Capacity discipline and rival’s collapse boost EasyJet revenue
EasyJet’s revenue rose nearly 10% in its fiscal Q!, driven by strong demand and the collapse of UK rival Thomas Cook, prompting the airline to raise guidance for the remainder of the year. In a Jan 21 trading statement, EasyJet says it expects revenue per seat for the first half of its financial year to increase by “mid- to high-single digits” compared with previous guidance of a low- to mid-single-digit rise. The carrier expects to deliver a first-half pre-tax loss “better than” the GBP275m (US$359m) loss incurred in the first 6 months of the previous year. EasyJet’s financial year ends Sept 30. Total group revenue for the 3 months ended Dec 31 increased 9.9% to GBP1.43b. This included a 9.7% increase in passenger revenue to GBP1.12b and a 10.8% rise in ancillary revenue to GBP301m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-22/unaligned/capacity-discipline-and-rival2019s-collapse-boost-easyjet-revenue
https://portal.staralliance.com/cms/logo.png
Capacity discipline and rival’s collapse boost EasyJet revenue
EasyJet’s revenue rose nearly 10% in its fiscal Q!, driven by strong demand and the collapse of UK rival Thomas Cook, prompting the airline to raise guidance for the remainder of the year. In a Jan 21 trading statement, EasyJet says it expects revenue per seat for the first half of its financial year to increase by “mid- to high-single digits” compared with previous guidance of a low- to mid-single-digit rise. The carrier expects to deliver a first-half pre-tax loss “better than” the GBP275m (US$359m) loss incurred in the first 6 months of the previous year. EasyJet’s financial year ends Sept 30. Total group revenue for the 3 months ended Dec 31 increased 9.9% to GBP1.43b. This included a 9.7% increase in passenger revenue to GBP1.12b and a 10.8% rise in ancillary revenue to GBP301m. <br/>
