EasyJet reported 6.3% better revenueStaff writer ▼ | November 19, 2014
EasyJet reported results for the year ended September 30, 2014. Total revenue was 4,527m pounds, 6.3% better than in the previous year.
Good period Revenue per seat increased by 1.2%
The growth in revenue per seat was driven in part by a number of digital and revenue management initiatives and a continued focus on capital allocation. Second half revenue per seat on a constant currency basis grew by 1.9%.
Seats flown grew by 5.1% to 71.5 million. Load factors increased by 1.3 percentage points to 90.6% and passenger numbers rose by 6.6% to 64.8 million.
Cost per seat excluding fuel decreased by 1.2% on a reported basis but increased by 0.6% on a constant currency basis to 37.70 pounds driven by increases in charges at regulated airports offset by the continued delivery of easyJet lean initiatives. Second half cost per seat on a constant currency basis increased by 0.7%.
easyJet lean delivered sustainable savings of 32 million pounds in the year of which 18 million pounds were delivered in the second half. CFM selected to supply engines for future deliveries of current and new generation aircraft delivering one-off cost savings. ■