Low-cost airline easyJet Plc's (ESYJY.PK,EZJ.L) first-quarter total revenue grew by 34 million pounds or 3.8% to 931 million pounds and revenue per seat up by 0.8%, on a reported basis, to 56.16 pounds per seat or by 3.7% at constant currency. The growth in revenue per seat was driven by disciplined allocation of capital across the network, revenue management and digital initiatives and growth in business passenger revenue.
Seats flown improved by 2.9% to 16.6 million. Passengers carried grew by 4.1% to 14.9 million, and the load factor increased by 1.0 percentage point to 89.7%.
For the full year, cost per seat is likely to be in line with the guidance given at the full year results and be up by 2% on a constant currency basis. As expected in the quarter cost per seat, excluding fuel, decreased by 0.2% on a reported basis and increased by 3.7% on a constant currency basis.
With first half bookings in line with last year, easyJet sees first-half pre-tax loss of between 10 million pounds and 30 million pounds, assuming normal levels of disruption compared to the 53 million pounds loss reported last year.
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