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easyJet reports September passenger figures and gives 2009-10 trading update

easyJet has announced its passenger and load factor figures for September 2010 and given a trading up date on the financial year which ended on 30 September 2010.

The airline carried 4,774,991 passengers in September compared with 4,422,021 in the same month last year, an 8.0% increase. The load factor was 89.3%, an increase of 1.2 percentage points over September 2009’s figure of 88.1%.

For the rolling 12 months ending 30 September 2010, easyJet carried 48,754,366 passengers, a 7.9% increase from 45,164,279 for the 12 months ended 30 September 2009. The load factor for the 12 months to the end of September 2010 was 87.0%, which was 1.5 pp higher than the 85.5% for the respective period 12 months earlier.

easyJet noted that its commercial performance continues to be robust and consequently the total revenue per seat at constant currency for the quarter ended 30 September 2010 is now expected to increase by at least 6% compared to the same period last year.

easyJet added that it now expects that the disruption to European airspace caused by the volcanic ash will impact its financial results for the year to 30 September 2010 by around £5 million less than the £65 million forecast at the end of the third quarter on 28 July 2010.

Overall, easyJet now expects to deliver a pre-tax profit for the year to 30 September 2010 slightly ahead of the £150 million that was the top end of its previous guidance range of £100 million to £150 million.

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