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EasyJet revenue grew to £931 million

Staff writer |
EasyJet posted its trading statement for the quarter ended December 31, 2014. Total revenue grew by £34 million to £931 million and revenue per seat grew by 0.8% on a reported basis to £56.16 per seat or by 3.7% at constant currency.

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Seats flown grew by 2.9% to 16.6 million. Passengers carried increased by 4.1% to 14.9 million, and the load factor increased by 1.0 percentage point to 89.7%.

The growth in revenue per seat was driven by disciplined allocation of capital across the network, revenue management and digital initiatives and growth in business passenger revenue.

Full year cost per seat is expected to be in line with the guidance given at the full year results and be up by 2% on a constant currency basis. As expected in the quarter cost per seat excluding fuel decreased by 0.2% on a reported basis and increased by 3.7% on a constant currency basis.

The increase at constant currency was primarily driven by anticipated increases in charges at regulated airports, mainly in Germany and Italy, crew costs associated with building a resilient operation ahead of base openings, the phasing of marketing expenditure on the business traveller punctuality campaign and an increase in maintenance costs associated with the planned ageing of the fleet.

Cost per seat including fuel decreased by 2% on a reported basis and increased by 1.6% on a constant currency basis.

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