Category Archives: easyJet (UK)

easyJet and Neos: starting from June, flights will be available from Southern Italy to New York and Santo Domingo via Milan Malpensa

easyJet has made this announcement:

The partnership between easyJet, the leading airline in Milan Malpensa, and Neos, the second Italian airline and part of the Alpitour group, aims to increase connectivity between Southern Italy and th…

easyJet and Neos have announced a partnership to further enhance connections from Italy to some of the most attractive intercontinental destinations. Starting from 16 June, easyJet will provide connecting flights from Catania, Naples and Palermo to Neos’ passengers departing for New York JFK Airport and Santo Domingo La Romana Airport, with a stopover at Milan Malpensa Airport, easyJet’s main hub in continental Europe.

As a result of the partnership, easyJet, the leading airline at Milan Malpensa, will offer flights from Catania, Palermo, and Naples to Neos and Alpitour customers heading to the United States and the Dominican Republic, allowing Alpitour Group, the leading tour operator in Italy, to further expand its product offering in Southern Italy.

easyJet (UK) aircraft photo gallery:

easyJet partners with GKN Aerospace to accelerate adoption of Hydrogen

easyJet has announced it is working with GKN Aerospace, the world’s leading multi-technology tier 1 aerospace supplier, to work toward reducing carbon emissions in aviation through the adoption of zero carbon emission technologies..

easyJet will support the development of GKN Aerospace’s Hydrogen Combustion (H2JET) and Hydrogen Fuel Cell (H2GEAR) technology, including exploring the options for flight demonstration, as part of the airline’s ambition to de-carbonise aviation. Among others, easyJet will provide insights into operational requirements and economics.

H2GEAR is a GKN Aerospace led ground-breaking UK collaboration programme aiming to develop a liquid hydrogen propulsion system for sub-regional aircraft that could be scaled up to larger aircraft. Liquid hydrogen is being converted to electricity within a fuel cell system. This electricity efficiently powers the aircraft, eliminating carbon emissions and creating a new generation of clean air travel.

The H2GEAR program is supported by £27M of ATI funding, matched by GKN Aerospace and its industrial partners.

H2JET is a Swedish collaborative two-year programme led by GKN Aerospace to push development of key subsystems for gas turbine-based hydrogen propulsion of medium range civil aircraft.

Championing the development of a zero carbon emission aircraft to de-carbonise aviation is a key focus for easyJet, and the airline is working with partners across the industry like GKN Aerospace, as well as Airbus, Rolls-Royce, Cranfield Aerospace Solutions and Wright Electric, to accelerate the development of zero carbon emission technologies and supporting infrastructure. The airline is optimistic that it could begin flying customers on planes powered by hydrogen-combustion, hydrogen-electric or a hybrid of both by the mid to late-2030s.

In November last year, easyJet joined Race to Zero, a global UN-backed campaign to achieve net-zero carbon emissions by 2050 at the latest. In joining Race to Zero, the airline committed to setting an interim science-based target for 2035 and to reaching net-zero carbon emissions by 2050, for which technology for zero carbon emission flying will play an important part.

In 2019, easyJet became the first major airline worldwide to offset the carbon emissions from the fuel used for all its flights and remains the only major airline in Europe to do so. This comes at no additional cost to its customers and the airline only supports projects that are certified by either Gold Standard or Verified Carbon Standard. This is an interim measure to address its impact on the environment in the short-term.

Beyond carbon, easyJet is focusing on reducing plastic – more than 36 million single-use plastic items were eliminated – as well as reducing waste within its wider operations and the supply chain. The airline also introduced new crew uniforms made from recycled plastic bottles. With 45 bottles in each uniform this has the potential to prevent 2.7 million plastic bottles from ending up in landfill or in oceans over the next five years.

easyJet aircraft photo gallery:

Sky Express joins Worldwide by easyJet

Sky Express made this announcement:

The company that changed the landscape in the country’s aviation continues its continuous growth as it now becomes a member of the growing network of Dohop airlines on Worldwide by easyJet.

