---
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"
date: 2022-11-29
canonical: "https://www.share-talk.com/easyjet-is-positive-about-2023-as-it-reports-a-substantial-fall-in-losses/"
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"]
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format: "news"
language: "en-GB"
---

# EasyJet is positive about 2023, as it reports a substantial fall in losses

**Published:** November 29, 2022
**Author:** sharetalk
**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)

---

EasyJet PLC reported that bookings for next year are positive, reporting a substantial reduction in annual losses to £178mln, compared with £1,136mln.

The 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.

[!\[\](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/)

#### [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/)

According 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.

As demand returned and travel restrictions eased through the year, passenger revenue rose by 282% to reach £3,816mln, up from £1,000mln last year.

As capacity increased and EasyJet continued its rapid growth, group ancillary revenue rose by 326% to £1,953mln.

EasyJet projects quarter one RPS will increase by more than 20% year-on-year, with load factor growth exceeding 10 percentage points.

Capacity 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.

Johan 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.

“EasyJet excels in difficult times.

“Consumers will look for value, not just holiday protection. EasyJet will benefit from its primary airport network as customers vote with the wallets.”

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