Easyjet's revenues and passengers soar

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The Independent Online

Budget airline Easyjet's shares closed up 12.5 per cent yesterday after the group announced its first quarter trading statement saying that revenues and passenger numbers both beat market expectations.

The group said that it earned £550m in the first quarter, up 32 per cent on the same period last year as passengers and businesses opted for cheaper travel. The company also said that passenger volumes increased by 10.1 per cent, while revenue per passenger, the amount the group earns from every traveller, was up by 23 per cent. The impressive numbers come as most non-budget carriers struggle to cope in the economic downturn.