LONDON (Reuters) – British airline easyJet said on Thursday it was confident as it headed into the summer season, in which it makes all of its profits, on the back of a strong level of bookings, an increase ticket prices and the growth of its tourism business.
Major European airlines including Ryanair, Lufthansa and British Airways owner IAG all reported strong summer bookings, showing consumers are prioritizing travel despite the impact of inflation on household incomes.
For the six months ended at the end of March, easyJet reported a pre-tax loss of 411 million pounds (471.22 million euros), while the group forecast in April a loss of between 405 and 425 million pounds. This result represents a 25% improvement over last year.
As the summer season approaches, the group has emphasized its operational resilience, suggesting it is ready for travel to resume, unlike last year when flights across Europe were halted. disrupted by staff shortages and series cancellations.
For the full year, analysts currently expect easyJet to post a pre-tax profit of £345 million, according to Refinitiv data.
(Report Sarah Young, Augustin Turpin, edited by Blandine Hénault)
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