Revealed on
Low-cost UK airline EasyJet noticed its shares plunge on Thursday morning after the corporate reported widening losses however confirmed its targets for the monetary 12 months.
The airline’s headline loss earlier than tax was £394 million (€467.3m) for the six months ending 31 March 2025, the primary half of the corporate’s monetary 12 months ending in September 2025. This compares to £350m (€415.1m) for the earlier 12 months.
EasyJet additionally reported an 8% rise in its group income, to £3.53 billion (€4.2bn) from £3.27bn (€3.9bn) for a similar interval.
Seat capability elevated by 6%, and the variety of passengers rose by 8%.
Sturdy winter bookings helped enhance the outcomes, however the timing of Easter made a unfavourable impression of £50m (€59.3m). The revenue was additionally dragged down by elevated funding and better gas prices.
The corporate’s share value plunged within the morning commerce in London by 6%, it made up some losses by 10 a.m. when the shares traded greater than 3% cheaper than the day past’s shut.
EasyJet holidays, the corporate’s tour operator department, delivered a £44m (€52.2m) revenue, £13m (€15.4m) extra in comparison with the identical interval within the earlier 12 months.
The journey operator department Easyjet vacation, which accounts for greater than one-tenth of the group’s income, has simply teamed up with Tesco Clubcard, probably reaching 23 million households. It is usually anticipated to ship a passenger progress of round 25% till the top of September 2025.
Promising outlook for the approaching months
In regards to the group’s general efficiency, “We noticed a powerful monetary efficiency in April reflecting the shift in Easter this 12 months,” the report mentioned, underpinning the corporate’s expectations to have the ability to ship its monetary targets.
The airline goals to generate greater than £1bn (€1.2bn) in annual revenue within the medium time period.
That is supported by elevated bookings for the summer time, with the third and fourth quarters already being 80% and 42% bought, respectively.
“We stay targeted on delivering one other document summer time this 12 months, anticipating to drive robust earnings progress as we proceed to progress in the direction of our goal of sustainably producing over £1 billion of annual revenue earlier than tax,” Kenton Jarvis, CEO of easyJet, mentioned.
The corporate is adopting new planes which can be extra gas environment friendly, reducing prices, whereas including new locations.
Richard Hunter, head of markets at Interactive Investor, mentioned, “Regardless of having posted its normal and anticipated winter loss, easyJet has on nearer inspection made the kind of progress which ought to guarantee one other 12 months of rising profitability.”
As for the plunging share value, “the worth has risen by 21% during the last 12 months, as in comparison with a achieve of 4.5% for the broader FTSE100,” Hunter mentioned, including that good numbers for April are supporting hopes for the group. “The market consensus of the shares as a purchase [is] unlikely to waver regardless of any early turbulence within the share value response.”