Aviation

EasyJet cuts losses as consumers are ‘safeguarding their holidays’

The company reported a loss before tax of £415 million in the six months to the end of March

  • May 18, 2023
Losses have narrowed at EasyJet. Photo AFP via Getty Images

EasyJet has reported improved financial results, stating that consumers are “safeguarding their holidays” despite the cost-of-living crisis.

The company reported a loss before tax of £415 million in the six months to the end of March, compared with £557 million a year earlier.

It carried 33.1 million passengers over the six-month period, up 41 per cent year-on-year.

The average ticket price paid was £61, up 24 per cent on a year earlier.

EasyJet stressed that ...