Jan03 Traffic Statistics

easyJet PLC 07 February 2003 7 February 2003 Passenger statistics for January 2003 Below are the easyJet passenger statistics, including Go Fly, for January 2003. This information is published on the fifth working day of every month. Passenger statistics for easyJet (combined with Go) January 2003 January 2002 Year-on-year Rolling 12 change months ending 31/1/2003 Passengers(1) 1,498,802 1,044,718 +43.5% 17,746,724 Load Factor(2) 77.5% 76.0% 82.8% Go Fly, as an independent company, carried 344,192 passengers with a load factor of 66.4% in January 2002, and easyJet carried 700,526 passengers with a load factor of 81.9% in the same period. January 2003 numbers have been presented on a pro-forma combined basis. Ray Webster, easyJet Chief Executive, said 'I am pleased to report that trading has been brisk in the first month of 2003 with forward bookings matching our expectations and our overall outlook is positive. At the end of the first full month of trading since the easyJet pricing system was introduced, we have already begun to observe the benefit of applying the system to flights on the Go network with load factors increasing, but with a corresponding reduction in yields. In line with our previous statements and intentions, yields are also weaker than at the same point last year due to the high level of year-on-year growth. The integration of Go and easyJet continued to proceed ahead of plan in January and I am particularly pleased that we reached an agreement with BALPA, the pilots' union, on a harmonised terms and conditions package for our enlarged pilot group which runs through to April 2004. This agreement is currently being voted on by our pilots, with a recommendation to accept from our pilot's council and BALPA, and we expect to have a positive response in the very near future. In order to scale the management team to reflect another stage in our development, I am delighted that Ed Winter, previously Director of Transformation, has accepted the role of Chief Operating Officer on the Group's operating board. Ed, who brings a wealth of experience to the job, will provide day-to-day leadership of the team and management of the business. I will focus on the longer-term strategic development of the airline - particularly, how we can continue to innovate and improve our business. There is no other change to Directors' roles and structures.' 1. Represents the number of earned seats flown. Earned seats include seats that are flown whether or not the passenger turns up because easyJet is a no-refund airline, and once a flight has departed a no-show customer is generally not entitled to change flights or seek a refund. Earned seats also include seats provided for promotional purposes and to staff for business travel. 2. Represents the number of passengers as a proportion of the number of seats available for passengers. No weighting of the load factor is carried out to recognise the effect of varying flight (or 'stage') lengths. This information is provided by RNS The company news service from the London Stock Exchange

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