10-Jan-2011 3:56 PM
easyJet's shares surge as traffic growth remains strong in December
Analysis
easyJet's shares surged 4.2% on Friday, as the company reported a 7.6% increase in passenger numbers to 3.7 million in Dec-2010. Load factors rose 0.4 ppts to 85.4%.
Summary
- easyJet reports a 7.6% increase in passenger numbers in December 2010.
- easyJet's load factors rose to 85.4% in December 2010.
- easyJet's full-year passenger numbers increased by 7.9% to 49.7 million.
- easyJet's full-year load factor improved by 1.2 percentage points to 87.2%.
- Ryanair's passenger numbers rose by only 2% in December 2010 due to airport closures.
- Ryanair's shares saw a slight increase of 0.3% on Friday.
For the full year, easyJet reported a 7.9% increase in passenger numbers to 49.7 million and a 1.2ppt improvement in load factor to 87.2%.
Ryanair's passenger numbers rose by just 2% in Dec-2010, due to closures at Dublin Airport. Ryanair's shares edged up 0.3% on Friday.
Selected LCCs' daily share price movements (% change): 07-Jan-2011
