EasyJet made a file revenue this summer time as demand continues to bounce again following the pandemic.
The finances airline is anticipating revenue earlier than tax between July and September to return in between £650m and £670m.
Passenger numbers have risen by 8% when put next with the identical interval final yr, with fares rising by 9% over the identical interval.
In an replace to traders, easyJet additionally confirmed it’s planning to renew paying dividends from early subsequent yr.
Initially, 10% of annual income after tax will likely be distributed to shareholders from early subsequent yr – and that is anticipated to rise to twenty% in 2025.
Orders for 157 new plane from Airbus have additionally been positioned, however this funding is topic to approval from shareholders.
This could possibly be difficult as easyJet founder Stelios Haji-Ioannou – who has a 15% stake within the airline – has beforehand questioned whether or not costly new planes are wanted.
“We have delivered a record summer with strong demand for easyJet’s flights and holidays with customers choosing us for our network, value and service,” chief government Johan Lundgren stated.
In the medium time period, Mr Lundgren revealed easyJet is aiming to attain a revenue earlier than tax of £1bn – “driven by reducing winter losses, upgauging our fleet and growing easyJet Holidays”.
Read extra enterprise information:
UK economic system grew by 0.2% in August
Energy payments might rise by £17 a yr
Ex-F1 boss Bernie Ecclestone admits fraud
Flights to Israel suspended
EasyJet is among the many airways which have suspended flights to Israel following an unprecedented assault by Hamas final weekend.
Operations from Tel Aviv have been suspended, with all flights cancelled till 17 October on the earliest.
The firm says it’s reviewing the scenario on the bottom each day.
Speaking to reporters, Mr Lundgren stated easyJet needed to renew flights to Israel as quickly as attainable – however couldn’t give a agency date.
British Airways had continued to fly to Tel Aviv till Wednesday, however suspended the route hours after considered one of its planes diverted again to London due to safety issues – simply earlier than it was because of arrive at Israel’s Ben Gurion Airport.
Source: information.sky.com”