UK’s easyJet confident as summer demand ramps up

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British airline easyJet said it was confident ahead of the summer season, when it makes all its profit, helped by strong booking levels, higher ticket prices and the growth of its holidays business. , have all pointed to robust summer bookings, showing consumers prioritising travel spend despite incomes being squeezed by inflation.

EasyJet has been gradually adding more flights as it recovers from COVID-19 lows in 2020, and said on Thursday that by July-September this year its capacity would be back to pre-pandemic levels.

“Demand is strong, and easyJet, like other airlines, is set for a profitable summer,” said Bernstein analyst Alex Irving. Shares in easyJet have climbed 60% since the start of the year, but at their current price of 520 pence they are still down about 60% from their level before the pandemic.

Demand for holidays has soared this year and for the April to June period, easyJet confirmed guidance for revenue per seat, a proxy for ticket prices, to be 20% higher than last year. For the full year, analysts currently expect easyJet to post a pretax profit of 345 million pounds ($435 million), according to Refinitiv data. headtopics.

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