European carrier easyJet said its profit before tax improved 21.2% to £286 million in the third quarter ending June 30, 2025, it said in a trading update on July 17, 2025. In addition, the company's EBITDA in the quarter improved 16.1% to £491 million.
The airline said it is continuing to see “strong demand” with 67% of bookings sold in the subsequent and fourth quarter ending September, with the trend towards later bookings continuing.
However, the airline said it expects an approximate £25 million impact from rising fuel costs and the French air traffic control (ATC) strike disruption, split by around £10 million and £15 million impact each, respectively.
“We are extremely unhappy with the strike action by the French ATC in early July, which as well as presenting unacceptable challenges for customers and crew also created unexpected and significant costs for all airlines,” said easyJet CEO Kenton Jarvis.
For the June quarter, the company said its group revenues were up 10.9% to £2.9bn. Passenger revenues were up 9.7% to £1.8bn, while ancillary revenues were up 5.6% to £732 million. Holiday revenues improved 27.4% to £428 million.
“easyJet holidays remains on track to deliver more than £235 million of profits for the full year and we see a positive outlook for the group for FY25 and beyond, as we continue to focus on progressing towards our medium-term targets,” continued Jarvis.
Total airline unit revenues were relatively flat, up 0.5% to 6.57 pence and unit costs maintained equal growth at a positive 0.5% to 6.04 pence.
For the quarter, the company's capacity was up 7.9%, with passengers flown up 2.2% to 25.3 million. Load factor averaged at 90%, improving 0.2 percentage points.
As of June 30, 2025, the company's net cash position was £803 million with all nine expected aircraft deliveries taken into ownership. During the quarter, easyJet brought in a further two A320neo aircraft back into ownership as planned. Additionally, during the quarter, the company entered into a new revolving credit facility for $1.7bn, which remains undrawn, replacing its $1.75bn UKEF facility and $400 million revolving credit facility, which were undrawn and now terminated.
With this new facility, easyJet said it provides a “more efficient financing structure” with it reducing associated annual interest charges by £8 million when compared to its previous facilities, as well as securing liquidity until at least 2030.
The company repaid a €500 million Eurobond on June 11, 2025, the trading update added.
As of June 30, easyJet's liquidity was £4.9bn, which is £1.5bn above its liquidity policy.