EasyJet Reports £394 Million Loss Amid Rising Revenue, Cost Pressures

EasyJet reported a widening pre-tax loss of £394 million for the six months ending March 2025, an increase from the previous year, despite an 8% rise in group revenue driven by higher passenger numbers. The airline's losses were impacted by a later Easter holiday, increased investment in longer leisure routes, and higher fuel costs, although these new routes are expected to mature and help reduce winter losses going forward. Capacity grew by 12%, with sector length rising 6%, but these factors contributed to a 6% decline in revenue per available seat kilometer (RASK). EasyJet Holidays, the company's tour operator, saw profits grow to £44 million with a projected 25% passenger growth, supported by partnerships such as with Tesco Clubcard. The airline remains optimistic, with strong summer bookings and targets to sustainably generate over £1 billion in annual pre-tax profit in the medium term, while continuing fleet modernization and expanding bases. CEO Kenton Jarvis emphasized their focus on efficiency and customer experience to drive future earnings growth despite current market challenges.