{"id":103960,"title":"EasyJet is positive about 2023, as it reports a substantial fall in losses","publisher":"Share Talk","author":"sharetalk","published":"2022-11-29T08:47:48+00:00","modified":"2022-11-29T08:47:48+00:00","canonical_url":"https://www.share-talk.com/easyjet-is-positive-about-2023-as-it-reports-a-substantial-fall-in-losses/","markdown_url":"https://www.share-talk.com/easyjet-is-positive-about-2023-as-it-reports-a-substantial-fall-in-losses.md","json_url":"https://www.share-talk.com/easyjet-is-positive-about-2023-as-it-reports-a-substantial-fall-in-losses.json","category":"B2B","categories":["B2B","Business & Support Services","Manufacturing & Industrial","Technology","Technology, Media & Telecoms"],"tags":["A319","aircraft","airline","Airport","Budget","cancellations","compensation","delays","Easyjet","European","flights","GATWICK","holidays","issues","IT","London","school"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln.\n\nThe increase in capacity flown and the continued revenue generation from ancillary products led to a 296% increase in total revenue to £5,769mln for the year ended 30 September 2022, compared to £1,458mln last year.\n\n[!\\[\\](https://www.share-talk.com/wp-content/uploads/2022/11/steeasyjetncil.default-750x406-1-300x162.jpg)](https://www.share-talk.com/easyjets-year-end-results-will-serve-as-a-gauge-of-its-performance-in-the-coming-year/)\n\n#### [EasyJet’s year-end results will serve as a gauge of its performance in the coming year](https://www.share-talk.com/easyjets-year-end-results-will-serve-as-a-gauge-of-its-performance-in-the-coming-year/)\n\nAccording to the budget airline operator, EBITDAR reached a new record of £674mln for quarter four. This is an increase from £82mln last year. The operational performance was also better than in pre-pandemic 2019, with fewer cancellations on days.\n\nAs demand returned and travel restrictions eased through the year, passenger revenue rose by 282% to reach £3,816mln, up from £1,000mln last year.\n\nAs capacity increased and EasyJet continued its rapid growth, group ancillary revenue rose by 326% to £1,953mln.\n\nEasyJet projects quarter one RPS will increase by more than 20% year-on-year, with load factor growth exceeding 10 percentage points.\n\nCapacity is expected to rise 25% to 38mln seats in the first half. This is expected to increase to 56mln by the end of the year. Capacity is expected to be back at pre-pandemic levels by quarter four.\n\nJohan Lundgren is easyJet’s chief Executive Officer. He stated: “The summer saw easyJet reach its highest ever earnings for one quarter with headline EBITDAR at £674mln and ancillaries up 59% in FY19. EasyJet holidays are well on their way to reaching its £100mln target.\n\n“EasyJet excels in difficult times.\n\n“Consumers will look for value, not just holiday protection. EasyJet will benefit from its primary airport network as customers vote with the wallets.”"}