Easyjet see increase in profits and customers

18 November 2014

easyjet Easyjet have announced a 21.5% rise in their annual pre-tax profits.

The company's profits rose to £581m for the 12 months up to September 2014, which is up from £478m the previous year.

This is said to be down to increased passenger numbers, with a 7% rise on them reported, taking the total to 64.8 million people ferried about.

According to chief executive Carolyn McCall, EasyJet had "opened up clear blue sky" between the airline and its competitors. When chief execs say things like that, you just want to kick them up the arse forever, don't you?

The budget no frills airline has a fleet of 226 planes, and said that acquiring some slots at Gatwick from their arch rival Flybe had helped them considerably.

Also, the amount of available seats on Easyjet flights grew by 5.1% to 71.5 million, of which almost 91% were filled.

Easyjet are also seeing customers returning to them, not put off by being cheap and cheery, and 57% of customers are rebooking each year. "When people sample us, when they try us for the first time, they tend not to go back to legacy airlines," McCall told the BBC.

A new loyalty card scheme - which had be trialled on 15,000 passengers - had proven quite popular, as it cut out some of the additional faff and made it easier for regular fliers to come back and forth. It's all reasonably rosy, although they have warned that costs-per-seat may increase due to rising airport, navigation and maintenance charges.

On the other hand, the airline also said an expected fall in fuel prices could drive costs down by as much as £22m over the next six months.

TOPICS:   Travel

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