23rd Jan 2014 07:48
LUTON (Alliance News) - UK-based low-cost airline easyJet PLC (ESYJY.PK, EZJ.L) Thursday said it carried more number of passengers in its first quarter and load factor increased 0.1 percentage points from last year.
In an interim management statement, the company said passengers carried in the period increased 4.2% to 14.3 million, and load factor improved 0.1 percentage points to 88.7%. Seats flown grew 4.1% to 16.1 million.
Total revenue grew 7.7% to 897 million pounds. The company noted that revenue per seat grew as expected by 3.4% on a reported basis to 55.71 pounds per seat or by 1.4% at constant currency despite strong prior year comparators from post-Olympic trading in the UK and a challenging competitive environment.
Looking ahead, the company expects first half loss before tax to be in the range of 70 million pounds to 90 million pounds, assuming normal levels of disruption.
In the first half of 2013, Easter fell on March 31, resulting in 25 million pounds additional revenue, while in this financial year Easter will fall in April, the firm said.
Copyright RTT News/dpa-AFX
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