H1 loss reported again by easyJet but revenue up 80% year-on-year

UK budget carrier easyJet’s revenue increased by 80% to almost £2.7bn in the first half of the financial year (H1 2023) to March 31. The airline recorded a pre-tax loss of £411 million for another 80% year-on-year improvement. The reported non-headline loss came to £4 million, an improvement on H1 2022 loss of £12 million. Passenger revenue came to almost £1.8bn, a 78% jump, with revenue per seat up 42% to over £46. Ancillary revenue climbed 83% to £940 million as the carrier’s holiday offerings became better known. The number of passengers carried increased by 41% to 33.1 million, which