logo-loader
vieweasyJet plc

easyJet reports passenger growth in May despite flight cancellations

The low-cost airline said there were 974 cancellations in May, equivalent to 2.5% of planned capacity and up on the 117 experienced in May 2017

easyjet plane in the air
Over 12 months to May, easyJet flew 83mln passengers, up 8.4% from 76.6mln a year ago

easyJet PLC (LON:EZJ) said it has flown more passengers in May and increased its load factor, despite flight cancellations, caused by French and Italian industrial action and adverse weather.

The FTSE 100-listed company flew 7,79mln passengers in May, up 3.7% from 7.51mln a year ago.

READ: easyJet lifted as Liberum ups to ‘hold’ on supportive short-term trading; rival Ryanair sees May traffic grow

The load factor - a number of passengers as a proportion to the number of seats available - rose to 93.3% from 91.5%. a year ago.

Over 12 months to May, easyJet flew 83mln passengers, up 8.4% from 76.6mln a year ago, with the load factor rising 1.5pp to 93.5% from 92%.

The low-cost airline said there were 974 cancellations in May, equivalent to 2.5% of planned capacity and up on the 117 experienced in May 2017.

easyJet said around 600 cancellations were due to French and Italian industrial action with a further 300 arising from adverse weather conditions and ATC restrictions.

The company said May’s passenger statistics do not include its Tegel airline. 

In early morning trading, easyJet’s shares rose 0.58% to 1,744.50p.

 

Quick facts: easyJet plc

Price: 642.2 GBX

LSE:EZJ
Market: LSE
Market Cap: £2.93 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Inspiration Healthcare CEO pleased with 30% growth in first half revenues

Inspiration Healthcare Group PLC's (LON:IHC) Neil Campbell tells Proactive he's confident they'll achieve market expectations for the full year after a strong first half. Underlying revenues in the six months to the end of July, 2020, were up by around 30% on the corresponding period of last...

1 hour, 53 minutes ago

2 min read