EasyJet raises profit target again as bookings remain strong

EasyJet said revenue per seat would rise about 20% in the fiscal third quarter, and it described Easter sales as “strong” as it operates nearly all of its roughly 1,600 flights a day.

The carrier expects to be almost at full pre-pandemic capacity during the peak summer season.

“We’re seeing continued strong bookings for the summer months as customers prioritize travel spending,” CEO Johan Lundgren said in a release.

Discount airlines, including EasyJet and larger rival Ryanair, are benefiting from a combination of a rebound in summer travel demand and fewer passenger transactions amid a tightening cost of living.

Air travel in Europe has surged as airlines seek to repair balance sheets shattered by the pandemic and ensuing travel restrictions.

EasyJet said in January that it expected full-year pre-tax profit to beat market expectations, and said its first-half loss would be significantly better than a year earlier.