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easyJet currently has operating bases throughout the UK and mainland Europe offering 148 routes between 44 key European airports. Pictures of easyJet planes, reservation and corporate information.
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easyJet
easjJet offer 148 routes between 44 key European airports.
easyJet currently has operating bases throughout the UK and mainland Europe. It is a truly European operation and was one of the few airlines to take advantage of the reforms offered by the single European aviation market.
easyJet, combined with Go, employs 2,870 people, currently has 45 Boeing 737-300 aircraft and 19 Boeing Next Generation 737-700s, with an additional 24 Boeing 737-300 aircraft in the Go fleet (October 2002).
easyJet is Europe's leading low-cost airline. Since its first flight in November 1995, the airline has grown from a Luton base offering two routes from Luton to Glasgow and Edinburgh, served by two Boeing 737 aircraft, to one that offers 152 routes from 44 European airports, operating 72 aircraft (November 2003). The phenomenal growth of easyJet was boosted by its merger with Go-fly in August 2002, making the combined company Europe's Number 1 low cost airline.
In October 2002, the airline signed a deal to purchase 120 Airbus which will facilitate the airline's ongoing growth strategy.
During the financial year to 30 September 2003, the company reported pre-tax profits of £52.0 million on a turnover of £932 million and carried 20.3 million passengers.
The airline's shares were formally admitted to the London Stock Exchange on 22 November 2000 at a price of 310 pence per ordinary share.
Low-cost European market
The overall air transport market in Europe is expected to grow substantially in the coming years. The International Air Transport Association1 estimates that the number of international scheduled passengers travelling between countries in Europe will grow from 176 million in 1999 to 215 million in 2003, reflecting an average annual growth rate of 5.1%.
By contrast, the low-fare segment of the market is expected to grow at a significantly higher rate. A report published in January 2000 by Cranfield University estimated that low-cost airlines currently carry 4% of all domestic and international passengers within Europe, a figure expected to increase to 12-15% by 2010.
However when you compare this with intra-European scheduled seat capacity, taken from schedules filed with OAG for June 2002 which states that low-cost airlines currently have 8.65% (3.76% of which is easyJet) market share, this is likely to far exceed the previous forecast.
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