easyJet reports increase in revenue
Travel Business
For the past semester, easyJet has reported a 6.3% increase to 1.7 billion pounds in comparison to the same time window from last year. This increase has taken effect due to boosted sales in the business sector.
Considering that they have transported over 12 million people in a year’s time, the numbers will rapidly start to make sense.
“easyJet has delivered a solid first half performance despite the less benign capacity environment.
“The results reflect our on-going progress against our strategic priorities, and demonstrate the structural advantage easyJet has against both legacy and low cost competition in the European short haul market.
“By continuing to deliver our strategy of offering customers lower fares to great destinations with friendly service while focusing upon costs, we can continue to deliver sustainable growth and returns for our shareholders.
“There continue to be a number of attractive opportunities for easyJet to grow profitably in Europe and we look forward to making further progress in the second half of the year.”- Carolyn McCall, easyJet chief executive
The recipe for success has been put together due to a number of measures taken by the flight company, including more flexible departure times meant to adapt to business traveling needs.
However, the company has reported a 53 million pounds loss for the semester, up to March 31st 2014. Nevertheless, this is much better than the usual 55-65 million pounds range which was anticipated by the company representatives.
Losing profit is a usual practice over the winter season for all airlines, thus the aforementioned numbers.
The first half for the financial year has been closed with cash and money market deposits of up to 1.069 miliion, with a decrease of 125 million pounds compared to the year before. This has occurred mainly due to dividend payments.
The net amount of cash is showing an increase in trend with 449 million in March 31st 2014 compared to 433 million at the same date in 2013.
Considering that they have transported over 12 million people in a year’s time, the numbers will rapidly start to make sense.
“easyJet has delivered a solid first half performance despite the less benign capacity environment.
“The results reflect our on-going progress against our strategic priorities, and demonstrate the structural advantage easyJet has against both legacy and low cost competition in the European short haul market.
“By continuing to deliver our strategy of offering customers lower fares to great destinations with friendly service while focusing upon costs, we can continue to deliver sustainable growth and returns for our shareholders.
“There continue to be a number of attractive opportunities for easyJet to grow profitably in Europe and we look forward to making further progress in the second half of the year.”- Carolyn McCall, easyJet chief executive
The recipe for success has been put together due to a number of measures taken by the flight company, including more flexible departure times meant to adapt to business traveling needs.
However, the company has reported a 53 million pounds loss for the semester, up to March 31st 2014. Nevertheless, this is much better than the usual 55-65 million pounds range which was anticipated by the company representatives.
Losing profit is a usual practice over the winter season for all airlines, thus the aforementioned numbers.
The first half for the financial year has been closed with cash and money market deposits of up to 1.069 miliion, with a decrease of 125 million pounds compared to the year before. This has occurred mainly due to dividend payments.
The net amount of cash is showing an increase in trend with 449 million in March 31st 2014 compared to 433 million at the same date in 2013.
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