logo
Plus   Neg
Share
Email

EasyJet Q1 Revenue, Traffic Rise; Sees H1 Headline Loss Better Than Last Year

Low-cost airline easyJet Plc (ESYJY.PK,EZJ.L) reported Tuesday that its first-quarter total group revenue increased 9.9 percent to 1.43 billion pounds from 1.30 billion pounds last year. Passenger revenue increased 9.7 percent to 1.12 billion pounds and ancillary revenue increased 10.8 percent to 301 million pounds.

Passenger numbers in the quarter grew 2.8 percent from last year to 22.2 million, driven by an increase in capacity of 1.0 percent to 24.3 million seats.

Load factor increased by 1.6 percentage points to 91.3 percent.

Total airline revenue per seat increased 8.8 percent at constant currency, outperforming expectations.

Looking ahead, easyJet expects to deliver a first half headline loss before tax better than previous year's loss of 275 million pounds.

For the year ending September 30, easyJet, excluding easyJet holidays, expects capacity to grow by around 3 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC is advancing with its proposed rule to ban padded, pillow-like crib bumpers amid increasing incidents of infant injury and deaths. In a statement, the agency said it voted unanimously last week to move forward with rulemaking on a federal safety standard for crib bumpers. Taco Bell is giving away free tacos across the United States on Tuesday, March 31 as a gesture to thank people for showing up for their communities during the coronavirus pandemic. Taco Bell is owned by Yum! Brands Inc. The Mexican-inspired restaurant chain usually offers free taco giveaways during major sporting events such as the NBA Finals or World Series. Aircraft major Boeing Co. received a $1.5 billion production contract from the U.S. Navy for the next trance of 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six for the Republic of Korea Navy and four for the Royal New Zealand Air Force. The U.S. Navy's contract comes at a time when the aircraft maker continues to struggle amid the 737 Max crisis and COVID-19.
Follow RTT
>