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Easyjet holds firm on profit forecast

7 June 2007

British low-cost airline easyJet reported a 13.8 per cent increase in May passenger numbers today, and said it would offset falling revenues per seat by cutting costs.

Average loadings fell 0.3 percentage points to 83.6 per cent of capacity. “Strong load factors, which were broadly in line with last year, were supported by targeted promotional activity and low lead-in fares,” it said in a statement.

For the second half we anticipate total revenue per seat to decline in the region of 5 per cent to 10 per cent versus last year,” it added.

source: ireland.com

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