EasyJet cuts losses as demand for flights and holidays grows
The budget airline reported a headline pre-tax loss of £61 million for the three months to December 31, down from £126 million a year earlier.
EasyJet cut its losses by more than half for the latest quarter on the back of improved demand for flights and package holidays.
The budget airline reported a headline pre-tax loss of £61 million for the three months to December 31, down from £126 million a year earlier.
It said this came after a 7% rise in passenger numbers for the period.
Chief executive Kenton Jarvis said: “Looking to this summer, we have seen continuing demand for easyJet’s flights and holidays where we have one million more customers already booked, with firm favourites like Palma, Faro and Alicante as well as new destinations like Tunisia and Cairo proving popular.
“All of this demonstrates positive progress towards our medium-term target to deliver more than £1 billion of profit before tax.”
Airlines often record losses during the winter months when demand for flights drops.
EasyJet said it flew 24.1 million seats in the final three months of 2024, up 5% from 23.0 million a year earlier.
The average length of flights rose by 6%.
The company’s package holiday arm easyJet Holidays recorded “around a 40% increase in profits during the period”, Mr Jarvis added.
It is expected to record a 25% growth in customer numbers for the year to the end of September compared with the previous 12 months.
