In 2021, easyJet uplifted only 20.4 million passengers. That's a 57.5 percent decrease compared to the previous year, which was experienced because of the coronavirus (COVID-19) pandemic. During the past ten years, EasyJet grew consecutively before reaching its peak in 2019. Most travelers chose to fly during the summer months, passenger figures for July, August and September were generally the highest out of all months.
Business performance of easyJet
The business model of low-cost carriers (LCCs) requires them to maximize capacity and minimize costs. To do so, easyJet tried to maximize its passenger load factor such that the company’s performance remains economically viable. In recent years, the company managed to increase its seat occupancy levels up to 92.9 percent, which was observed during 2018. Despite the COVID-19 shock, easyJet sustained a somewhat high level of seat occupancy during 2020 as well.
The future of passenger air traffic in Europe
In the aftermath of the coronavirus pandemic, the aviation industry may impose different rules of coordination to enable safe and sound travel and transportation. In addition to new rules and regulations, companies will experience an evolutionary process. For instance, the tight liquidity balances of airlines exposed them to a risky situation, where some of them were almost to declare bankruptcy if governments were not to lend out bailout packages. Wizz Air and Ryanair had the best liquidity balance among European airlines. On the other hand, easyJet also had relatively manageable levels of liquidity as a share of revenue, specifically 25 percent.
Number of passengers traveling with easyJet from 2009 to 2021
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easyJet. (December 6, 2021). Number of passengers traveling with easyJet from 2009 to 2021 (in millions) [Graph]. In Statista. Retrieved October 07, 2022, from https://www.statista.com/statistics/734265/easyjet-passenger-figures/
easyJet. "Number of passengers traveling with easyJet from 2009 to 2021 (in millions)." Chart. December 6, 2021. Statista. Accessed October 07, 2022. https://www.statista.com/statistics/734265/easyjet-passenger-figures/
easyJet. (2021). Number of passengers traveling with easyJet from 2009 to 2021 (in millions). Statista. Statista Inc.. Accessed: October 07, 2022. https://www.statista.com/statistics/734265/easyjet-passenger-figures/
easyJet. "Number of Passengers Traveling with Easyjet from 2009 to 2021 (in Millions)." Statista, Statista Inc., 6 Dec 2021, https://www.statista.com/statistics/734265/easyjet-passenger-figures/
easyJet, Number of passengers traveling with easyJet from 2009 to 2021 (in millions) Statista, https://www.statista.com/statistics/734265/easyjet-passenger-figures/ (last visited October 07, 2022)