LONDON – With easyJet still struggling with losses, we ask the following question: Could we see a resurgence from them this year?
During COVID, air travel took a big hit.
With millions of people stuck at home and the majority of countries around the world implementing travel restrictions, airlines have had to make drastic changes to their operations.
But among them, one airline stands out: easyJet. Despite the uncertainty that many of its competitors face, easyJet continues to look ahead and plan for future success.
So, could we potentially see a resurgence from easyJet as they look to reinvent themselves while also adapting to the new ways of the world?
In this blog post, we will explore what easyJet is currently doing and how it may help them in the long run.
EasyJet’s current situation
The current situation for easyJet is not looking great. The company reported a £133 million pre-tax loss in the fourth quarter of 2022.
However, there are some signs that easyJet could be on the rebound.
Traffic levels are slowly starting to recover, and the company is experiencing higher yields compared to FY19.
With easyJet’s vast experience in budget flying, it could well be positioned to take advantage of the post-Covid aviation landscape.
Why easyJet may make a comeback
In recent years, easyJet has been one of the most successful airlines in Europe.
The company has been profitable for the past 16 years, but 2017 marked a turning point.
However, there are several reasons why easyJet may make a comeback in the coming years. Firstly, the company is still growing rapidly.
In the last three months of 2022, easyJet carried 17.5 million passengers, which was an increase from 11.9 million in the same period in 2021.
This growth is expected to continue in the coming years, which will help easyJet to recover from its recent losses.
Secondly, easyJet has embarked on a cost-cutting program in order to improve its profitability. The airline has already announced plans to reduce its costs by £200 million per year.
This will be achieved through a number of measures, such as reducing staff numbers and aircraft utilization rates.
Thirdly, easyJet could benefit from the cost of living and inflationary measures as consumers want to go abroad on the cheap, which is what Ryanair has been experiencing.
Taken together, these factors suggest that easyJet may well make a comeback in the next few years.
What this means for the airline industry
The airline industry has been through some tough times in recent years. But could we see a resurgence from easyJet?
The budget airline has been one of the few airlines to weather the storm and continues to grow, despite the challenges faced by the industry.
What this means for the airline industry is that there is still potential for growth, even in tough times.
easyJet has demonstrated that it is possible to succeed, even when other airlines are struggling. This provides hope for the future of the airline industry as a whole.
Overall…
EasyJet has certainly weathered the storm of the pandemic and is now beginning to show signs of a strong resurgence.
It remains to be seen, however, whether they can make up for the losses incurred over the past year or if they can expand further into international markets – either way, there is sure to be plenty of competition in the years ahead.