SKY express is part of the cooperation program with the Dohop network, in order to expand the destinations as well as to offer long-haul flights, throughout Europe and beyond. SKY express, which operates domestic flights and flights to major European destinations, is now integrated into the Worldwide by easyJet’s network.

SKY express cooperation with Dohop further strengthens a strategic international destination, as Dohop’s virtual interline technology will enable SKY express passengers to combine affordable flights to major destinations across Europe and the Middle East. Passengers wishing to purchase a ticket to any of the Worldwide destinations will be able to do so with a single booking process.

The alliance with Dohop is added to SKY express interconnection deals with American Airlines, Air Serbia, Qatar Airways, Air France, KLM, Middle East Airlines, Cyprus Airways and Condor.

easyJet adopts SkyBreathe® 360° eco-flying platform to reduce CO2 emissions

easyJet has chosen SkyBreathe®, an advanced eco-flying solution to reduce the fuel burn and thus CO2 emissions of their fleet, as part of their ambition to reduce their carbon footprint from flying across Europe.

Most aviation emissions come from fuel consumption and the resulting carbon emissions. SkyBreathe® is an innovative eco-flying solution developed by OpenAirlines. It is based on Cloud, Artificial Intelligence and Big Data and enables airlines to save fuel and reduce their carbon footprint by up to 5%.

Under the agreement, the fuel management software will automatically collect and analyze the data from the 300+ aircraft operated by easyJet and combine them with data from other sources, including payload, weather conditions, maintenance, flight paths, and Air Traffic Control.

The solution will identify the most relevant fuel saving opportunities and generate actionable insights shared with all stakeholders through synthetic and easy-to-read dashboards. Based on this information, the airline will benefit from a thorough understanding of its operations. The solution allows for the implementation of the most efficient procedures on the ground (pushback, taxi, takeoff, turnaround, etc.) and during flight (climb, cruise, approach, landing, etc.) to maximize carbon reduction.

easyJet launches new recruitment drive for 1,000 pilots

easyJet (UK) made this announcement:

New ad campaign is designed to attract more diverse candidates and challenge stereotypes about becoming an airline pilot

  • easyJet is re-launching its ‘Generation easyJet Pilot Training’ program for the first time in two years since the start the Covid-19 pandemic
  • A parent, former gymnast and DJ, who are also real life easyJet pilots, are the stars of a new ad campaign to encourage aspiring pilots to apply
  • The ads showcase some of the skills needed to become a pilot and challenge stereotypes about the job, to show that they can be found in all walks of life
  • The airline is recruiting for 1000 cadets over the next five years to train to become pilots and join the airline from 2024 onwards
  • With still around only 6% of pilots worldwide being women, the airline remains focused on encouraging more women to become a pilot
  • The new national ad campaign launches today across social media and will also roll-out  in Europe

A parent, a former gymnast and DJ are the stars of a new easyJet recruitment campaign, encouraging people from all walks of life to train to become an airline pilot.

For the first time since the beginning of the pandemic, easyJet is re-opening its pilot training program with training partner CAE. To support future growth opportunities, the airline is recruiting over 1000 new pilots over the next five years.

The new ad campaign, featuring multi-talented, real-life easyJet pilots, aims to highlight that everyone has the potential to turn their skills and passions towards becoming an airline pilot.

Mother of two, Captain Iris de Kan, is seen in one of the ads with 5-year-old daughter Kiki. The ad serves to communicate that those with incredible multi-tasking skills could make for excellent pilots. While many parents wish they had eyes in the back of their head, it’s a common misconception that 2020 vision is required to become an airline pilot.

Former gymnast and now Senior First Officer with easyJet, Nina Le is featured performing a split leap on the tarmac, showcasing her fantastic reactions and hand-eye coordination – key skills for aspiring pilots.

easyJet Senior First Officer Aaron Moseley, a former resident DJ, transitioned from the club decks to the flight deck by training to become a pilot for easyJet seven years ago. His hands-on practical skills have enabled him to switch records for runways.

