easyJet reported a pre-tax loss of £394 million for the first six months of the financial year ending in March 2025, but said it remains on track to generate in excess of GBP 1 billion of annual profit before tax over the entire year.
The company said the first-half loss was expected and slightly better than the previous year’s loss of £350 million after adjusting for Easter timing and one-off costs.
The low-fare carrier increased its flight capacity by 12% over the period by flying more seats and longer distances, and focused on longer vacation destinations and more city routes to improve efficiency. This resulted in a 6% increase in crew productivity and a 5% increase in aircraft usage.
These changes helped lower costs per seat. Costs excluding fuel decreased by 4%, and fuel costs decreased by 8%, resulting in a 5% overall cost reduction per seat.
Kenton Jarvis, easyJet CEO, said: “We continue to see strong demand for easyJet’s flights and holidays, as we attract more customers through our great fares, friendly service and unrivalled network of destinations.
“We are executing well against our strategy. We remain focused on delivering another record summer this year, expecting to drive strong earnings growth as we continue to progress towards our target of sustainably generating over £1 billion of annual profit before tax.”
Photo: Rob Munro
easyJet is on track to generate over £1 billion of annual profit before tax.
