Member Article

Business travellers help easyjet losses narrow

Losses have narrowed at low-cost airline easyjet, partly thanks to a rise in the number of business travellers using its services.

A set of trading results show the budget operator’s losses before tax closed from £61 million in 2013, to £53 million in 2014.

The firm said allocated seating had helped to drive revenue-per-seat, and also attract 12 million business passengers across the 12 months to the end of March.

Carolyn McCall, easyJet chief executive said: “easyJet has delivered a solid first half performance despite the less benign capacity environment.

“The results reflect our on-going progress against our strategic priorities, and demonstrate the structural advantage easyJet has against both legacy and low cost competition in the European short haul market.

“By continuing to deliver our strategy of offering customers lower fares to great destinations with friendly service while focusing upon costs, we can continue to deliver sustainable growth and returns for our shareholders.

“There continue to be a number of attractive opportunities for easyJet to grow profitably in Europe and we look forward to making further progress in the second half of the year.”

This was posted in Bdaily's Members' News section by Tom Keighley .