However, easyJet kept costs tightly under control last year, delivering sustainable savings of �32m. This helped to lift the firm's pre-tax profit margin from 11.2% to an impressive 12.8% - significantly higher than International Consolidated Airlines ...
Indeed, in August easyJet saw a year-on-year rise in passenger numbers of 8.4%. This is slightly better than the 7.7% year-on-year growth delivered in July and shows that the company is moving in the right direction.
The rising popularity of low-cost airlines such as easyJet across the globe shows no signs of pulling back, the global recession of five years ago having prompted a sea change in traveller expectations who now demand to travel further for less.
Then look at easyJet. Despite the share price rise, we're still looking at P/E values lower than the FTSE 100 average together with reasonable dividend yields of around 3% and good earnings growth still expected.
Receive News & Ratings for easyJet plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet plc and related companies with Analyst Ratings Network's FREE daily email newsletter.