6th Aug 2014 07:02
LONDON (Alliance News) - Low-cost airlines easyJet PLC and Ryanair Holdings PLC Wednesday reported rises in traffic and load factors for July.
FTSE 100-listed easyJet said it flew 6.4 million passengers during the month, up 7.7% on the 6.0 million passengers flown in July last year. Load factor - the measure of how full its seats were - also rose during the month, up 1.3% to 92.9% from 91.6% in 2013.
On a rolling 12-month basis, the airline said passenger numbers to July 2014 were up 5.9% to 63.8 million, from 60.3 million recorded in July last year. Load factor for the 12-month period was also up, coming in at 90.2% from 89.1% in July 2013.
In July easyJet said that revenue, passenger numbers and load factor increased in the third quarter as the low-cost airline benefited from the timing of Easter as well as good progress in its digital, brand and revenue initiatives. The airline said total revenue for the third quarter to June 30, 2014 rose 8.6% to GBP1.24 billion from GBP1.14 billion last year.
Budget airline Ryanair said Wednesday that traffic in July rose 4% to 9.15 million passengers from the 8.84 million flown in July last year, while load factor was 3% higher at 91% from 88% in July 2013.
The company also said that rolling annual traffic rose 4% to 83 million customers.
Ryanair's Chief Marketing Officer, Kenny Jacobs attributed the growth to lower fares and an improving customer experience, "including our great new website and mobile app, allocated seating, a free 2nd small carry-on bag and PED use on all flights."
Last week Ryanair said that the timing of a very strong Easter boosted its first quarter results as it reported higher revenue and pretax profit for the period, leading the company to "cautiously" raise its full-year profit after tax guidance. The low-cost airline said that in its first quarter to June 30, revenue rose 11% to EUR1.50 billion from EUR1.34 billion in the comparable quarter year. Pretax profit came in at EUR223.6million for the quarter, compared to EUR88.5 million in 2013.
By Alice Attwood; [email protected]; @AliceAtAlliance
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