easyJet (LON:EZJ) has reported better-than-expected quarterly revenues, despite guidance issued in May that revenues may be down.
Total revenue fell 1% to £1.23m in the quarter but the number of passengers carried increased by 6.2% to 19.1 million.
“Our Q3 performance shows that Easyjet’s strategy continues to deliver, in particular with good performance in the UK and beach routes across Europe,” said Carolyn McCall, Easyjet’s chief executive.
easyJet cited a good holiday season as the reason for their stronger performance; an increased demand for flights to southern European resorts such as Malaga, Alicante and Faro from northern Europe led the results.
Before the results were published, easyJet shares had fallen 9 percent since their warning in mid-May. easyJet shares are currently trading up 4.24% (10.00)
