EasyJet cuts losses as demand for flights and holidays grows

Jan 22, 2025 · EasyJet (EZJ.L) 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 ...

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EasyJet Cuts Losses As Demand For Flights And Holidays Grows

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Jan 22, 2025 · UK 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, …

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Jan 22, 2025 · 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 …

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Why did easyJet cut prices?

EasyJet forecast that losses for the whole winter would fall, adding that there had been “strong” demand for travel over Easter. But the airline said it had been forced to discount prices in the current quarter, in part because it had launched new routes that had taken time to bed in. ...

Why did easyJet halve its losses?

EasyJet said it had halved its losses at the start of the winter season, as the low-cost airline was boosted by lower fuel costs and more people travelling over the Christmas period. The FTSE 100 group on Wednesday reported a pre-tax loss of £61mn for the three months to December, down from £126mn in the same period a year earlier. ...

What's going on with EasyJet?

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. ...

Is easyJet still hunkering down?

There was some recovery in demand in the summer as lockdowns were eased, but widespread quarantine restrictions in September once again eroded demand, it said. The news on possible vaccines may be good, but EasyJet is still hunkering down for a long, hard winter, running a fifth of its normal schedule. ...

Why did easyJet cut more flights in 2022?

On June 20, 2022, the airline announced it has trimmed more flights, citing the staff shortages that continue to plague the aviation industry. easyjet said air traffic control delays, airport, and ground handling staff shortages were resulting in increased aircraft turnaround times and delayed departures, leading to flight cancellations. ...

Does easyJet lose money in winter?

In common with many other travel companies, easyJet traditionally loses money in winter but makes large profits in summer. EasyJet’s new chief executive, Kenton Jarvis, said the airline had “performed well” in the quarter, halving year-on-year losses while flying 7 per cent more customers. ...