Airline EasyJet Makes High Profits Thanks to Strong Demand

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The British budget airline easyJet has made a significant profit in the past financial year. The company took full advantage of the high demand for air travel in Europe thanks to the strong recovery of aviation from the coronavirus pandemic.

 

EasyJet’s fiscal year ended at the end of September, and it achieved a pre-tax profit of 455 million pounds. That was a loss of £178 million in the previous financial year.

Turnover increased by 42 percent to almost £8.2 billion. This was also due to higher ticket prices. The company also announced that it would resume dividend payments.

The company transported 82.8 million passengers last year, an increase of 19 percent compared to a year earlier. In an explanation, CEO Johan Lundgren said that record performances were achieved during the important summer holidays and that this year is viewed positively.

However, the price fighter says it is struggling with high fuel costs and challenges in the aviation sector due to tensions in the Middle East.

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