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6d ago

EasyJet Eyes Record £703M Annual Profit Despite £394M Winter Loss

The airline reports strong forward bookings and growth in its holiday business, offsetting capacity constraints and seasonal challenges.

EasyJet has been hampered by a lack of new aircraft because Airbus has delayed deliveries through to next year
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Overview

  • EasyJet reported a £394 million pre-tax loss for the six months ending March 31, a 13% increase from the prior year, citing lower ticket prices and a late Easter as key factors.
  • Revenue rose 8% year-on-year, driven by an increase in passenger numbers, with 18.2 million passengers carried in the first three months of 2025.
  • The airline expects to meet its £703 million full-year profit guidance, supported by strong forward bookings, with 80% of summer seats already sold.
  • Its holiday arm, EasyJet Holidays, delivered a £13 million profit increase year-on-year, reaching £44 million, showcasing diversification in revenue streams.
  • Capacity growth remains constrained at 1% due to Boeing delivery delays, but CEO Kenton Jarvis remains focused on achieving long-term profitability goals, including a sustainable £1 billion annual profit target.