-

easyJet trims losses, expects strong summer demand

easyJet (LSE: EZJ) shares climbed 3.4% on Thursday after the airline reported a positive outlook for the rest of its financial year and trimmed seasonal losses in the first half. The budget carrier’s revenue for …

easyJet (LSE: EZJ) shares climbed 3.4% on Thursday after the airline reported a positive outlook for the rest of its financial year and trimmed seasonal losses in the first half.

The budget carrier’s revenue for the six months to March 31st is expected to jump 22% to £3.27 billion, up from £2.69 billion. Pre-tax losses narrowed to £350 million from £411 million.

Despite a £40 million hit from the Middle East conflict, easyJet highlighted strong Easter demand and summer bookings, with 70% of its package holiday programme already sold. The company expects customer numbers to grow by more than 35% in its Holidays business for the entire financial year.

CEO Johan Lundgren attributed the positive performance to strong customer demand and the company’s focus on productivity. easyJet also expanded its network with new bases in Alicante and Birmingham.


Subscribe to Investomania for more easyJet news and updates.

Sign up for Investomania

Subscribe to the Investomania newsletter to have our daily recap delivered directly to your inbox.

No spam. Unsubscribe anytime.