EasyJet on track for record year as travellers shrug off economic anxieties
Digest opened free editor Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter. Easyjet on the right path to reporting standard annual profits, as low -cost airlines expect another strong summer, as travelers brush economic fears for vacation. The transportation company said on Thursday that the reservations for the peak summer season were “supportive” to achieve pre -tax profits of 703 million pounds in 12 months until the end of September, in line with the market expectations. This result will overcome the previous record of 686 million pounds in 2015. “We still see a strong demand for Easyjet flights and their holidays,” said Kenton Garfis, CEO of Easyjet. Easyjet It is the latest European airline that reassures investors who are asking to fly this summer strong, although fears that American trade policy can unleash economic turmoil and weigh consumer confidence. this week RyanaireThe largest low -cost airline in the region reported a “strong” request to travel this summer and said that the expectations were “strong”. At the same time, the owner of British Airways Iag Earlier this month, he said that the appetite for travel remained healthy despite the total economic uncertainty, although it warned of “some recent softness” in the economic tickets that vacationers bought in the United States. Easyjet sold about 80 percent of its seats for the current quarter, and 42 percent for the next three months, before putting it a little last year. Garvis said that the airline “focused on providing another record”, after it was reported to the highest summer results ever in 2023 and 2024. Winter is usually more difficult for Europeans AirlinesOn Thursday, Easyjet reached a loss of 394 million pounds before taxes in half -year results, and 13 % on a wider scale on an annual basis. Izitit said the quarter -March was “a seasonal challenge” due to the late Easter that fell in April, while the airline was also forced to deduct prices on some new roads. The airline added: “We expect the road to mature next winter and beyond to improve these winter losses.” The shares decreased by 2 percent on Thursday, but increased by 15 percent during the past month, as investors welcomed signs that economic uncertainty did not reach summer reservations. https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F881bf586-3503-4245-9205-ec3352657963.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
2025-05-22 08:21:00
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