16-Nov-2011 1:22 PM
easyJet reports profit growth in FY2011
easyJet revenue up 16% - financial highlights for 12 months ended 30-Sep-2011:
- Total revenue: GBP3452 million, +16.1% year-on-year;
- Ancillary: GBP719 million, +25.9%;
- Total costs: GBP3204 million, +15.0%;
- Fuel: GBP917 million, +25.1%;
- Labour: GBP407 million, +21.1%;
- Operating profit*: GBP269 million, +54.6%;
- Underlying profit before tax*: GBP248 million, +31.5%;
- Net profit: GBP225 million, +86.0%;
- Passenger numbers: 54.5 million, +11.8%;
- Load factor: 87.3%, +0.3 ppt;
- Average sector length: 1110 km, -1.2%;
- Total revenue per ASK: GBP 4.98 pence, +5.4%;
- Total costs per ASK: GBP 4.62 pence, +4.2%;
- Costs per ASK excl fuel: GBP 3.30 pence, +1.2%;
- Total assets: GBP4469 million, +11.6%;
- Cash and cash equivalents: GBP1100 million, +20.6%;
- Total liabilities: GBP2764 million, +10.5%;
- 1HFY2012 forecast:
- Capacity: Flat;
- Cost per seat excl fuel and currency: +4%;
- FY2012 forecast:
- Capacity: +4%;
- Cost per seat excl fuel and currency: +2% to +3%. [more - original PR]
*Excludes GBP27 million of cost relating to the volcanic ash cloud and GBP7 million loss on disposal of A321 aircraft in 2010
easyJet: "With around 45% of winter seats now sold, in line with the prior year, first half passenger revenue per seat is expected to grow by mid-single digits with planned improvement in yields, bag charges and other ancillary revenues." Company statement. Source: easyJet, 15-Nov-2011.