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Strong summer travel demand gives EasyJet profit a boost

Strong summer travel demand gives EasyJet profit a boost

delivered a 16% rise in year-over-year profit in its third-quarter as a result of strong summer travel demand.

The airline said in a trading update on Wednesday that more customers looking for budget holidays also provided a boost.

Profit before tax came in at £236m (€280m) for the three months ended 30 June, compared with £203m (€241m) reported a year earlier.

EasyJet said the outlook for its fiscal 2024 is positive.

Meanwhile, the low-cost airline's revenue per seat for the quarter was up 1% and it said that trend is expended to continue into the fourth quarter.

Source

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