easyJet making profit again with 'record performance'

12 May 2015

Bitterwallet - easyjet The folks at easyJet will be thrilled this week, as they herald all that lovely profit after a "record performance".

Their results for the six months to 31st March showed a pre-tax profit of £7m, which is not bad at all, considering that the same period last year saw them making a loss of £53m.

So what caused this upsurge? Well, easyJet said that Easter being earlier helped to boost their revenue and profits, as it fell inside the reporting period, when normally, it doesn't. Fuel bills being somewhat cheaper didn't do them any harm either.

easyJet's revenues grew as they made an average profit of 21p per seat, trouncing the previous year's results of a £1.70 loss per seat.

Chief executive Carolyn McCall said: "easyJet has delivered a record performance in the first half of the year by continuing to deliver its strategy of making travel easy and affordable for passengers. The profit in the half reflects the delivery of our customer focused revenue initiatives and a strong finish to the ski season as well as the benefit we received from the lower fuel price and favourable foreign exchange movements."

"As we enter the important summer season forward bookings are in line with last year and as we predicted passengers are benefiting as fares fall to reflect a more competitive operating environment and lower fuel costs."

TOPICS:   Travel

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