In the latest financial update for the first quarter of its current financial year, easyJet's parent company has announced impressive progress in its financial performance. According to Pilotcenter.net News, between October 1 and December 31, 2024, the airline managed to reduce its losses by a significant £65 million ($84.5), resulting in pre-tax losses of £61 million ($79.3), marking a 52% decrease from the previous year.

During this period, easyJet saw a 7% increase in passenger numbers, reaching 21.2 million. The airline also saw its network passenger load factor rise to 88%. With a capacity increase of 11% year-on-year and a 13% decrease in fuel-based costs, the costs per seat kilometer decreased by 4% compared to the previous year.

The easyJet Holidays subsidiary also performed well, generating profits of £43 million ($55.9), a 39% increase from the previous year. The company anticipates further customer growth of 25% in the current financial year.

Kenton Jarvis, easyJet's CEO, expressed satisfaction with the results, stating, “easyJet performed well in the quarter reducing Q1 losses by 52% year on year while flying 7% more customers to an even greater choice of destinations across the network." The CEO also noted positive booking trends for the upcoming summer season.

Looking ahead, easyJet remains optimistic about the increasing demand for air travel. The airline is confident in its ability to capitalize on this demand and is on track to achieve the market consensus profit forecast of around £709 million ($921 million) for the full financial year ending on September 30, 2025.