The new recruitment ad campaign is part of easyJet’s efforts to find the next generation of easyJet pilots, with a continued focus on encouraging more women to become an airline pilot to address the gender imbalance in the industry.

Johan Lundgren, CEO of easyJet, said:

“We are delighted to be reopening our pilot training program again for the first time since the pandemic hit and will see us recruit over 1000 new pilots in the coming years. easyJet has long championed greater diversity in the flight deck and this series of ads aims to highlight the extraordinary breadth of skills our pilots have and show that pilots can be found in all walks of life, in a bid to attract more diverse candidates.

“We continue to focus on challenging gendered stereotypes of the career having doubled the number of female pilots flying with us in recent years. We also acknowledge that whilst we have made progress, there is still work to do. Increasing diversity in all of its forms in the flight deck is a long-term focus for easyJet and so we will continue to ensure we lead the industry on this issue.”

Captain Iris de Kan said:

“It’s important that girls have visible role models so we can combat job stereotypes and show that anyone with the motivation and passion can turn their skills to being an airline pilot. I love the responsibility and challenge that comes with my job – but it’s not as challenging as juggling the demands of a five-year old and a little baby at home!”

Senior First Officer Aaron Moseley said: 

“I’m really proud to be a black man who is also a role model for the next generation. Growing up, I never had the chance to see or know a black airline pilot. I’m proud to be able to go into schools to talk to young people and show that you can develop skills through all kinds of experiences like music and sport that they can channel into becoming a pilot, and have the opportunities to achieve their dreams too.”

And gymnast turned Senior First Officer Nina Le said:

“Combining my love of travel with the practical skills I learnt on the gym floor really does make being a pilot the perfect match! I love my job and would really encourage anyone who loves a challenge – and of course great views – to consider it!”

Since the launch of the airline’s Amy Johnson Initiative in 2015, easyJet has almost doubled the number of female pilots in its ranks. Like many industries, the impact of the pandemic meant that the airline had to pause bringing new recruits onboard.

But now aiming to be back to near pre-pandemic levels this summer and much sooner than industry predictions suggested, easyJet has reopened its pilot training programme to bring 1000 new pilots onboard over the next five years. This will provide an opportunity to encourage even more women to consider the career and join the airline over the coming years. Many newly qualified female pilots are also now set to join the airline in coming months, with flying set to ramp up for the summer and beyond.

The airline continues to showcase inspiring role models like Iris, Nina and Aaron in its recruitment campaigns and get young people thinking about the career through its pilot school visits programme.

Over the last five years easyJet pilots have visited over 500 schools, colleges, and youth groups. Last year, as part of its continued work under its Amy Johnson Initiative, easyJet launched virtual school visits whilst the country was in lockdown meaning that when in person visits haven’t been possible, schools could request a virtual visit from an easyJet pilot to join classrooms via video link, providing young people across the UK with the opportunity to find out what the job of a pilot is really like. Many of the airline’s female pilots have been fronting the visits, aiming to show that it truly can be a job for everyone.

To apply to the Generation easyJet Pilot Training Programme, aspiring pilots will need to be aged 18 or over by the time they begin training and have a minimum of 5 General Certificate of Secondary Education (GCSE) of Grade C or above (or equivalent), including Mathematics, Science and English language – no higher qualifications or degrees are required. The Generation easyJet Pilot Training Programme takes aspiring pilots from little to no flying experience, to operating a commercial passenger jet in around two years with its intensive, industry-leading training course.

The campaign launches from today across easyJet’s social media channels across the UK and Europe.

Aspiring pilots can find out more and apply today via becomeapilot.easyJet.com

easyJet partners with Cranfield Aerospace Solutions

easyJet has announced it is working with Cranfield Aerospace Solutions (CAeS) to support the development of its hydrogen fuel cell propulsion system for commercial aircraft, as part of the airline’s ambition to de-carbonize aviation.

