EasyJet Releases Financial Report

EasyJet published an earnings report for the third quarter of its fiscal year, stretching from April to June 2019. The British low-cost carrier boosted its quarterly revenue to approximately $2.2 billion USD, an 11.4% increase.

The company transported more than 26 million passengers, constituting an 8% increase. Its load factor dipped slightly to 91.7%.

The report noted that the airline’s financial performance gains were offset by the uncertainty surrounding Brexit. Although the company is based at London’s Luton Airport, it is now majority-owned by European Economic Area (EEA) nationals. This will will allow it to continue flying intra-Europe routes after Brexit.

Source: EasyJet