LONDON (Alliance News) - Budget carrier easyJet PLC on Wednesday said it beat its guidance for revenue per seat in the third quarter, even as its total revenue fell for the period.
The FTSE 100-listed company said its revenue per seat was down by 5.4% in the three months to the end of June to GBP59.08, slightly better than the guidance it issued in May. The better-than-expected figure was driven by good trading in the UK and on beach routes in Europe in May and June. These bright spots partly offset the impact of French air traffic controls strikes in April.
Total revenue in the quarter was down 1% to GBP1.23 billion. Capacity rose by 4.7% to 20.8 million seats, and passengers carried rose by 6.2% to 19.1 million. Load factor increased 1.3 percentage points to 91.7%.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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