EasyJet Reports 16% Increase in Group Loss After Tax Despite Revenue Growth; H1'25 Revenue Passenger Kilometres Rise 13%

Reuters
05-22
EasyJet Reports 16% Increase in Group Loss After Tax Despite Revenue Growth; H1'25 Revenue Passenger Kilometres Rise 13%

easyJet plc has reported its second quarter 2025 earnings, showcasing a 6% increase in airline revenue, which rose to £3.134 billion from £2.957 billion in the first half of 2024. Passenger revenue increased by 5% to £2.156 billion, while ancillary revenue saw a 7% growth, reaching £978 million. The company also reported a group headline loss before tax of £394 million, a 13% increase from the previous year's £350 million loss. The seat load factor improved slightly to 87.9% from 86.7%, and available seat kilometers $(ASK.AU)$ increased by 12% to 55,570 million. The revenue passenger kilometers (RPK) also rose by 13% to 49,255 million, contributing to a load factor increase to 88.6%. Despite these positive trends, the total revenue per RPK decreased by 6% compared to the previous year. easyJet highlighted its strategic capacity investment as a key driver for anticipated revenue benefits this coming winter and beyond. The company expects positive demand alongside limited capacity growth this summer, which is forecasted to result in attractive earnings growth for the fiscal year 2025. Additionally, easyJet holidays is on track to deliver its medium-term target ahead of schedule. The airline also continued to strengthen its investment-grade balance sheet, with the owned asset book value expected to grow by more than 60% by FY28. easyJet has been recognized as the #1 ESG-rated airline in Europe by Sustainalytics, MSCI, and CDP, reflecting its commitment to sustainability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. easyjet plc published the original content used to generate this news brief on May 22, 2025, and is solely responsible for the information contained therein.

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