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EasyJet revenue was flat at £4,669 million

Staff Writer |
EasyJet reported record number of passengers at 73.1 million, up 6.6% year on year with record load factor at 91.6% (2015: 91.5%) for the year ending September 30, 2016.

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Capacity grew by 6.5% in the period to 80 million seats, as easyJet strengthened its leadership positions in selected markets.

Total EasyJet revenue was £4,669 million (a decline of 0.4%) and revenue per seat was £58.46 (a decline of 6.4%, and of 6.9% at constant currency) reflecting the impact of external events.

Total cost per seat improved by 2.0%, decreasing to £52.26 (a decrease of 4.6% at constant currency).

Cost per seat excluding fuel increased by 2.6% to £38.31 and improved by 1.1% per seat at constant currency, slightly ahead of target, despite high levels of disruption.

Return on capital employed at 14.6% remains significantly above easyJet’s cost of capital.

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