The airline says it has succeeded in narrowing headline pre-tax losses through cost-cutting measures and a rise in demand for package holidays.

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UK budget airline EasyJet reported a Q1 headline loss before tax of £61m (€72.18m) for the first quarter of the financial year 2025 to the year ended 31 December 2024. 

The loss is less than the £65m (€76.91m) seen in the same period in 2023, it revealed in its trading update.  

EasyJet saw a passenger growth of 7% on an annual basis during the quarter, with EasyJet holidays recording a profit of £43m, an increase of £12m from the same period the previous year. 

Q1’s improvement was mainly because of robust demand for the company’s package holidays, as well as its primary airport network. Better fuel prices contributed to a smaller headline loss before tax as well. EasyJet also focused more on cutting costs this quarter. 

EasyJet took delivery of six new A320neo family aircrafts during Q1, with a seventh one delivered in January. Another two aircrafts are likely to be up and running by the peak of the summer holiday period. 

The airline says is already seeing strong Easter and summer 2025 bookings and has revealed that it is optimistic about hitting its medium term target of over £1bn (€1.18bn) profit before tax. For the financial year 2025, EasyJet holidays is expected to see a 25% growth in customer numbers on an annual basis. 

Expecting demand to continue

Kenton Jarvis, the chief executive officer (CEO) of easyJet, said in a press release on the company’s website: “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. EasyJet holidays continued its growth, achieving around a 40% increase in profits during the period. 

“Looking to this summer, we have seen continuing demand for EasyJet’s flights and holidays where we have one million more customers already booked, with firm favourites like Palma, Faro and Alicante as well as new destinations like Tunisia and Cairo proving popular. All of this demonstrates positive progress towards our medium term target to deliver more than one billion pounds of profit before tax.” 

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