09-May-2011 3:21 PM
Norwegian reports higher yield, easyJet higher load factor
Analysis
Norwegian Air Shuttle reported a 53% surge in passenger numbers, reflecting last year's weak base due to airspace closures.
Summary
- Norwegian Air Shuttle experienced a significant increase in passenger numbers, with a 53% year-on-year growth.
- The increase in passenger numbers was attributed to the weak base of the previous year, which was affected by airspace closures.
- Norwegian Air Shuttle's passenger load factor also improved by 6.0 percentage points, reaching 77%.
- The airline's yield increased by 6%, reaching EUR6.82 cents.
- Revenue per available seat kilometer (ASK) also saw a significant increase of 16%, reaching EUR5.30 cents.
- easyJet reported a 35.1% year-on-year increase in passenger numbers, with a passenger load factor of 86.5%.
The LCC's traffic highlights were as follows:
- Passenger numbers: 1.2 million, +53% year-on-year;
- Passenger load factor: 77%, +6.0 ppts;
- Yield: EUR6.82 cents, +6%;
- Revenue per ASK: EUR5.30 cents, +16%;
- On-time departure rate: 82.6%.
easyJet meanwhile reported firmer load factors as passenger volumes rose in Apr-2011:
- Passenger numbers: 4.7 million, +35.1% year-on-year;
- Passenger load factor: 86.5%, +1.3 ppts.
Their shares rose 3.6% and 4.8%, respectively, on Friday.
Selected LCCs daily share price movements (% change): 06-May-2011
