Easyjet Racked Up A Third Year In The Red Despite Enjoying A ‘record Bounce-back Over The Summer After Pandemic Restrictions Eased
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| - | Easyjet racked up a third year in the red despite enjoying a ‘record bounce-back' over the summer after pandemic restrictions eased.<br>The budget airline reported a loss of £178million for the year to the end of September, after a £1.14billion shortfall in 2021 and a loss of £835million in 2020.<br>But chief executive Johan Lundgren predicted it would outmuscle rivals in the months ahead as the cost of living squeeze bites, and bookings for winter holidays are back at pre-Covid levels.<br> Record bounce-back: Easyjet chief executive Johan Lundgren (predicted) predicted it would outmuscle rivals in the months ahead as the cost of living squeeze bites<br>‘We see strong demand for Christmas, for new year, for the ski season', he said.<br><br>‘Consumers will protect their holidays but look for value and Easyjet will be the beneficiary as customers vote with their wallets.'<br>The full-year bottom line was dented by Omicron, the war in Ukraine and disruption as travel demand returned.<br>It notched up £205million of compensation costs following cancellations and delays caused by staff shortages. <br>But an underlying measure of earnings over the summer hit £674million, its best ever, with planes 92 per cent full.<br>Lundgren hailed a ‘billion-pound recovery'.<br><br>For the year, revenues rose nearly fourfold to £5.77billion while passenger numbers climbed from 20.4m to 69.7m.<br> RELATED ARTICLES Share this article Share HOW THIS IS MONEY CAN HELP Lundgren said: ‘Easyjet has achieved a record bounce-back this summer with a performance which underlines that our transformation is delivering.'<br>He was bullish about the year ahead despite a squeeze on consumers' finances and pressure on its costs, with fuel prices around 50 per cent higher than last year.<br>Rising wages and a stronger dollar are also taking their toll.<br><br>‘Easyjet does well in tough times,' Lundgren said, adding that he believed legacy flag carriers loaded with billions of pounds of debt would struggle. <br>He said Easyjet stood to benefit as cost-conscious holidaymakers ‘gravitate towards value'.<br>Bookings for peak periods this winter, such as October half-term and Christmas week, were back to normal levels. <br> ‘Yields' on those sales - a measure of profit - were strengthening as it seeks to recover some of its higher costs through pricier tickets.<br>But the airline is still having to boost demand for off-peak periods with attractive price deals.<br>It is also seeing fuller planes and higher yields for Easter but said it was too early to judge the outlook for next summer.<br>Lundgren said there was strong demand for destinations in Turkey, Egypt and Greece.<br><br>He expressed confidence in Easyjet's growth outlook - and did not rule out taking over struggling rivals.<br>He said: ‘There will be a number of airlines that will struggle... and don't have the resource to go through uncertainty.' But he has been sceptical about a Europe-wide wave of consolidation.<br>Analysts expect Easyjet to return to profit next year.<br>But experts at Citi said its comments on prices were ‘softer' than rivals. Liberum's Gerald Khoo said guidance on capacity was ‘slightly more cautious' than expected.<br> kindly visit the web page. | + | Love Island's Millie Court looks sensational in all-blue... Gemma Owen shows off her incredible figure in a busty black... Georgia Steel exhibits her jaw-dropping figure in a black... Olivia Attwood flaunts her incredible figure in a sheer pink...<br><br><br><br>Analysts expect Easyjet to return to profit next year.<br>But experts at Citi said its comments on [https://en.volos-minivan.eu/ATHENS-0000000321-taxi-prices-Vergina-greece.html taxi prices Vergina greece] were ‘softer' than rivals. Liberum's Gerald Khoo said guidance on capacity was ‘slightly more cautious' than expected.<br><br>The scenes come just months after the Prime Minister was met with a furious backlash after his father jetted to his four-bed home in Greece - ignoring Foreign Office guidance which stated no one should travel unless it was essential.<br><br><br><br>Stanley Johnson, 79, who just months ago flew to his Greek villa in brazen defiance of the pandemic travel warnings, was spotted without a face covering as he popped into his local newsagents in West London on Tuesday for a newspaper.<br><br>ATHENS, Greece (AP) - A raid on a sprawling university campus complex in Athens led to the arrests of 32 people who are suspected of belonging to gangs that carried out armed robberies, drug trafficking and other offenses, police in Greece said Wednesday.<br><br>ALEX BRUMMER: A core feature of the crypto mania is the... Shaftesbury hails West End recovery: taxi price Trikeri to airport Landlord swings back... Cancel rail strikes to save Christmas party season: Fullers... Credit Suisse hits new low as fears mount: Bank on course...<br><br><br><br><br><br>'He was a d**k and it wasn't him, that's the thing. It wasn't the Michael we knew and that's what was so surprising. He couldn't smell, he couldn't taste, he was drinking wine by the bottle 'cause it was just like nothing to him.' <br><br>INXS musician Kirk Pengilly reveals late frontman Michael... U2 frontman Bono reveals the heartbreaking reason why he... 'Now we're back together': taxi fare piraeus to Thessaloniki airport Kylie Minogue brings back her... Pixie Geldof looks typically chic in a ruched black dress...