EasyJet shares dip on French ATC strike impact
EasyJet’s third quarter profit improved by £50 million, fuelled by continued strong demand, it says.
Passenger traffic increased by 2%, with load factor improving slightly at +0.2 ppts.
It says the outlook for FY25 remains positive, and expects good profit growth, although this will be impacted by recent higher fuel costs and industrial action by French air traffic control.
This caused a dip in the share price.
EasyJet says two-thirds of the fourth-quarter capacity is already sold.
Kenton Jarvis, CEO of easyJet said: “We performed well in the quarter, increasing profits alongside improving operational performance which has boosted easyJet’s customer satisfaction scores.”
“EasyJet holidays remains on track to deliver more than £235m of profits for the full year and we see a positive outlook for the Group for FY25 and beyond.”
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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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