EasyJet reported a 31.5% year-over-year increase in fiscal first-quarter revenue to £550 million, which it said reflected a "flight to value" environment in which an increase in business and long-haul leisure travelers "is more than compensating" for a softening in demand. Revenue per seat during the three months ended Dec. 31 jumped 23% to £45.57, encompassing a 71.4% increase in ancillary revenue (including easyJet's checked bag charge) to £8.68 per seat and a 15.6% rise in ...

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