It’s not been an easy recovery for easyJet. While the market recovery in Europe has been driven by low-cost airlines capitalising on pent-up demand, capacity discipline, and the strength of point-to-point routes, Luton’s favourite low-cost carrier appeared to be behind the competitive curve. However, easyJet’s first quarter results, released this week, indicate that their fortunes are set to improve and that perhaps capacity discipline works.
The Headline Results
The latest results report a reduction in losses to £133 million, compared to £213 last year (Q1 2022). This improvement in first quarter performance has been driven by higher load factors, increased passenger yields, higher ancillary revenues, and a profit from of £13 million from their holiday division ‘easyJet holidays’.
January saw some record-breaking booking days and strong demand, especially from the UK, which makes the company expect to significantly reduce their first half-year losses compared to 2022…
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