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EasyJet falls short of returning to full-year profitability

Air
James Chapple
13 October 2022

EasyJet expects to record a full-year pre-tax group loss of between £170 million and £190 million despite summer passenger numbers almost doubling year-on-year to 24 million and expected summer operating profits of up to £545 million.

EasyJet holidays

The carrier cited a £64 million foreign exchange loss and "incremental disruption costs" of around £75 million incurred over the summer as key factors behind its struggle to return to profitability.

Other factors impacting full-year performance in the year to 30 September included the emergence of the Omicron variant of Covid-19, the war in Ukraine and "industry-wide" operational issues affecting aviation this summer.