easyJet: traffic down in the first two months of 2009, reflecting increased focus on yield

easyJet transported 3.5 million passengers in Mar-2009, a 6.3% year-on-year reduction, reflecting the carrier’s decision to limit margin dilution over the European Winter by withdrawing lower yielding flights. [2092 words]

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This report contains the following subheadings:

• Capacity reduction in 2Q09 planned, but overall growth in 1H09
• Upgraded by Goldman Sachs, as passenger trade down due in the current economic climate
• Resignation of Chairman
• Appointment supported by Sir Stelios
• Happy with break-up of BAA monopoly, but overall unease with airport policies in 2009

This report contains the following charts and tables:

• easyJet traffic highlights for Mar-2009
• easyJet traffic highlights for Feb-2009
• easyJet passenger numbers and passenger load factor (%): 2008 vs 2009
• Ryanair, easyJet and British Airways European passenger traffic growth (% change): Mar-2008 to Feb-2009
• European Airlines passenger load factors (%): Jan-05 to Dec-08
• easyJet share price: Apr-2008 to Apr-2009
• easyJet fleet growth plans: FY08 to FY11
• easyJet airport costs (excluding handling charges) as proportion of total costs: 2005 to 2008