easyJet’s First-Ever Annual Profit – The Holiday Season Heats Up
Summer Record Shines Glowing
Pre‑tax profit: £432 million – a smashing comeback from the £208 million loss of the previous year.
Underlying Numbers: Looking Beyond the Surface
- Underlying profit: £455 million
- Contrast: last year’s underlying loss was a staggering £178 million
Peak‑Season Performance Hits the Jackpot
During the second half of the busy summer period, easyJet delivered a record‑breaking haul. This surge helps cushion a 30% rise in costs and a 59% surge in fuel bill to £2 billion.
Geopolitical Hiccups: Flights on Pause
- Israel and Jordan routes have been temporarily suspended.
- Egypt operations are feeling the knock‑on effect, accounting for a combined 4% of overall flights.
Industry‑Wide Fallout, But Hope on the Horizon
easyJet notes that near‑term flight searches and bookings across the industry have taken a hit – yet the recent uptick in trading signals a positive turnaround.
In short, easyJet’s 2024/25 year to September proves that an ambitious holiday rush can bring the skies—and the accounts—full of sunshine.
easyJet’s Q1 Forecast: A Mixed Picture
While easyJet’s first‑quarter loss isn’t showing any signs of improvement against last year’s numbers, its chief executive Johan Lundgren still keeps a sunny outlook for the rest of the year.
What the CEO Is Saying
“The outlook for this year is positive,” Lundgren says. “Both airline and holiday bookings are ahead year‑on‑year. Recent consumer research shows that around three‑quarters of Britons plan to spend more on their holidays than last year. Travel remains the top priority for discretionary household spending.”
Key Take‑aways
- Q1 Loss Reality: No year‑on‑year improvement expected.
- Bookings on the Rise: Airfares and holiday packages are ticking up.
- British Travel‑Spots: 75% of Britons are ready to increase holiday spend.
- Dividend Resumption: easyJet will pay a 4.5p dividend per share early next year, potentially boosting the payout to 20% of post‑tax profit.
How You Can Stay Updated
Want to keep your finger on the pulse? Subscribe now to get real‑time updates about this post category directly on your device.
