easyJet PLC
06 August 2004
For immediate release 6 August 2004
EASYJET SUMMER TRADING UPDATE
___________________________________________________________________
Three months ending June 2004 June 2003 Change
Passengers (m)1 6.3 5.2 +20%
Load factor2 82.9% 84.8% -1.9pp
Average fare (£) 42.97 46.08 -6.7%
Average operating aircraft 84.5 66.9 +26%
ASKs (bn) 6.8 5.5 +23%
RPKs (bn) 5.7 4.7 +21%
Average sector length (km) 903 896 +1%
____________________________________________________________________
Rolling 12 months ending June 2004 June 2003 Change
Passengers (m)1 22.9 18.9 +21%
Load Factor2 84% 84%
Revenue (£m) 1,030 855 +21%
____________________________________________________________________
Footnotes can be found at the end of this statement
Ray Webster, Chief Executive of easyJet said:
'Trading during the third quarter was as expected and the outlook for the full
year remains as indicated in our statement of 7 June.
'At that time we said '... we would expect a stable geopolitical environment to
allow us to generate pre tax profits in the current year that at least exceed
the £52 million achieved last year' and this continues to be our view today.
'Load factors in the two remaining months of the year are holding steady in the
high 80s. Yields remain under pressure.
'As previously indicated, work continues on reviewing our capacity growth and
deployment and we will make a detailed statement before the end of the calendar
year'
END
For further details please contact:
easyJet plc
Press:
Toby Nicol, Corporate Communications +44 (0) 1582 525 339
Analysts:
Chris Walton, Finance Director +44 (0) 1582 525 336
Cliff Hide, Investor Relations +44 (0) 1582 525 274
There will be an analyst and investor conference call at 0930 hours BST on 6
August 2004. For further details, contact Sara Freeman at Financial Dynamics on
020 7269 7134.
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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Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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