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EasyJet trims winter losses in preparation for positive summer

Air
Edward Robertson
16 May 2024

EasyJet is predicting “positive” summer demand that will help drive its earnings growth for the year while winter losses have been trimmed.

EasyJet tailfin Stock-909641172 (Credit: iStock)

The two aircraft touched wings while taxiing (Credit: iStock)

Releasing its half-year results for the period ending 31 March 2024, alongside the announcement that chief executive Johan Lundgren is standing down, the airline said it had recorded a headline loss before tax of £350 million.

The £61 million year-on-year improvement has been driven by 12% capacity growth and flat unit costs, excluding fuel.