EasyJet Reports Stronger-than-Expected Operating Profit Amid Industry Struggles

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EasyJet Reports Stronger-than-Expected Operating Profit Amid Industry Struggles
EasyjetOperating ProfitCapacity Increase

EasyJet reported an operating profit of £597 million for the year ended September 30th, 2024, which is 25% higher than the previous year. The company anticipates a 3% capacity increase in fiscal 2025, driven by lower oil prices and a focused holiday business. Despite industry challenges, EasyJet expects its holiday customer base to grow by about 25% from last year.

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EasyJet reported an operating profit of £597 million for the year ended September 30th, 2024, which is 25% higher than the previous year but slightly lower than analysts' expectations of £625.6 million. The company anticipates a 3% capacity increase in fiscal 2025, driven by lower oil prices and a focused holiday business. Despite challenges faced by other European airlines, EasyJet has managed to avoid some issues due to its Airbus fleet equipped with CFM engines.

The airline also expects holiday customers to grow by about 25% from last year

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