easyJet reports record full-year profit

LCC happy at London Gatwick, France, Switzerland

Another major European budget carrier reports a profit. easyJet has posted a record pre-tax full-year profit of £317 million (€394 million) for the year ended September 30, an increase of 27.9% from the previous financial year. This is despite a £182 million rise in unit fuel costs. Minus tax, profit was £255 million, up from £225 million the previous year.
Revenue was up 11.6% to £3.85 billion, total revenue per seat up 5.9% to £58.51. The airline said there was strong traffic throughout the network except for Spain. It is especially happy with routes from London Gatwick, France and Switzerland.
In related news, easyJet announced that it will fly a Manchester-Moscow service from next spring. The carrier announced it had won the rights to operate flights between London Gatwick and Moscow in October.
ATW / TTG Digital


Check Also

Avia, Toyota, app, service, technology, connected, fleet, cars, hire, rental, business, app

Avis boosts fleet of “connected vehicles”

The car hire giant will add 10,000 Toyota vehicles to its expanding connected fleet.

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

easyJet, Oslo, Gothenburg, Berlin, flights, travel, Tegel, Air Berlin, 23, Stockholm, Helsinki, Copenhagen

Two new Nordic Berlin routes fill vacuum

easyJet is filling many holes left by Air Berlin, launching routes from Germany to a number of Scandinavian airports.

Johan Lundgren, women, pilots, easyjet, salary, wage, cut, Mccall, ITV, airline, management, CEO, equal pay, pay gap

easyJet’s Swedish CEO takes wage cut

Equal pay between men and women is increasingly under scrutiny in large companies.

Norwegian, transatlantic, low-cost, long-haul, South America, Argentina, company, business, domestic, Buenos Aires

Norwegian breaks speed record

A New York to London flight smashes the transatlantic record.

SAS closes in on big Airbus order

Deal would include up to 50 A320neo aircraft.