EasyJet, Europe’s second largest budget airline, says its quarterly revenue jumped thanks to things like more business travellers flying with it.
Revenues were up by 16.7 percent at the equivalent of 910 million euros in the three months to December. The British low-cost carrier saw passenger numbers rise 8.1 percent to 12.9 million.
Other European airlines have struggled to overcome high oil prices and sluggish demand in recent months, with low-cost airlines expected to pick up more business as European consumers trade down.
German group Lufthansa and Air France-KLM have cut profit forecasts after being battered by fuel costs and slashed plans to expand in 2012.
Industry body IATA recently said it expected airlines to suffer this year due to waning consumer confidence, sluggish international trade and high fuel prices.
Chief executive Carolyn McCall said she was “cautiously confident” in the outlook for the business, despite the tough economic environment and the negative impact of a weak euro.
EasyJet said some 200,000 more business passengers flew with it in the quarter year-on-year, despite a general decline in business travel.