EasyJet’s shares have fallen to their lowest since October amid lower revenue projections for the second quarter, despite a reduced first-quarter operating loss of €47m compared to €138m a year earlier.
The airline says it is experiencing strong demand for summer flights and holidays, with a million additional customers booked for popular destinations like Palma, Faro, and Alicante, according to new CEO Kenton Jarvis.
Analysts predict that the shift of the Easter holiday to late April may boost business performance for the remainder of the year, supporting EasJet’s forecast of a £709m (€839) pretax profit.
EasyJet, which recently appointed CEO Kenton Jarvis and new CFO Jan De Raeymaeker, aims to achieve £1bn in pretax profit and is preparing for the delivery of nine new Airbus aircraft to aid in capacity expansion.
