EasyJet: pre-tax profit of £236m in Q3
(CercleFinance.com) - Sales rose by 11% to £2,631m in Q3, mainly thanks to an 8% increase in passenger numbers.
The British carrier, which says that it is benefiting from solid demand, reports that revenue per seat rose by 1% in Q3.
Profit improved by £33m y-o-y, as demand for easyJet's core airport network continues to grow. Profit before tax in Q3 was £236m.
At 30 June 2024, net cash stood at £456m (£146m at 31 March 2024).
Order intake for Q4 continues to progress, with 69% of sales achieved, +1 ppt y-o-y, with 7% more capacity on sale.
easyJet has currently sold 1.5 million more seats for the summer peak compared with the same period last year, with total yield broadly stable year-on-year.
For fiscal 2024, the company expects capacity of around 100 million seats, and its Q4 2024 revenue per seat should continue the trend of Q3 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The British carrier, which says that it is benefiting from solid demand, reports that revenue per seat rose by 1% in Q3.
Profit improved by £33m y-o-y, as demand for easyJet's core airport network continues to grow. Profit before tax in Q3 was £236m.
At 30 June 2024, net cash stood at £456m (£146m at 31 March 2024).
Order intake for Q4 continues to progress, with 69% of sales achieved, +1 ppt y-o-y, with 7% more capacity on sale.
easyJet has currently sold 1.5 million more seats for the summer peak compared with the same period last year, with total yield broadly stable year-on-year.
For fiscal 2024, the company expects capacity of around 100 million seats, and its Q4 2024 revenue per seat should continue the trend of Q3 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.