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No-frills airlines flying high
Go and easyJet have followed Ryanair by reporting massive jumps in passenger numbers.
Go’s passenger numbers leaped by 89% during May compared to the same month a year earlier to 531,160 compared to 280, 975 during the same period in 2001. It also improved its load factor – increasing from 65.2% in May 2001 to 75.9% last month.
Meanwhile easyJet – which is to take over Go to form Europe’s biggest budget airline – reported a 43% increase in passenger numbers to 898,080.
Yesterday Ryanair reported a 44% increase in annual profits and revealed that its passenger numbers are up 38% on a year ago. In stark contrast BA has announced that its passengers were down 10.2% in May.
See our previous stories:
16 May 2002: EasyJet buys Go for GBP 374 million
8-May-2002: EasyJet takes option to buy BA’s German airline
7-May-2002: No-frills consolidation is ‘inevitable’ says analyst
18 Apr 2002: EasyJet chairman to resign
19-Feb-2002 Report says BA was wrong to sell Go
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