EasyJet Finds More Ways to Capitalize on Collapse of Thomas Cook
Photo Credit: An EasyJet A320. The airline reported an encouraging start to its financial year. Flickr / Frankfurt Aviation Photography Follow
Skift Take
Thomas Cook's departure from a number of European markets will help propel EasyJet forward for most of 2020. At the moment, it remains cautious on capacity growth. But given the good start, might the airline be tempted to change tack?
Thomas Cook's exit last year from a crowded UK airline market has helped EasyJet book a strong start to the year.
The airline, which like others has cut back on its capacity growth plans for 2020, saw its total airline revenue per seat increase 8.7 percent to $76.46 (£58.56). Not all of this was down to the collapse of a rival. Other factors in the improvement include new initiatives to better predict pricing for last-minute departures.
"The improvement in our revenue per seat has been driven by our self-help revenue initiatives combined with robust customer demand and a lower capacity growth market." Johan Lundgren, CEO, said in a statement.
