easyJet reports fall in load factor
Price cuts by low-cost airline easyJet failed to result in it filling a greater percentage of its seats last month.
Passenger statistics published today show the group’s load factor stood at 86.8% in June, down from 87.6% a year earlier, after the airline carried 3.44 million people, an increase of 15.1% on a year earlier.
Load factors in the low-cost sector have been under pressure recently as airlines increase the size of their fleets and face up to more challenging trading conditions.
Easyjet recently announced a series of price promotions, including offers of up to 30% off flights in June and July.
It said today it maintained “high” load factors in June, although the City was less impressed by the figures as shares fell 2%.
