EasyJet CEO Johan Lundgren stated that the airline is not experiencing any signs of decreased demand and ticket prices remain stable. This is in contrast to Ryanair’s warning of sliding ticket prices earlier in the week
EasyJet’s shares rose by 5% following a 16% increase in pretax profit for the April-June quarter and a positive outlook for its holidays business, indicating a potential record summer for the airline
Despite some fluctuation in ticket prices, the fare environment for EasyJet is similar to last year on average, with airline revenue per seat up by 1% in the quarter
Analysts suggest that EasyJet’s pricing performance is reassuring compared to Ryanair’s fare weakness, possibly influenced by revenue management challenges and passenger pricing sensitivity in different markets.
Mr Lundgren said “you will have some parts of the network and some flights that are cheaper than last year, but some would be slightly more expensive. But on average, the fare environment is very similar to what we saw last year.
