the same month the year before.

This pushed up the rolling 12-month passenger number over 59m, up 6.7% year-on-year.

Meanwhile, the load factor - a key measure that airlines use to calculate how full their planes are - improved by 2.3 percentage points (pp) from 85.6% in December 2011 to 87.9% last month. The rolling 12-month load factor rose 1.4pp to 88.9%.

The airline reported in November that full-year revenue for the year ended September 30th 2012 had risen 11.6% to £3,854m, while pre-tax profit jumped 27.9% to £317m, after an average 7.1% increase in passenger numbers over the period.

The company more than doubled its dividend per share to 21.5p.

easyJet, with a market capitalisation of around £3.23bn, has seen shares surge by around a third (+32.18%) over the last three months.

Recommended

Best junior stocks and shares ISA platforms
Isas

Best junior stocks and shares ISA platforms

A junior stocks and shares ISA is a great way to save for your child tax-efficiently. But it can be confusing deciding which investment platform to ch…
28 Mar 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into
2 Mar 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
27 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023

Most Popular

Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Ofgem’s price cap is now predicted to fall to around £2,000, based on average typical use, for the first time since 2022. We have all the details.
31 Mar 2023
Best areas for buy-to-let in the UK
Buy to let

Best areas for buy-to-let in the UK

If you’re thinking of getting a buy-to-let property you’ll want to know the areas in the country with the highest rental yields
29 Mar 2023
The best one-year fixed savings accounts - March 2023
Savings

The best one-year fixed savings accounts - March 2023

Earn over 4% on one-year fixed savings accounts.
30 Mar 2023