by Donald Wood
Last updated: 10:30 AM ET, Tue March 7, 2017
On Monday, low-cost British carrier EasyJet reported passenger numbers on the airline's ski routes and city-break flights grew last month despite Brexit's impact on the pound.
According to Bloomberg.com, EasyJet officials announced that travelers heading to winter sports centers from the United Kingdom increased 12 percent in February, which exceeded the 10.5 percent growth across the network.
In addition, group-wide travel to cities grew by 11.5 percent, with locations such as Amsterdam, Barcelona, Paris, Venice, Nice, Malaga and Alicante leading the way. The growth of travel to sports centers, major cities and resorts demonstrates the confidence consumers have following Brexit.
Despite the pound slumping 10.5 percent in 12 months, EasyJet's findings suggest United Kingdom residents are still spending money on ski vacations and overseas adventures. The rush of travelers has increased competition among short-haul carriers, which in turn has resulted in lower prices.
Overall, EasyJet is reporting passenger numbers increased 8.2 percent in February to 5.34 million, and seat occupancy climbed 1.6 points to 92 percent. Companies in the UK are also anticipating more travelers visiting the nation due to the weak pound.
As a result of the favorable numbers, shares of EasyJet's stock rose as much as 2.5 percent and traded 0.8 percent higher.
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