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EasyJet is a private limited airline company that offers low-cost flights to many different destinations within Europe It offers travel to 17 different business and travel destinations and travels 45 different routes Although EasyJet offers very cheap flights it still has a higher share price than companies offering more expensive flights for example British Airways It is shown that compared to other airline companies EasyJet is doing very well It is important that this is looked at before assessing EasyJets financial status because it means that we will have a view of other companies in the same market In the table below it is shown that excluding 1999 the net profit has been increasing The net profit margin shows that they are also managing to reduce cost and yet increase sales revenue resulting in an increase in net profit margin This is very promising as and even the year 1999 can be viewed positively as it shows that the company were able to overcome whatever difficulties they faced Year to end of SeptRevenue mNet Profit mNet Profit Margin 199877059766 1999139813093 20002637221838 200135694011124 These figures are taken from the Consolidated Profit and Loss Accounts for each year The table below shows that ever since 1995 when EasyJet started running their number of passengers has increased This shows that the company is expanding at quite a fast rate This is good because it means that with careful control of expenses profit can be greatly increased Number of Passengers Full yearAnnual total 000 199530 1996420 19971140 19981880 19993670 20005996 20017664 June 2002June 2001Year-on-year increase Passengers958857632908515 Load Factor866865 The load factor shows the percentage of seats available that are being used For a company like EasyJet this will be a lot lower than a more expensive traditional company like British Airways This is because EasyJet cuts down on many costs by selling 90 of their tickets online This
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