EasyJet said that in June it carried 2.9 million passengers, up 15.6% compared to the same period last year. The load factor was 87.6%, up 2% on the year before.
For the three months from April to June, unit revenue (total revenue per seat flown) was up 17% compared with the same period last year. This is partly attributable to the timing of Easter, which did not fall in the comparative quarter in 2005, but also reflects underlying revenue strength.
Commenting on the results, Andy Harrison, easyJet Chief Executive said:
“We are pleased with another strong month continuing our recent trends. Despite hesitations about the effect of the World Cup on non-Germany travel, we have seen good performances throughout our network as we continue to execute our strategy and focus on rigorous management of performance on a route by route basis.”
“We now expect passenger revenue per seat to be up 3% to 4% for the full year, and expect growth in ancillary revenue per seat to be around 30%. To support our busy summer period and fulfil our schedule, we are sub-chartering a limited number of aircraft on a short-term basis. This will impact costs in the second half. We now expect unit costs excluding fuel (costs excluding fuel per seat flown) to fall by approximately 3% for the full year compared with FY 2005.”
“The improved revenue outlook leads us to increase our profit guidance. Previously our profit guidance for the full year was growth of 10% to 15%; we now expect pre-tax profit growth for the full year to be in the range of 40% to 50%.”
The scheduled Q3 trading update and accompanying statistics will be released on 7 August 2006 as planned.