EasyJet raises profit expectations on robust travel demand

British airline easyJet said it projects full-year profit will beat market forecasts

Apr 20, 2023

Airlines in Europe have reported robust summer bookings despite high inflation and an uncertain macroeconomic outlook. EasyJet’s passenger capacity grew 40% in the first three months of 2023, it said, with 99.8% of Easter flights operating despite strikes among French air traffic controllers.

Key takeaways

  • EasyJet sees continued strong booking momentum into summer as customers prioritize spending on travel;
  • The company's holidays business, meanwhile, is expected to grow by 60% this year;
  • Forward bookings were particularly strong to traditional beach destinations such as Malaga, Mallorca, Alicante and Faro.

Get the full story at Reuters

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