Cranfield Aerospace Solutions is developing its hydrogen fuel cell propulsion system for an existing 9-seat Britten-Norman Islander aircraft, which is planned to be flying by 2023, and is now working with easyJet to understand how the adoption of zero-carbon technologies could integrate with an airline operations for future introduction of the technology.

easyJet will support Cranfield Aerospace Solutions on the project, providing an airline operator’s perspective on the development of hydrogen propulsion and internal expertise, to assist in the development of this technology for commercial aviation.

Championing the development of a zero-emission aircraft to decarbonize aviation has long been a focus for easyJet and the airline is working with partners across the industry like Cranfield, as well as Airbus, Rolls-Royce and Wright Electric, to accelerate the development of zero-emission technologies and supporting infrastructure. The airline is optimistic that it could begin flying customers on planes powered by hydrogen-combustion, hydrogen-electric or a hybrid of both by the mid to late-2030s.

In November, the airline announced that it has joined Race to Zero, a global UN-backed campaign to achieve net-zero carbon emissions by 2050 at the latest. In joining Race to Zero, the airline is committing to set an interim science-based target for 2035 as well as to reach net-zero carbon emissions by 2050, of which technology for zero-emissions flying will play an important part.

In 2019, it became the first major airline worldwide to offset the carbon emissions from the fuel used for all its flights, and currently remains the only major airline in Europe to do so. This comes at no additional cost to its customers and the airline only supports projects that are certified by either Gold Standard or Verified Carbon Standard. This is an interim measure while new technologies are developed.

Beyond carbon, easyJet is focusing on reducing plastic – more than 36 million single-use plastic items were eliminated – as well as reducing waste within its wider operations and the supply chain. The airline recently introduced new crew uniforms made from recycled plastic bottles. With 45 bottles in each uniform this has the potential to prevent 2.7 million plastic bottles from ending up in landfill or in oceans over the next five years.

easyJet to return to Southend Airport next summer

easyJet (UK) announced it will resume flights from London Southend to Palma de Mallorca and Malaga for the summer season of 2022.

Glyn Jones, CEO, London Southend Airport, stated “We are delighted at the prospect of a return of easyJet flights to London Southend Airport.

The restart of easyJet operations would be a real asset to the airport, and an endorsement of London Southend Airport’s attractive offering.”

easyJet and easyJet holidays launch new routes and holidays for summer 2022

easyJet (UK) has made this announcement:

  • easyJet has put 16 new routes on sale today from eight UK airports, with seats now available to book from just £22.99*
  • Services will return to London Southend with flights to Malaga and Palma de Mallorca and from Newcastle to Palma de Mallorca for summer 22
  • Package holidays are available for all new routes from £235 per person, through easyJet holidays

easyJet and easyJet holidays have today added 16 new routes and more holidays to its UK network for summer 2022. Even more services to some of Europe’s favorite beach and city destinations in Spain and the Balearics, the Greek Islands and Italy as well as Turkey, Bulgaria and Morocco, are among the collection of new routes which are on sale from today.

The airline will once again offer flights from London Southend for next summer, with a 4-weekly service to Palma De Mallorca taking off from May 1, 2022 and six-weekly service to Malaga taking off from May 2, 2022. Flights from Newcastle to Palma de Mallorca will also return for next summer from 2 May, with departures to the Balearic beach favorite set to take off five times a week.

Package holidays are available to book for next summer on all the new routes through easyJet holidays, with a range of holiday types available from adult and family to luxury and undiscovered. All easyJet holidays include flights, accommodation, 23kg of hold luggage and transfers on beach breaks.

