EasyJet improves

The Luton-based airline remains in the red.

Total group revenue for the quarter ending in December increased to £805m, up from £165m during the same quarter last year.

Passenger revenue increased to £547m versus £118m year-on-year and ancillary revenue increased to £258m compared to £47m in Q1 2021.

Johan Lundgren, Chief Executive of easyJet, said that the improvements came despite the impact of Omicron in December and that the carrier managed to halve losses and cash burn.

He said: “During the pandemic, easyJet has transformed many areas of the business including optimising its network and flexibility and finding sustainable cost savings. This is helping partially offset inflationary pressure, while also step-changing ancillary revenue, which is delivering for us now.

"Booking volumes jumped in the UK following the welcome reduction of travel restrictions announced on 5 January, which have been sustained and then given a further boost from the UK Government's decision earlier this week to remove all testing requirements. We believe testing for travel across our network should soon become a thing of the past”.

www.easyjet.com

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