easyJet has this week revealed it expects it’s a first half loss of between £340m-360m, which has been reported as an improvement.
Such an improvement is to the tune of around a £50m difference, showing the airline is going in the right direction.
Without further ado, let’s get into it…
The Numbers from easyJet…
easyJet is expecting a first-half loss of between £340m-360m, which is an improvement.
The airline has cited the £50m improvement being due to “targeted capacity growth”, “alongside productivity” and other aspects.
What is interesting to note is that the airline has discussed the tensions in the Middle East playing a part.
easyJet believes that the disruption is Israel has cost the airline up to £40m.
Travel into the country has been suspended for the rest of the Summer, with aircraft deployed elsewhere instead.
Furthermore, Summer bookings continue to build well for the airline, as they get geared up for that busy period.
Lundgren: Set Up Operationally for the Summer…
Johan Lundgren, the CEO of easyJet had this to say on the financial numbers:
“The importance that consumers place on travel coupled with easyJet’s trusted brand has driven good demand for our flights and holidays.”
“Our growth and focus on productivity have reduced winter losses by more than £50 million.”
“We have further enhanced our network with the launch of new bases in Alicante and Birmingham providing greater choice for consumers across Europe.”
“We are well set up operationally for this summer season where we expect easyJet to be one of the fastest growing major airlines in Europe and take more customers on easyJet holidays than ever before.”
Overall…
Whilst the numbers for easyJet may not provide easy viewing for investors, things are on the up for the airline.
With the Summer 2024 season kicking off, this is where the airline expects to make the bulk of their money.
By carefully looking at capacity and demand, and by bolstering their Holidays company further, things are looking good so far.
All eyes will be on what is in store for the airline over the Summer 2024 period.
Click the banner to subscribe to our weekly newsleter.
Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!
