easyJet PLC annouced it achieved record passenger numbers, a higher load factor and a strong profit in the summer months, despite “major external shock events and disruption”, morningstar.co.uk reports.
The low-cost airline said it carried a record 22.0 million passengers in the three months ended September 30, easyJet’s financial fourth quarter, while its load factor was 93.9%. It said passengers benefited from low fares across its network, with revenue per seat at constant currency decreasing by 8.7% year-on-year.
easyJet said it faced a difficult operating environment hit by “major disruption”, exchange rate fluctuation, and lower leisure travel demand after multiple terrorist attacks across Europe and North Africa.
In the full financial year to September 30, easyJet expects cost per seat excluding fuel at constant currency to have decreased by 1.1% year-on-year, slightly better than its previous guidance, while cost per seat including fuel is expected to have decreased by 4.6%.
easyJet did say, however, that the weakening of sterling since the UK’s vote to leave the EU has hurt the company, and will reduce full-year results by GBP90 million, which is a GBP35 million increase on the hit it had predicted when the referendum was held on June 23.
easyJet added that pretax profit will be between GBP490 million and GBP495 million in the full year.
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