On 21 November EasyJet published its 2017 Annual Report, its last before Johan Lundgren replaces outgoing Chief Executive Dame Carolyn McCall on 1 December. Published accounts revealed that the low cost giant’s pre-tax profits in the year to 30 September fell 17.3 per cent to £408m, whilst passenger numbers and revenues rose by 9.7 per cent and 8.1 per cent respectively.
Using Network Grandstand, Aviation Analytics was able to predict EasyJet’s results on 1 October, more than 50 days before the airline released its own figures. Thus 21 November was not only results day for EasyJet – it was our chance to see how well we’d done, too.
So, how accurate were we? We’ll let the results speak for themselves. The table below compares EasyJet’s official accounts with estimates from Network Grandstand made almost two months earlier. This shows that Network Grandstand was able to accurately predict EasyJet’s revenues and costs with the margin of error of on average just 2% – or in the case of EasyJet’s seat costs a mere £0.08.
|Network Grandstand (01/10/2017)||Actual (21/11/2017)|
|Average fare per passenger||£53.90||£50.59|
|Average revenue per passenger||£64.40||£62.88|
|Average revenue per seat||£59.08||£58.22|
|Cost per seat||£53.60||£53.52|
Network Grandstand’s most accurate forecast to date means subscribers can relax in the knowledge that the data they are using is of the highest possible levels of accuracy and integrity.
Get the full picture. To find out more about Network Grandstand and how our data can help your business, contact Jon Soars on +44 (0) 207 856 0159 or at email@example.com