easyJet sees return to growth in seat revenue in third quarter

easyJet sees return to growth in seat revenue in third quarter

Luton-based easyJet has revealed total revenue per seat rose 2.2 per cent for the three months ended June 30th, when stripping out exchange-rate fluctuations.

The low-cost carrier had projected a low single-digit per-seat revenue decline in the period after the key performance metric fell 9.7 per cent in the first six months.

At the same time, revenue rebounded 16 per cent to £1.39 billion over the period.

The results bring to an end a period of sharp declines in seat revenue and ease the steep drop in full-year profit expected this year.

However, full-year pre-tax profit could fall more than 20 per cent this year after a challenging start to the year.

In a statement to markets today, the carrier said profit before tax should be somewhere between £380 million to £420 million for the financial year ending September 30th.

easyJet ended last year with a 28 per cent drop in pre-tax earnings to £495 million.