The parent company of easyJet has revealed that the airline group managed to significantly improve its financial performance during the last three months of 2024, the first quarter of its current financial year (Q1). During the period October 1, 2024, until December 31, 2024, the airline reduced its losses by an impressive £65 million ($84.5), rounding out the quarter with losses before tax of £61 million ($79.3). This figure is down 52%  over the same period the previous year.

During the period, the low-cost carrier saw passenger numbers grow to 21.2 million, up by 7%, while its network passenger load factor, a measure of how full its flights were on average, rose two percentage points to 88%. Capacity (measured in Available Seat Kilometers) rose by 11% year-on-year, while fuel-based costs fell by 13% in the period, which drove down costs per seat kilometer by 4% year-on-year.

At the group’s easyJet Holidays subsidiary, the package holiday arm made £43 million ($55.9) in profits, up £12 million ($15.6) or 39% on the previous year. The brand is expecting customer growth of a further 25% during the current financial year.

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