EasyJet’s financial loss has increased by 13.1% compared to the same period last year, according to a statement released today to the London Stock Exchange.
For the first six months of easyJet’s fiscal year, ending March 31, pre-tax losses amounted to £394 million (€464 million), marking an 11.1% increase compared to the equivalent period the previous year.
Operating losses totaled £369 million (€435 million), a 7.8% increase, while revenue reached £3,534 million (€4,170 million), reflecting an 8.1% increase.
EasyJet transported 18.2 million passengers during the first quarter of the year, representing an 8% increase compared to the first three months of the previous year, as noted in the statement.
The airline’s CEO, Kenton Jarvis, responded by stating that there is a “strong demand for easyJet flights and holidays,” as the company continues to attract more customers due to “great fares, excellent service, and an unmatched network of destinations.”
“We are successfully executing our strategy to enhance efficiency and improve the customer experience, both in-flight and on the ground,” he added.
“We remain focused on achieving another record summer this year and expect to drive strong profit growth as we advance towards our goal of sustainably generating more than £1,000 million (€1,180 million) in annual pre-tax profit,” he further noted.
