easyJet PLC
05 October 2007
5 October 2007
EASYJET PASSENGER STATISTICS FOR SEPTEMBER 2007
____________________________________________________________________
Month ending September 2007 September 2006 Change
Passengers1 3,438,261 3,011,145 + 14.2%
Load Factor2 85.2% 86.5% - 1.3 pp
____________________________________________________________________
Rolling 12 months ending September 2007 September 2006 Change
Passengers1 37,230,079 32,953,287 + 13.0%
Load Factor2 83.7% 84.8% - 1.0 pp
Total Revenue (unaudited)3 £1,797m £1,620m + 11.0%
__________________________________________________________________
Passenger growth remained strong for September, up 14.2% versus the same month
last year. With the financial year now completed, we expect pre-tax profit
growth to be towards the top end of our earlier guidance of 40% to 50%. However,
total pre-tax profit for the year to 30 September 2007 will exceed this
guidance, taking into account a £11m one off benefit from the write-back of the
investment in The Airline Group Ltd.
Yields for the second half, measured as total revenue per seat, were down 6.8%
versus last year. This is in line with our guidance and reflects our commitment
to offering Europe's lowest fares to the most convenient airports. As we have
previously stated, we will show substantial improvement in operating costs and
second half unit costs, excluding fuel, will be reduced by around 10%.
We will continue to execute our stated strategy in the new financial year,
adding 15% capacity and further improving return on equity. During the winter we
expect total revenue per seat, including revenues from bag charging, to be
broadly in line with last year.
Growth continues to focus on Southern Europe, in particular Milan and Madrid,
where we have now based a total of 12 aircraft. Our network development
continues apace and yesterday we announced plans to significantly increase our
presence in France. The launch of our 18th and 19th bases at Paris Charles de
Gaulle and Lyon underpins our position as France's number one low-cost carrier.
Andy Harrison, easyJet Chief Executive said:
'We are pleased with our performance over the last financial year having
achieved significant improvement in margins despite the doubling of APD in the
UK and record fuel prices.'
Preliminary results will be reported on 20 November 2007. For the next financial
year the format of our monthly traffic statistics will change slightly, with
more detailed quarterly trading updates replacing 12 month rolling revenue data.
END
For further details please contact:
easyJet plc
Financial:
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.