easyJet's shares surge as traffic growth remains strong in December

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%.

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