Customers can look forward to taking advantage of new routes from across the UK this summer, including:

  • London Luton to Chania in Crete and Agadir in Morocco from £24.99* for flights and £350 per person for seven-night package holidays
  • Manchester to Naples from £22.99*, Burgas from £31.99*, Zakynthos from £25.99*, and Rhodes from £26.99* for flights and £235 per person for seven-night package holidays
  • Liverpool to Izmir from £26.99* and Heraklion from £22.99* for flights and £250 per person for seven-night package holidays
  • Edinburgh to Malaga and Rhodes from £22.99* for flights and £239 per person for seven-night package holidays
  • Belfast to Menorca from £22.99* for flights and £279 per person for seven-night package holidays

All customers booking flights with easyJet continue to benefit from industry-leading flexible booking policies under its Protection Promise, including fee-free changes up to two hours before departure. The easyJet holidays Protection Promise also gives customers ultimate flexibility, protection and reassurance. The holidays Promise offers a refund guarantee, freedom to change a booking, a reduced balance due date, a Best Price Guarantee, and deposit refunds.

easyJet and Virgin Atlantic launch worldwide partnership in Manchester, Edinburgh and Belfast

easyJet and Virgin Atlantic have announced that through ‘Worldwide by easyJet’ customers flying with easyJet can connect to Virgin Atlantic flights at Manchester, Edinburgh and Belfast. The partnership will open up more connectivity to global destinations and provide customers across the US and Europe with even more choice to book a trip to look forward to.

Through the partnership, customers will now be able to connect seamlessly between easyJet and Virgin Atlantic flights across both airline’s extensive networks in Europe and North America. Connecting destinations include, Jersey to New York and Belfast to Barbados, with some connections available on a daily basis from next summer, such as Belfast to Orlando, all via either Manchester, Edinburgh or Belfast.

Through technology partner Dohop’s innovative platform, customers can book Worldwide by easyJet connections and forward flights on easyJet.com/worldwide.

Manchester connections include:

Belfast to Barbados (based on departing on 18th December returning on 3rd January)

easyJet departs Belfast 08:10 arrive Manchester 09:15

Virgin Atlantic departs Manchester 11:45 arrive Barbados 16:55

Virgin Atlantic departs Barbados 19:45 arrive Manchester 08:15+1

easyJet departs Manchester 12:10 arrive Belfast 13:10

Belfast to Orlando (based on departing on 29th July and returning on 11th August)

easyJet departs Belfast 08:15 arrives Manchester 09:15

Virgin Atlantic departs Manchester 11:20 arrives Orlando 16:15

Virgin Atlantic departs Orlando 16:10 arrives Manchester 05:20+1

easyJet departs Manchester 08:40 arrives Belfast 09:40

Geneva to New York Return (based on departing on 19th December and returning on 27th December)

easyJet departs Geneva 09:50 arrives Manchester 10:45

Virgin Atlantic departs Manchester 13:55 arrives New York JFK 17:00

Virgin Atlantic departs New York JFK 20:00 arrives Manchester 07:45+1

easyJet departs Manchester 10:55 arrives Prague 13:45

Jersey to New York Return (based on departing on 7th July and returning on 17th July)

easyJet departs Jersey 09:20 arrives Manchester 10:40

Virgin Atlantic departs Manchester 13:05 arrives New York JFK 16:10

Virgin Atlantic departs New York JFK 18:40 arrives Manchester 06:25+1

easyJet departs Manchester 11:15 arrives Jersey 12:35

Malaga to Orlando return (based on departing on 5th August and returning on 21st August)

easyJet departs Malaga 06:40 arrives Manchester 08:45

Virgin Atlantic departs Manchester 11:20 arrives Orlando 16:15

Virgin Atlantic departs Orlando 18:15 arrives Manchester 07:25+1

easyJet departs Manchester 09:25 arrives Malaga 13:30

Edinburgh/Belfast connections

Birmingham to Orlando (based on departing on 25th June and returning on 10th July)

easyJet departs Birmingham at 07:50 arrives Manchester 09:05

Virgin Atlantic departs Edinburgh 11:20 for Orlando 16:15

Virgin Atlantic departs Orlando 18:45 arrives Manchester 07:30+1

easyJet departs Belfast at 09:30 arrives Birmingham 10:35

Worldwide by easyJet is the first global airline connections service by a European low fares airline. Worldwide by easyJet offers self-connections through a digital, virtual hub – simply and efficiently.

