EasyJet expects to be back in the black this year
In its six-month update, EasyJet says it significantly reduced H1 ‘seasonal’ losses.
It expects to post a profit for the full financial year.
It says it has ramped up capacity throughout the quarter, growing 40% from January to March.
Easter demand was strong with around 1,600 flights operating on average per day.
EasyJet holidays is currently 80% sold for this summer.
“Demand for easyJet’s flights and holidays has continued to grow, resulting in more than a £120 million pound improvement in our performance,” said CEO Johan Lundgren.
The company expects full-year profits at exceed market guidance based on strong booking levels.
Overall capacity for peak months is set to reach pre-pandemic levels.
“EasyJet expects to outperform FY23 market expectations,” Lundgren added.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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