easyJet passenger statistics for June 2006
Upgrade to guidance: profit up 40% to 50%
| Month ending | June 2006 | June 2005 | Change |
| Passengers1 | 2,990,169 | 2,586,889 | +15.6% |
| Load Factor2 | 87.6% | 85.6% | +2.0pp |
| Rolling 12 month ending | June 2006 | June 2005 | Change |
| Passengers1 | 32,122,137 | 28,291,843 | +13.5% |
| Load Factor2 | 84.4% | 85.1% | -0.7pp |
| Total Revenue3 | £1,535m | £1,261m | +21.8% |
For the three months from April to June, unit revenue (total revenue per seat flown) was up 17% compared with the same period last year. This is partly attributable to the timing of Easter, which did not fall in the comparative quarter in 2005, but also reflects underlying revenue strength.
Commenting on the results, Andy Harrison, easyJet Chief Executive said:
“We are pleased with another strong month continuing our recent trends. Despite hesitations about the effect of the World Cup on non-Germany travel, we have seen good performances throughout our network as we continue to execute our strategy and focus on rigorous management of performance on a route by route basis.”
“We now expect passenger revenue per seat to be up 3% to 4% for the full year, and expect growth in ancillary revenue per seat to be around 30%. To support our busy summer period and fulfil our schedule, we are sub-chartering a limited number of aircraft on a short-term basis. This will impact costs in the second half. We now expect unit costs excluding fuel (costs excluding fuel per seat flown) to fall by approximately 3% for the full year compared with FY 2005.”
“The improved revenue outlook leads us to increase our profit guidance. Previously our profit guidance for the full year was growth of 10% to 15%; we now expect pre-tax profit growth for the full year to be in the range of 40% to 50%.”
The scheduled Q3 trading update and accompanying statistics will be released on 7 August 2006 as planned.
1Represents the number of earned seats flown. Earned seats include seats that are flown whether or not the passenger turns up because easyJet is a no-refund airline, and once a flight has departed a no-show customer is generally not entitled to change flights or seek a refund. Earned seats also include seats provided for promotional purposes and to staff for business travel.
2Represents the number of passengers as a proportion of the number of seats available for passengers. No weighting of the load factor is carried out to recognise the effect of varying flight (or "stage") lengths.
3Represents unaudited statutory revenue, which includes the invoiced value of airline and ancillary services, net of passenger tax.
