EasyJet has really been growing by leaps and bounds recently. This goes double when people look at the number of business passengers the budget carrier has been flying. EasyJet announced that it has seen the number of business passengers it flies increase by 8.5 percent since last year. This proves that the airline is starting to take away a number of business passengers from other well-established airlines.
The fight for business passengers is never ending in the airline industry. This is because business passengers make up most of the earnings that airlines receive. Leisure passengers typically travel during certain times of the year. As a result, airlines need to keep making money during off-peak travel periods. The only problem is that the only people who are really travelling during this time are business travellers. They are, by far, the most lucrative passengers for airlines. This is because they book later and tend to pay more for extra legroom.
According to EasyJet, there are a lot of reasons why they have seen growth in terms of business passengers. One of these reasons is because EasyJet recently introduced the ability for people to choose their own seats. EasyJet believes that it is this feature that has attracted a lot of business passengers from all over the world.
The CEO of EasyJet, Carolyn McCall, said that this new seating option was one of the most popular things that it has provided to its customers in recent years. Nearly 28 million people flew with the airline during the six months that ended in March.
EasyJet’s growing popularity with business travellers has proven to be good for profits. In fact, the airline showed that it received a boost in revenue of about 2.6 percent per seat. This has helped bring up its total revenue by about 6 percent. The airline was even able to report a better-than-expected financial result for the same six-month period ending in March. It only had a loss of £53 million, instead of the £61 million that was lost the year before.
The loss that EasyJet has seen in the six months ending in March is not unexpected. In fact, EasyJet usually posts a loss during the winter period. This is due to fewer passengers flying. Despite this, it was still able to manage better this year than it did last year.
Richard Hunter, the head of equities at Hargreaves Lansdown, a stockbroker company, said that EasyJet is a company that is going to continue to pressure its rivals in the coming years. Business travellers are starting to see the great offers and opportunities they get by flying with EasyJet.
Overall, there has been a lot of good news coming out of the travel industry. Even TUI Travel, the largest tour operator in all of Europe, reported that it was able to narrow its losses. The company said that its unique holidays are up 3 percent. These holidays make up about 70 percent of all of its bookings.