EasyJet reports a 16% increase in Q3 pretax profit to £236m, driven by summer demand and record bookings for Q4.

UK's budget airline EasyJet reported a 16% increase in third-quarter pretax profit, reaching £236m for the period ending June 30, driven by strong summer travel demand and increased budget holiday bookings. The airline carried 8% more passengers at 25.3 million, and its EasyJet Holidays division saw pre-tax profits rise to £73m from £49m a year earlier. EasyJet's bookings for the fourth quarter are building steadily, with 69% already sold, indicating a promising outlook for the airline's fiscal 2024.