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EasyJet profits tumble following ‘difficult year’

Air
James Chapple
19 November 2019

EasyJet has blamed a “difficult year”, which saw Brexit impact consumer confidence and fuel prices soar, for a fall in its annual profits of more than a quarter.

EasyJet's Johan Lundgren says the UK market is now outperforming other European countries

The carrier, on Tuesday (19 November), posted full-year profit before tax (12 months to 30 September) of £427 million, down 26% from £578 million this time last year.


EasyJet said the result was towards the top end of its previous £420 million to £430 million profit guidance.


It came despite 8.6% growth in annual passenger numbers to 96.1 million, albeit at a rate of growth down 1.6% on full year 2018/19.


Capacity increased 10.3% from 95.3 million seats to 105 million at a load factor of 91.5%, down 1.4 percentage points on last year.