EasyJet Expects Strong Earnings Growth in FY24

EasyJet Plc (GB:EZJ) has released an update.

EasyJet Plc anticipates a robust summer season to drive significant earnings growth for FY24, despite reporting a headline loss before tax of £350 million for the first half, a year-over-year improvement of £61 million. The airline’s solid balance sheet, with £146 million in net cash, and a positive outlook for the full year, including the expected sale of approximately 59 million seats in H2, align with its medium-term target of surpassing £1 billion PBT. The company’s strategic expansion, including new bases and aircraft, positions it favorably in the competitive travel market.

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