EasyJet slashes winter financial losses as passenger boom prompts huge profit forecast
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Britain’s biggest budget airline lost just under £3 per passenger during the final three months of 2024. EasyJet lost £61m during the final three months of 2024, as Britain’s biggest budget airline flew 21.2 million passengers between October and December.
This means the firm was losing an average of just under £3 for each person. In common with many other travel companies, easyJet traditionally loses money in winter but makes large profits in summer. EasyJet’s new chief executive, Kenton Jarvis, said the airline had “performed well” in the quarter, halving year-on-year losses while flying 7 per cent more customers.
The package holiday subsidiary, easyJet Holidays, made £43m in profits, up 39 per cent on the previous year. The brand is expecting customer growth of a quarter during the full financial year. Mr Jarvis said: “Looking to this summer, we have seen continuing demand for easyJet’s flights and holidays where we have one million more customers already booked, with firm favourites like Palma, Faro and Alicante as well as new destinations like Tunisia and Cairo proving popular.
“All of this demonstrates positive progress towards our medium-term target to deliver more than £1 billion of profit before tax.”. The airline said “current booking trends are supportive” of the market consensus of around £709m for the full financial year, which ends in September 2025.