Worldwide launched in September 2017, enabling customers to connect easyJet flights through London Gatwick to long haul flights, and has been consistently growing, with more than 5,000 unique origins and destinations booked in combination with partner airlines.

Since then the airline has expanded the service to offer connections through many of Europe’s major airports across its short haul network including, Venice Marco Polo, Amsterdam Schiphol, Paris Charles De Gaulle, Orly, and Edinburgh. meaning that by 2020, combined with the connections already announced through London Gatwick and Milan Malpensa, over half of the airline’s flights were able to connect to airline partner services and other easyJet flights in a single booking through easyJet’s digital booking portal.

In July, easyJet partnered with German train company, Deutsche Bahn meaning customers can now seamlessly connect to Deutsche Bahn trains, initially via Berlin, by combining flight and rail tickets all in one booking.  The partnership with Deutsche Bahn is the first time that a railway partner has become part of the Worldwide by easyJet platform.

Worldwide by easyJet does not impact easyJet’s punctuality, asset utilization, or operating model. The airline does not hold flights for connecting passengers. Worldwide by easyJet is subject to an average 2 hour and 30 minute ‘connection time,’ affording customers ample time to transfer between flights and terminals. Should a passenger miss a connecting flight, Worldwide by easyJet will transfer them to the next available flight.

easyJet reports a financial loss for the fiscal year

easyJet issued this financial report for its fiscal year through September 30, 2021:

easyJet’s financial position, optimized network, margin enhancing ancillaries and cost restructure is fast tracking its recovery, providing a strong base to accelerate growth and deliver strong shareholder returns.

–      Headline loss before tax of £1,136 million, ahead of consensus. £4.4bn of liquidity held providing renewed strength to capture opportunities.

–      Transformed business

o  Radical reallocation of our aircraft to higher contributing bases.

o  Step change in ancillary products delivering now and into the future – first in industry to implement dynamic pricing.

o  Cost base restructured – line by line cost savings delivered with further cost savings underway.

–      Summer ’22 – Current FY’22 H2 revenue booked is ahead of FY’19 level. Operational fleet plan increased by 25 aircraft as we capture growth opportunities.

Commenting on the results, Johan Lundgren, easyJet Chief Executive said:

“easyJet is moving through the pandemic with renewed strength having transformed the business by optimising our network and flexibility, delivering significant cost savings while also step-changing ancillary revenue. These initiatives alongside our strong, investment grade, balance sheet provide easyJet with renewed strength to manage any further Covid related travel disruptions, as well as a platform to fast track our growth and deliver strong shareholder returns. With this platform, we have the ambition to beat our targets set earlier this year.

“Having delivered FY’21 ahead of consensus, we have seen an encouraging start to this year with strong demand returning for peak winter holiday periods, coupled with increasing summer demand with Q422 capacity expected to be close to FY’19 levels. As the UK’s largest carrier, easyJet expects a significant benefit as the UK bounces back next summer. Our winning formula combined with the improvements made during the pandemic will accelerate our recovery.

“With ambitious plans for profitable growth we are expanding our leadership positions at key bases such as Gatwick and Milan with additional slots and aircraft this year and have 118 aircraft on order with a further 59 purchase options and rights confirmed to further build on this in the years to come.

“In summary, we remain mindful that many uncertainties remain as we navigate the winter, but we see a unique opportunity for easyJet to win customers and take market share from rivals in this period.”

Overview

It’s too soon to say what impact Omicron may have on European travel and any further short-term restrictions that may result. However, we have prepared ourselves for periods of uncertainty such as this. While we’ve seen an increase in transfers with some softening of trading for Q1 it is really encouraging to see that we are still seeing good levels of new bookings for H2 and we still expect that Q4 FY’22 will see a return to near pre pandemic levels of capacity as people take their long awaited summer holidays.

easyJet has optimized its network and reallocated aircraft to higher contributing bases alongside the launch of two additional seasonal bases. Our new ancillary products are delivering now, utilizing innovative industry leading dynamic revenue management to optimize returns. We have completed significant structural cost savings through seasonal contracts and improved productivity, while helping our customers navigate travel during the pandemic with our industry leading flexible policies.

