Low-cost airline EasyJet reports reduced winter losses and strong revenue performance, with pre-tax losses expected to range between £340m and £360m, compared to the forecasted £390m loss.
Low-cost airline EasyJet reported a significant reduction in winter losses and strong revenue performance for the six months ending in March, with pre-tax losses expected to range between £340m and £360m, compared to the forecasted £390m loss. This improvement is attributed to increasing capacity in high-demand areas, making operations more efficient, and keeping costs stable despite higher fuel prices, inflation, and the negative impact of the Middle East conflict. EasyJet's bookings for summer 2024 are already 70% sold, and the airline is expected to comfortably push into surplus for the year as a whole.
April 18, 2024
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