Profits up at easyJet despite tough climate

Profits up at easyJet despite tough climate

Low-cost airline easyJet has reported a 10.5 per cent jump in revenue for the third quarter of the financial year.

In total the Luton-based carrier recorded revenue of £1.03 billion for the period.
This accompanied a 7.5 per cent increase in seats flown and a 10.9 per cent increase in passengers to 16 million.

Chief executive Carolyn McCall said: “easyJet’s focus on the customer, tight operational and cost management and strict allocation of capital across its leading network means that it is able to continue to perform well financially and operationally despite a tough environment for consumer facing businesses.”

Average revenue per seat was up 4.7 per cent to £57.58.

The carrier pointed to the success of its ‘europe by easyJet’ campaign, a new mobile app and allocating more capacity into higher yielding markets as reasons for growth in a challenging environment. 

The airline said around three quarters of summer seats were now booked.

easyJet is considered the World’s Leading Low-cost Airline by the World Travel Awards.