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easyJet revenue per seat increased

Staff writer |
easyJet announced its 2014 half year results. Total revenue per seat increased by 1.5% year on year on a constant currency basis, and by 2.6% per seat on a reported basis, to 54.80 pounds.

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Total revenue was 1,702 million pounds.

This was driven, in part, by a number of digital and revenue management initiatives, increased average sector length and allocated seating. In the 12 months to March 31, 2014 easyJet carried 12 million business passengers for the first time. Average load factors increased by 0.4 percentage points to 89.0% whilst capacity grew by 3.6% to 31.1 million seats.

Cost per seat excluding fuel grew by 0.5% on a constant currency basis and by 0.8% on a reported basis to 39.20. The planned year on year cost increases in maintenance and lease costs were offset by lower than expected levels of de-icing and disruption in the second quarter and by the early delivery of a number of easyJet lean initiatives. easyJet lean delivered 14 million pounds of annualised savings in the six months to March 31, 2014.

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