EasyJet holidays ‘upgrades growth plans’ as airline reports three record-breaking weekends

By Lisa James
25/01/2023
Home » EasyJet holidays ‘upgrades growth plans’ as airline reports three record-breaking weekends

EasyJet has said it is planning to scale up its ‘ambitious growth plans’ for its tour operation this year, after issuing its first quarter financial results.

The group said it had achieved three record-breaking weekends for sales revenue this month, and that customers appeared to be ‘prioritising spending on holidays for the year ahead’.

During Q1, easyJet flew 20.2 million seats, with load factors at 87%, significantly higher than the 77% load factor during same period a year ago.

Easter, which sits in Q3, is currently trading well with sold ticket yields up 24% compared to 2019, with people booking later.  

EasyJet holidays is now over 60% sold for this summer.

The financial statement said: “With the holidays business not constrained and considering current levels of demand, we now expect to see growth of circa 50% on FY22.”

CEO Johan Lundgren added: “We have seen strong and sustained demand for travel over the first quarter, carrying almost 50% more customers compared with last year.

“Many returned to make bookings during the traditional turn of year sale where we filled five aircraft every minute in the peak hours, which culminated in three record-breaking weekends for sales revenue this month.

“This strong booking performance, aided by the airline’s step changed revenue capability, has driven an £80m year on year boost in the first quarter with continued momentum as customers prioritise spending on holidays for the year ahead.

“EasyJet holidays, the fastest growing holidays company in the UK, is upgrading its ambitious growth plans for the year given the strong demand.   

“In summary, we expect to see our winter loss reduce significantly over the first half compared to last year.

“This will set us firmly on the path to delivering a full year profit, where we anticipate beating the current market expectation enabling us to create value for customers, investors and the economies we serve.”

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