Beach holiday boost for easyJet

EasyJet is predicting bigger profits this year following a surge in holidaymakers in search of sun, sand and sea.

The budget airline flew 19.1 million passengers in the three months to the end of June, up 6.2% on the previous quarter.

Strong demand for beach holidays was behind the rise, with Britons packing their bags for popular coastal destinations like Alicante and Malaga in Spain.

Faro in Portugal also attracted large numbers of sun-seekers.

Carolyn McCall, the carrier’s chief executive, says it has subsequently raised its annual profit outlook for 2015.

Full-year pre-tax profits of between £620 million and £660 million are expected, compared to initial City forecasts of £638 million at the beginning of the year.

In 2014, easyJet recorded pre-tax profits of £581 million.

Fuller planes have also contributed to the outlook, with more than 77% of its seats already booked for the second half of the year, taking its load factor – a key industry measure of how full planes are – up 1.3% to 91.7%.

The airline performed strongly in the quarter despite having to cancel 1,463 flights during the period, compared with 648 a year earlier, due to French air traffic control strikes and a fire at Flumicino Airport in Rome.

 

Beach holiday boost for easyJet | iceplc.com | © Press Association 2015