easyJet have today released their interim management statement for the quarter ended 30 June 2011.

Highlights (figures below are for the quarter ended 30 June 2011):

• Total revenue grew by 23.2% to £935 million
• Number of seats flown rose by 17.1% to 16.7 million, load factors improved by 0.2 percentage points to 86.3% and sector length declined by 1.6%. There was a 17.3% growth in passengers (8.8% growth excluding the impact of the 2010 volcano)
• Total revenue per seat grew by 5.2% to £56.02, up 4.6% on a constant currency basis. Passenger revenue grew 3 by 2.5% to £44.37 per seat as capacity investments made in F'10 and the first half of F'11 began to mature. Ancillary revenues grew strongly up 17.0% per seat to £11.65 as a result of management actions taken in the second quarter
• easyJet had £112 million of net cash as at 30 June 2011
• On Time Performance continues to improve and was above 80% for the network in the quarter
• Continued good progress in implementing the strategy outlined last November including the launch of a flexible fare on easyJet.com to enable our 'travelling on business' initiatives. The number of passengers travelling with easyJet on business in the quarter increased by 20%
• August is the important trading month for easyJet but with over 75% of summer seats now sold we expect at current fuel and exchange rates to deliver a pre-tax profit for the year ended 30 September 2011 of between £200 million and £230 million assuming normal conditions which approximates to a ROCE for the year of between 10% and 12%

To read the statement in full... click HERE