24th Jul 2024 10:42
(Alliance News) - easyJet PLC on Wednesday said it is on track to deliver another "record-breaking summer" following a strong third quarter.
The Luton, England-based budget airline said pretax profit increased by 16% to GBP236 million in the quarter that ended June 30 from GBP203 million a year before.
easyJet said revenue increased by 11% to GBP2.63 billion from GBP2.36 billion a year before. It attributed this to an 8% increase in passenger growth in the quarter.
easyJet said that seats flown were up 7% to 28.1 million for the quarter from 26.2 million a year before.
The airline added that it has now sold 69% of bookings for the final quarter.
Chief Executive Officer Johan Lundgren commented: "Our strong performance in the quarter has been driven by more customers choosing easyJet for our unrivalled network of destinations and value for money".
Looking forward, easyJet expects to continue the trends of the third quarter for a capacity of around 100 million seats for the 2024 financial year.
easyJet shares were up 5.4% to 450.84 pence per share in London on Wednesday morning.
By Lydia Doye, Alliance News reporter
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