Easyjet reaffirms guidance as losses narrow

Wednesday 22 January 2025 7:42 am

Easyjet has reaffirmed full-year revenue steering after quarterly losses greater than halved and reserving momentum continued to construct forward of the busier easter and summer season months.

The finances airline expects to report a headline pre-tax revenue of £709m in 2025, up from a previous 12 months haul of £610m and in keeping with consensus.

It mentioned on Wednesday quarterly passenger development had elevated seven per cent to 21.2m, whereas group income rose 13 per cent to £2.04bn.

Losses within the three months ending 31 December narrowed from £126m to £61m, pushed by the robust efficiency of its vacation arm, Easyjet Holidays.

Easyjet Holidays delivered £43m in revenue over the interval, up round 40 per cent year-on-year. The division mentioned it expects its buyer base to develop by round 1 / 4 in 2025.

Boss Kenton Jarvis, the previous Easyjet CFO who changed Johan Lundgren on the flip of the 12 months, mentioned there had been “persevering with demand” for flight and vacation bookings over the summer season.

First half bookings are already 93 per cent offered.

“We’ve got a million extra prospects already booked, with agency favourites like Palma, Faro and Alicante in addition to new locations like Tunisia and Cairo proving well-liked,” Jarvis added.

“All of this demonstrates constructive progress in the direction of our medium time period goal to ship greater than £1bn of revenue earlier than tax.”

Shares are up round 1.42 per cent during the last 12 months.