EasyJet raises profit expectations on robust travel demand
British airline easyJet said it projects full-year profit will beat market forecasts
Airlines in Europe have reported robust summer bookings despite high inflation and an uncertain macroeconomic outlook. EasyJet’s passenger capacity grew 40% in the first three months of 2023, it said, with 99.8% of Easter flights operating despite strikes among French air traffic controllers.
Key takeaways
- EasyJet sees continued strong booking momentum into summer as customers prioritize spending on travel;
- The company's holidays business, meanwhile, is expected to grow by 60% this year;
- Forward bookings were particularly strong to traditional beach destinations such as Malaga, Mallorca, Alicante and Faro.
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