easyJet sees solid increase in April passenger numbers
Budget airline easyJet saw a strong year-on-year increase in passenger numbers in April, whilst flying fuller planes.
Budget airline easyJet saw a strong year-on-year increase in passenger numbers in April, whilst flying fuller planes.
The group flew 5,124,597 passengers last month, up 8.6% on the 4,717,402 in April 2011. This compares with the 4,629,241 flown in March 2012, up 4.4% year-on-year.
Worth noting, passenger numbers represent the number of earned seats flown, whether of not the passenger turns up as easyJet is a no-refund airline..
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Meanwhile, the load factor, which is a measure of how full its planes are, improved from 86.5% to 89.3% year-on-year. This was also ahead of the 88.8% load factor in March.
The group also said that the rolling 12-month number of passengers in April 2012 improved to 56,200,567, up 7.1% on last year, while the rolling 12-month load factor increased by one percentage point to 88.2%.
"Although the economic environment remains weak, easyJet's strategy of affordable fares and our focus on making it easy for our customers ensures that easyJet is well positioned to deliver good results for shareholders," the company Chief Executive Carolyn McCall said in late March.
In the airline's first half (ended March 31st), the group said that its financial performance is expected to exceed previous guidance due to "the strength of easyJet's network, focus on the customer, excellent operational performance, disciplined capital allocation and rigorous cost control combined with exceptionally low levels of disruption."
BC
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Higher rates are disappearing – should you fix your savings?
Fixed savings rates have dropped to their lowest levels in over a year. Should you fix your savings now ahead of a potential base rate cut in November?
By Katie Williams Published
-
Nine million people fall victim to financial scams, says Citizens Advice
The charity says that around one in five people across the UK have been caught out by a finance scam in the past year - here is how to protect your money
By Chris Newlands Published