Airline

easyJet announces Q2 results and raises profit expectations

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easyJet announces Q2 results and raises profit expectations

LCC easyJet has published its Q2 financial results, indicating a rise in total revenue of 8.6%, to £1.24bn.

Total passenger numbers increased by 9.4% to 17.9 million, with load factors increasing by 2.2% to 90.4%.

Total costs per seat also increased by 1% on a constant currency basis; the airline attributing the rise to increased airport charges and planned year-on-year increases in maintenance and leasing costs.

easyJet’s net cash holdings amounted to £603 million.

easyJet CEO Carolyn McCall said: “easyJet has again delivered a solid performance in the quarter carrying 17.9 million passengers and growing revenue by 8.6% to £1,240 million.

“With 77% of second half seats now booked, easyJet expects to grow profit before tax from £478 million for the year to 30 September 2013 to a range of £545 million to £570 million for the year to 30 September 2014 assuming no further significant disruption. This range includes the impact from the situations in Israel, Egypt and Moscow.”