EasyJet's Q2 revenue at £1.49B, up 524% YoY

Thursday, 19. May 2022 08:07

EasyJet PLC announced on Thursday that its total revenue in the second quarter of the fiscal year 2022 stood at £1.49 billion, soaring 524% year on year. The company's revenue from passengers saw an annual increase of 479.4% in the second trimester, standing at £985 million.

"Leisure and domestic routes have fully recovered with capacity at 113% and 104% of FY19 levels respectively, whilst business and city traffic continues to recover with demand currently below FY19 levels," it was stated in the report. EasyJet shared that the forward bookings for the third and fourth quarters have been 76% and 36% sold, respectively.

"easyJet has reduced its losses year on year, at the better end of guidance. The pent-up demand and removal of travel restrictions provided for a strong and sustained recovery in trading which has been further boosted as a result of our actions," the company's CEO Johan Lundgren noted.

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Author:
Baha Breaking News (BBN) / AY