easyJet PLC
07 August 2006
07 August 2006
EASYJET Q3 STATISTICS
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Three months ending June 2006 June 2005 Change
Passengers (m)1 8.8 7.6 +15.8%
Load factor2 86.0% 84.9% +1.1pp
Total revenue3 (£m) 460.2 342.9 +34.2%
Total revenue per seat4 (£) 45.07 38.43 +17.3%
Average operating aircraft 110 95 +16.3%
ASKs (bn) 9.9 8.4 +18.7%
RPKs (bn) 8.6 7.1 +20.6%
Average sector length (km) 973 941 +3.6%
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Note: easyJet does not publish full quarterly results, but issues a trading
statement for the first and third quarters as a supplement to its regular
monthly passenger statistics (see separate release for July statistics).
Q3 performance
At the time of the June traffic statistics, easyJet commented on the strong
revenue performance for the quarter ended 30 June 2006 and upgraded its guidance
for the full year. We are maintaining our guidance that pre-tax profit growth
for the full year will be in the range of 40% to 50%, and we now expect full
year capacity growth to be in the region of 13% and expect unit revenue and unit
costs to be slightly higher than our previous guidance.
Throughout the quarter, unit revenue remained strong across the network,
reflecting pro-active yield management and buoyant market conditions. Targeted
marketing and promotional activity helped raise awareness, with the number of
unique visitors to the website up 60% for the quarter compared to the same
period the previous year. At the same time ancillary revenue was up 32% per seat
year on year.
easyJet continues to expand and improve its customer offering through growing
its network and improving schedule quality and routes offered. In the quarter
easyJet started flying 19 new routes, among them further expansion from our
youngest base at Milan Malpensa where we now operate 12 routes to destinations
in Spain, Italy, Germany, France, Greece, the UK and Portugal. 11 routes were
also launched connecting UK bases in London, Scotland and Liverpool with various
European destinations; and 4 routes began operating between bases in France and
Switzerland and destinations in Italy, Spain, and Turkey. The easyJet footprint
has expanded further outside the EU, and easyJet now serves 21 countries with
the recent additions of Croatia, Turkey, and Morocco.
In June, easyJet announced plans for significant expansion from London Gatwick
this winter with a new three-times daily service to Glasgow starting in October,
and added frequencies on routes serving Madrid, Milan, Cologne, Athens, Berlin
and Amsterdam. This has been partly facilitated by the re-deployment of
aircraft from under performing routes. easyJet now operates 121 aircraft on 267
routes between 74 airport in 21 countries.
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)
4. Represents total revenue divided by the number of seats flown available for
passengers.
END
For further details please contact:
easyJet plc
Julia Collins, Investor Relations +44 (0) 1582 525 258
Andrew Barker, Investor Relations +44 (0) 1582 525 982
Toby Nicol, Corporate Communications +44 (0) 1582 525 339
This information is provided by RNS
The company news service from the London Stock Exchange
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