EasyJet - Record Profits / New Aircraft
Preliminary results for the 12 months to September 2006
easyJet REPORTS RECORD PROFITS, UP 56% TO £129M
Record profit before tax of £129 million, up 56% from £83 million in 2005.
Passenger numbers rise by 11.5% to 33 million.
Passenger revenues increased by 5.9% or £2.13 per seat, driven by strong summer trading.
Ancillary revenues improved significantly in all areas rising by 34% or £0.86 per seat.
Unit costs excluding fuel fell by 1.5% or £0.42 per seat from £28.78 to £28.36.
Unit fuel costs increased by 33% or £2.48 per seat.
Return on equity increased to 10.1% up 3 percentage points from 7.1% in 2005.
58 new routes and 11 new destinations were launched, expanding the network to 262 routes and 74 airports in 21 countries.
Fleet grown to 122 aircraft with an average age of 2.2 years, making it one of the most modern and environmentally friendly fleets in Europe.
Further expansion of fleet planned with 52 new A319s ordered, and options secured over a further 75. This brings the total number of aircraft on firm order to 104 worth over $4 billion, with a further 123 unexercised options still available.
Strong balance sheet with cash of £861 million.