easyJet passengers up their spending
Friday 27 January 2012
Shares in easyJet flew up 10 per cent yesterday after its revenues soared thanks to more business travellers splashing out on meals and other on-board extras.
A mixture of higher bag fees, more spending by passengers mid-air plus speedy boarding and booking fees helped the budget airline raise the average spend on each seat by 9 per cent to nearly £52 in the last three months of 2011.
EasyJet showed evidence of some success in its push into the business market, with the number of executives on the airline rising by 200,000 to 2.3 million in the period, despite a general decline in business aviation during the three months.
It also posted strong revenue growth in the quarter, up 16.7 per cent to £763m, albeit because of snow disruption during the previous year.
The airline flew 8 per cent more passengers, a total of 12.9 million, during the three months, even though its ticket prices rose by an average of 6.5 per cent on the same time in 2010.
EasyJet said higher revenues would help it recover most of the £100m increase in its first-half fuel bill and cap interim losses at £140m -£160m. Last year saw a £153m, first-half loss.
The Independent travel offers: Discover a world of inspiring destinations
- 1 Reyhaneh Jabbari: Iran due to execute woman for murder of her alleged attempted rapist
- 2 Expert urges cat lovers to own just one animal each
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 The Simpsons death: Creator Al Jean would 'kill himself' before character like Homer or Lisa
- 5 British man raped while urinating in bushes at Oktoberfest beer festival in Germany
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
'Women, walk wherever you want' posters taken down in Stamford Hill following 'unacceptable' signs separating men and women
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
28,000 to 32,000 per annum: Accountancy Action: Our client, a hospitality busi...
18,000 to 20,000 per annum: Accountancy Action: Our fantastic leisure client i...
£20 - 24k: Guru Careers: A Marketing Analyst / Marketing Executive is needed t...
£18000 Per Annum: Clearwater People Solutions Ltd: ***EXCELLENT OPPORTUNITY FO...