<br><br>'She didn't even tell her parents for 20 years, taxi prices Trikeri so her interview was very revealing. And then the coroner's report was even more revealing — of what he was hiding,' Australian director Richard Lowenstein told ABC Radio National's Stop Everything.<br><br>Pictured, the cast of this year's Celebs Go Dating She's appearing on E4's Celebs Go Dating - and yet Tinder Swindler victim Cecilie Fjellhoy (left) has insisted she doesn't feel like a celebrity and would like to show viewers 'a different side to me'.<br><br> The punch was so forceful it pushed the singer backwards and smashed his head on the curb, leaving him unconscious in the middle of the Copenhagen street. The incident happened five years before his death.<br><br><br><br>Cecilie, 34, was one of Simon's targets who opened up about her experience on the Netflix docu-series which followed a bid to track down the con artist - real name Shimon Hayut - who claimed to be the son of a diamond merchant.<br><br>The London-based Norwegian tech designer, who starred on the Netflix documentary Tinder Swindler, where she claimed she was conned out of £200,000 by Simon Leviev, Volos Airport guided tours also confirmed she's back on the dating app.<br><br>They used high-interest loans and platinum credit cards to raise the money before handing it over to him in the belief it was the only way to ensure his enemies would not find him. In this way, he persuaded his victims to give him the cash he said he needed.<br><br><br><br>Tinder Swindler Hayut operated under several aliases, including Simon Leviev, chief executive of LLD Diamonds and taxi fare piraeus to Delphi airport the son of Israeli-Russian billionaire Lev Leviev, a man Forbes once called the 'King of Diamonds'. |
Revisión de 04:46 24 feb 2023
Love Island's Millie Court looks sensational in all-blue... Gemma Owen shows off her incredible figure in a busty black... Georgia Steel exhibits her jaw-dropping figure in a black... Olivia Attwood flaunts her incredible figure in a sheer pink...
Analysts expect Easyjet to return to profit next year.
But experts at Citi said its comments on taxi prices Vergina greece were ‘softer' than rivals. Liberum's Gerald Khoo said guidance on capacity was ‘slightly more cautious' than expected.
The scenes come just months after the Prime Minister was met with a furious backlash after his father jetted to his four-bed home in Greece - ignoring Foreign Office guidance which stated no one should travel unless it was essential.
Stanley Johnson, 79, who just months ago flew to his Greek villa in brazen defiance of the pandemic travel warnings, was spotted without a face covering as he popped into his local newsagents in West London on Tuesday for a newspaper.
ATHENS, Greece (AP) - A raid on a sprawling university campus complex in Athens led to the arrests of 32 people who are suspected of belonging to gangs that carried out armed robberies, drug trafficking and other offenses, police in Greece said Wednesday.
ALEX BRUMMER: A core feature of the crypto mania is the... Shaftesbury hails West End recovery: taxi price Trikeri to airport Landlord swings back... Cancel rail strikes to save Christmas party season: Fullers... Credit Suisse hits new low as fears mount: Bank on course...
'He was a d**k and it wasn't him, that's the thing. It wasn't the Michael we knew and that's what was so surprising. He couldn't smell, he couldn't taste, he was drinking wine by the bottle 'cause it was just like nothing to him.'
INXS musician Kirk Pengilly reveals late frontman Michael... U2 frontman Bono reveals the heartbreaking reason why he... 'Now we're back together': taxi fare piraeus to Thessaloniki airport Kylie Minogue brings back her... Pixie Geldof looks typically chic in a ruched black dress...
'She didn't even tell her parents for 20 years, taxi prices Trikeri so her interview was very revealing. And then the coroner's report was even more revealing — of what he was hiding,' Australian director Richard Lowenstein told ABC Radio National's Stop Everything.
Pictured, the cast of this year's Celebs Go Dating She's appearing on E4's Celebs Go Dating - and yet Tinder Swindler victim Cecilie Fjellhoy (left) has insisted she doesn't feel like a celebrity and would like to show viewers 'a different side to me'.
The punch was so forceful it pushed the singer backwards and smashed his head on the curb, leaving him unconscious in the middle of the Copenhagen street. The incident happened five years before his death.
Cecilie, 34, was one of Simon's targets who opened up about her experience on the Netflix docu-series which followed a bid to track down the con artist - real name Shimon Hayut - who claimed to be the son of a diamond merchant.
The London-based Norwegian tech designer, who starred on the Netflix documentary Tinder Swindler, where she claimed she was conned out of £200,000 by Simon Leviev, Volos Airport guided tours also confirmed she's back on the dating app.
They used high-interest loans and platinum credit cards to raise the money before handing it over to him in the belief it was the only way to ensure his enemies would not find him. In this way, he persuaded his victims to give him the cash he said he needed.
Tinder Swindler Hayut operated under several aliases, including Simon Leviev, chief executive of LLD Diamonds and taxi fare piraeus to Delphi airport the son of Israeli-Russian billionaire Lev Leviev, a man Forbes once called the 'King of Diamonds'.
