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EasyJet raises profit expectations on robust travel demand

Sean Gallup | Getty Photos

British airline easyJet expects full-year revenue to beat market forecasts, it mentioned on Tuesday, inspired by summer time bookings and powerful demand over Easter regardless of French strikes.

Airways in Europe have reported sturdy summer time bookings regardless of excessive inflation and an unsure macroeconomic outlook.

“We see continued robust reserving momentum into summer time as prospects prioritise spending on journey and select airways, like easyJet, providing the most effective worth and vacation spot combine,” mentioned CEO Johan Lundgren.

Market expectations for easyJet’s full-year revenue stand at about 260 million kilos ($322.30 million), the corporate mentioned.

The airline’s passenger capability grew 40% within the first three months of 2023, it mentioned, with 99.8% of Easter flights working regardless of strikes amongst French air site visitors controllers.