EasyJet reports strong third quarter results on back of summer travel demand

BritIsh airline EasyJet posted a pretax profit of £203 million (€234.3 million) for its third quarter as ticket yields soared 22 per cent year-on-year on the back of an ongoing rebound in summer travel demand.

Airlines in Europe are set to report strong earnings this quarter as post-pandemic travel demand continues to drive bookings across the continent at similar levels to 2019.

The airline also said it expected to report record pretax profit for its fourth quarter, the July to end of September period, as costs per seat flattened with oil prices stabilising.

However EasyJet’s chief executive Johan Lundgren warned about the potential impact of limited airspace availability and air traffic control strikes in Europe.

“We are absolutely focused on mitigating the impact of the challenging external environment on our customers and flying them on their well-earned holidays,” he said in a statement. - Reuters

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