easyJet expects to return to profit in 2023

UK-based low-cost carrier easyJet expects strong summer bookings to help it return to full-year profit in 2023 and beat market expectations. easyJet posted a loss before tax of £133 million for the quarter to the end of December (Q1), but this was an improvement over the prior-year quarter which booked a loss of €213 million. Passenger revenue for the quarter increased to €975 million, with group revenue including ancillary revenue and easyJet Holidays revenue up at €1.474bn. easyJet’s first quarter financial performance was ahead of expectations as yields strengthened, with revenue per seat increasing 36% year on year and airline