At the height of Covid, easyJet racked up losses of more than £2 billion amid wider fears for the future of air travel. Some said the days of cheap air flights for the masses were over.
Today the budget carrier said profits for the year will beat City expectations of £260 million. That compares with a loss of £178 million last time.
Demand was strong over Easter with 1600 flights a day taking off. Passenger numbers are back to pre-Covid levels, despite French air traffic control strikes and a squeeze on consumer spending due to the cost of living crisis.
EasyJet’s summer holidays are 80% sold already, suggesting its pricing point is an advantage in tough economic times.
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