Business
Q3 Trading Statement
Q3 Trading Statement.
About this update from Easyjet Plc
[{"type":"text","content":"\n \n \n RNS Number : 0017V\n easyJet PLC\n 04 August 2020\n \n \n \n \n 4 August 2020\n \n \n \n \n \n \n \n \n EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2020\n \n \n \n \n \n easyJet's Q3 performance is in line with expectations, ending the period with a re-start to flying.\n \n \n A strong focus on cost and delivering profitable flying continue to be key priorities.\n \n \n \n \n \n Johan Lundgren, CEO of easyJet, commenting on its Q3 trading said:\n \n \n \"Returning to the skies again allows us to do what we do best and take our customers on much-needed holidays. I am extremely proud of all of our people whose care and commitment, along with the introduction of our industry-leading bio security measures, have resulted in customer satisfaction scores reaching a high of 80% since the re-start, an increase of 13 percentage points compared to the same period last year. \n \n \n \"I am really encouraged that we have seen higher than expected levels of demand with load factor of 84% in July with destinations like Faro and Nice remaining popular with customers. \n \n \n \"Our bookings for the remainder of the summer are performing better than expected and as a result we have decided to expand our schedule over the fourth quarter to fly c.40% of capacity. This increased flying will allow us to connect even more customers to family or friends and to take the breaks they have worked hard for. \n \n \n \"Despite the challenge we continue to face due to the pandemic, we remain no less committed to fulfilling our customers' desire to fly sustainably through our carbon reduction initiatives, including offsetting on behalf of our customers.\n \n \n \"As we look ahead, I am confident that easyJet will continue to serve our customers well, delivering our renowned friendly service and value across our unrivalled network.\"\n \n \n \n \n \n Revenue\n \n \n Total group revenue for the quarter ending 30 June 2020 was £7 million. The fleet was fully grounded on 30 March due to the Covid-19 pandemic. Having re-started flying on 15 June, easyJet carried 117,000 passengers with a total capacity of 132,000 seats in the remaining two weeks of the quarter. The initial schedule comprised only 10 lines of flying and delivered a load factor of 88.9%.\n \n \n We have now compl...