easyJet PLC
07 July 2006
7th July 2006
EASYJET PASSENGER STATISTICS FOR JUNE 2006
UPGRADE TO GUIDANCE: PROFIT UP 40% TO 50%
____________________________________________________________________
Month ending June 2006 June 2005 Change
Passengers(1) 2,990,169 2,586,889 + 15.6 %
Load Factor(2) 87.6% 85.6% + 2.0 pp
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Rolling 12 months ending June 2006 June 2005 Change
Passengers(1) 32,122,137 28,291,843 + 13.5 %
Load Factor(2) 84.4% 85.1% - 0.7 pp
Total Revenue (Unaudited)(3) £1,535m £1,261m + 21.8 %
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For the three months from April to June, unit revenue (total revenue per seat
flown) was up 17% compared with the same period last year. This is partly
attributable to the timing of Easter, which did not fall in the comparative
quarter in 2005, but also reflects underlying revenue strength.
Commenting on the results, Andy Harrison, easyJet Chief Executive said:
'We are pleased with another strong month continuing our recent trends. Despite
hesitations about the effect of the World Cup on non-Germany travel, we have
seen good performances throughout our network as we continue to execute our
strategy and focus on rigorous management of performance on a route by route
basis.'
'We now expect passenger revenue per seat to be up 3% to 4% for the full year,
and expect growth in ancillary revenue per seat to be around 30%. To support
our busy summer period and fulfil our schedule, we are sub-chartering a limited
number of aircraft on a short-term basis. This will impact costs in the second
half. We now expect unit costs excluding fuel (costs excluding fuel per seat
flown) to fall by approximately 3% for the full year compared with FY 2005.'
'The improved revenue outlook leads us to increase our profit guidance.
Previously our profit guidance for the full year was growth of 10% to 15%; we
now expect pre-tax profit growth for the full year to be in the range of 40% to
50%.'
The scheduled Q3 trading update and accompanying statistics will be released on
7 August 2006 as planned.
END
For further details please contact:
easyJet plc
Financial:
Julia Collins, Investor Relations +44 (0)1582 525 258
Andrew Barker, Investor Relations +44 (0) 1582 525 982
Press:
Toby Nicol, Corporate Communications +44 (0) 1582 525 339
(1) Represents the number of earned seats flown. Earned seats include seats that
are flown whether or not the passenger turns up because easyJet is a
no-refund airline, and once a flight has departed a no-show customer is
generally not entitled to change flights or seek a refund. Earned seats also
include seats provided for promotional purposes and to staff for business
travel.
(2) Represents the number of passengers as a proportion of the number of seats
available for passengers. No weighting of the load factor is carried out to
recognise the effect of varying flight (or 'stage') lengths.
(3) Represents statutory revenue (unaudited)
This information is provided by RNS
The company news service from the London Stock Exchange
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