easyJet had 10 million business passengers in 2012, up from 9 million in 2011
Business flyers help easyJet profits to soar
business travellers used its planes to hop across Europe, sending shares skywards.The Luton-based carrier predicted annual profits of up to £230million, well
ahead of the £174million expected by some brokers, lifting the stock by 55¼p to
EasyJet said business people were taking advantage of its high‑frequency flights
between major European cities such as Berlin, London, Madrid, Milan and Paris.
The number of business travellers taking its services rose by a fifth in the
three months to June 30 as the impact of new flexi-fares began to kick in.
The group said it had sold more than three quarters of its summer seats as people
booked breaks despite the economic gloom.
Airline easyJet yesterday forecast profits would take off after more business
travellers used its planes
A spokesman said: “While some consumer-facing businesses are having difficulties,
the family holiday is seen as something pretty essential.”
EasyJet said revenue for the June quarter grew 23 per cent to £935million, also
boosted by growing ancillary revenues.
Chief executive Carolyn McCall said: “The strength of easyJet’s trading demonstrates
it is well placed to succeed.”
EasyJet said it carried 14.4 million passengers in the quarter, up 17.3 per cent.
Its load factor – a measure of how full its aircraft were – rose 0.2 percentage
point to 86.3 per cent.
EasyJet’s largest shareholder, Sir Stelios Haji-Ioannou, has said he may force
a shareholder vote over the airline’s plans to buy new aircraft from Airbus, resuming
a long-running dispute with the company he founded.