easyJet announced its confidence ahead of the summer season after reporting strong demand levels in its results for the six months to 31 March.
easyJet reported a headline loss before tax of £411m, up 25% on the prior year. The group remains confident ahead of the summer months, with the booking window returning to normalised levels and Q3 at 73% booked.
As a result, easyJet expects to deliver full year profits above £80m as consumers continue to prioritise travel despite soaring inflation.
Johan Lundrgen said,”easyJet’s optimised network combined with the strong demand seen for flights and holidays, enhanced revenue capabilities and operational resilience, means we enter the summer with confidence. Recent research has shown that travel is the number one priority for household discretionary spend.”
The airline was able to achieve total revenue of £2.7bn, up 80% YoY after facing flight disruptions and staff shortages last year. Airlines now seem better equipped to deal with the high demand levels this year, with major European airlines all pointing towards robust summer bookings.