Having successfully strengthened the balance sheet, we are fast tracking strategic investment and growth opportunities to deliver strong, sustainable shareholder returns. This is demonstrated by slot increases at Gatwick as well as additional slots which we have obtained in Linate, Lisbon and Porto alongside the expansion of all seasonal bases in summer 22. We will continue to focus on competing where it really matters, being relentlessly efficient and only investing where we can deliver strong, sustainable returns for our shareholders.

easyJet operated a disciplined flying program throughout the 2021 financial year whilst continuing to deliver cost savings across every area of the business. As a result of the continued impact of Covid-19, easyJet has reported a headline loss before tax of £1,136 million.

Demand is accelerating with key periods such as October half term, ski and Christmas seeing strong performance. We continue to add capacity and expect to fly c. 70% of 2019 capacity in Q2 and expect that Q4 summer capacity will be at near 2019 levels. Customers will look for value as the economy recovers and short haul leisure demand will lead the recovery. easyJet will use its inherent strengths combined with the improvements made during the pandemic to grow throughout the recovery, which is already underway, and beyond.

Delivering growth in FY’22:

·     Operational fleet plan increased by 25 aircraft

·     Slots added at Gatwick, Porto, Lisbon and Linate 

·     Additional aircraft added to all seasonal bases

Capacity:

·     Q1 Capacity expected to be c.65% of FY’19

·     Q1 Load Factor expected to be over 80%

·     Q2 Capacity is expected to be c.70% of FY’19 

·     Capacity expected to have recovered close to FY’19 levels by Q4 FY’22

 

Hedging

·     easyJet is currently c.55% hedged for fuel in the financial year ending on 30 September 2022 at c.US$498 per metric tonne with the spot price as at 29 November 2021 being US$658.

Financial Summary

·     Headline loss before tax of £1,136 million (2020: £835 million loss) ahead of consensus.

o  Total revenue decreased by 52% to £1,458 million (2020: £3,009 million) predominately due to H1 FY’20 having no impact from Covid-19.

o  Group headline costs decreased by 33% to £2,594 million (2020: £3,844 million), driven by a decrease in capacity flown and the material savings achieved across many areas of the business from easyJet’s continued cost focus. 

·     Reported loss before tax of £1,036 million (2020: £1,273 million).

o  Non-headline gain of £100 million (2020: £438 million cost). Non-headline items consist of restructuring provision release and gains from the sale and leaseback of aircraft, offset by hedge discontinuation. 

 

  

2021

2020

     Change

Favourable/(adverse)

Capacity1 (millions of seats)

28.2

55.1

(48.9)%

Load factor2 (%)

72.5

87.2

(14.7)ppts

Passengers3 (millions)

20.4

48.1

(57.5)%

Total revenue (£ million)

1,458

3,009

(51.6)%

Headline EBITDAR (£ million)

(551)

(273)

(101.8)%

Headline (loss)/profit before tax (£ million)

(1,136)

(835)

(36.0)%

Reported (loss)/profit before tax (£ million)

(1,036)

(1,273)

18.6%

Headline basic (loss)/earnings per share (pence)

               (166.9)

(149.7)

(11.5)%

Airline revenue per seat (£)

50.54

54.35

(7.0)%

Airline revenue per seat at Constant currency4 (£)

50.90

54.35

(6.4)%

Airline headline cost per seat (£)

90.41

69.03

(31.0)%

Airline headline cost per seat excluding fuel and balance sheet revaluations at constant currency4 (£)

78.62

55.94

(40.5)%

Headline return on capital employed (%)

(25.5)

(19.9)

(5.6)ppts