EasyJet celebrates its results on the stock exchange: “Things are improving”

The low cost airline EasyJet has risen 4% on Thursday on the London stock exchange after publishing results that have pleased the market. Revenue in the third quarter of its fiscal year increased 11.4% over the same period a year ago , to 1,761 million pounds (1,949 million euros).

In the quarter, the company transported 26.4 million passengers , representing an increase of 8% over the previous year, while the load factor was 91.7% compared to 93.4% the previous year.

” Things are improving at EasyJet , and the airline is now looking for the path to record profits in the second half of the year, after a record loss in the first half, that means that the full year’s earnings will be significantly below the last year , “explains Laith Khalaf, senior analysts at Hargreaves Lansdown.

From Hargreaves Lansdown highlight that Easyjet is transporting an increasing number of passengers and selling them more goods and services while they are on board, which is driving revenue. “It is also showing more control over non-fuel costs than in recent times,” says Khalaf.

The CEO of EasyJet, Johan Lundgren, has pointed out that the performance has been “strong” due to a “solid” Easter period and despite the difficult macroeconomic conditions.

Anthony Rankin

I am Anthony Rankin and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions.

I am the driving force behind BPL and a professional daytrader. I will be providing technical analysis of various stocks on BPL.

Latest posts by Anthony Rankin (see all)