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LONDON STOCK EXCHANGE
easyJet PLC. The Group's
principal activity is the operation of scheduled passenger airline businesses.
It provides high frequency services on short-haul and medium-haul point-to-point
routes within Europe from its 12 crew bases at Belfast, Bristol, East Midlands,
Geneva, Liverpool, London Luton, London Stansted, Newcastle and Paris.
In September 2003 the Group operated on 105 routes, servicing 35 cities
and had 73 Boeing B737 aircraft and Airbus A319 aircraft
easyJet est détenue
en majorité par ses fondateurs, la famille Haji-Ioannou. Stelios
Haji-Ioannou contrôle également d'autres sociétés
du Groupe easyJet, comme easyInternetCafe, easyCar.com, easyMoney et easyValue.
Il n'existe aucune « participation croisée » entre easyJet
et les autres sociétés d'easyGroup, mais simplement certains
accords de « marketing croisé ».
Le siège de la société
se trouve à easyLand, immeuble peint aux couleurs de la flotte,
orange vif, attenant à la piste principale de l'aéroport
de Luton. Dans un secteur où les sièges sociaux sont généralement
considérés comme le symbole absolu du prestige, ce bâtiment
incarne véritablement la volonté d'économie prônée
par easyJet.
Interim
results for the 6 months to 31 March 2006
RESULTS
AHEAD OF EXPECTATIONS; GUIDANCE UPGRADED
Pre-tax
loss of £40m, better than expectations; good first half performance
despite unit fuel costs up 49% (£55m) or £3.01 per seat.
Cost
reduction momentum continues: costs per seat excluding fuel down 6.2% or
£1.84 per seat from £29.59 to £27.75.
Total
revenue per seat up 0.8% in the spite of the effect of Easter falling in
the first half in 2005 and the second half in 2006.
Ancillary
revenues significantly improved, up 31% or £0.76 per seat.
14.9m
passengers carried, up 10.1%.
Strong
balance sheet with cash increasing by £59m to £726m.
Continued
growth in network to 235 routes and 67 airports, utilising 110 aircraft.
28
new routes and 4 new destinations started operating in the period with
8 further new cities announced for summer 2006.
Continued
strong operating performance with 80% of flights arriving within 15 minutes
of scheduled arrival and 96% arriving within an hour.
Commenting
on the results, Andy Harrison, Chief Executive, said:
“easyJet’s
growth continues unabated, based on our unique and outstanding customer
proposition of the lowest fares, convenient airports and customer care.
We grew our revenues by 14% in the first half, launching 28 new routes
and inaugurating services to our newest base in Milan Malpensa.
“We
are encouraged by our first half performance, which is slightly ahead of
our expectations at the time of our AGM in February. Successful cost reduction
and revenue improvements, especially in ancillaries have largely offset
the considerable hike in fuel prices and the effect of Easter moving from
the first half in 2005 to the second half in 2006.
“Our
stronger than expected first half performance and a good Easter provide
the basis for an improved full year outlook. We are conscious that we have
a big summer ahead, that the price of oil remains a risk, and we continue
to operate in a highly competitive environment. Notwithstanding these uncertainties,
we now anticipate full year passenger revenue per seat to be broadly in
line with 2005, and expect ancillary revenue to grow at around twenty per
cent per seat for the full year. Our continued cost management should result
in a fall of approximately five per cent per seat excluding fuel. We assume
the price of Jet fuel will stay around current levels and we maintain a
neutral view on exchange rates. Overall, we now expect pre-tax profit to
grow by ten to fifteen per cent compared with 2005.”
easyJet
passenger statistics for March 2006
Below
are the easyJet passenger statistics for March 2006. This information is
published on the fifth working day of every month.
Month
ending March 2006 March 2005 Change
Passengers1
2,754,705 2,573,070 +7.1%
Load
Factor2 86.3% 91.1% -4.8pp
Rolling
12 month ending March 2006 March 2005 Change
Passengers1
30,921,244 26,996,777 +14.5%
Load
Factor2 84.1% 84.6% -0.5pp
Total
Revenue3 £1,418m £1,205m +17.7%
Load
factors were strong in March at over 86%, slightly ahead of expectations
and ahead of our 12 month rolling average.
Year
on year seat capacity grew 13% in the month with passenger growth somewhat
lower at 7%. This is due to the exceptionally high loads last year as a
result of Easter falling in March.
First
half results will be announced on 3 May 2006. |
