EasyJet Plc said it’s benefiting from higher ticket prices heading into the peak summer season as air travel continues its post-pandemic rebound.
Revenue per seat, which includes extras such as baggage fees, is running 20% above year-earlier levels during the current third quarter, the UK-based low-cost carrier said Thursday as it reported first half results.
In a statement, Chief Executive Officer Johan Lundgren said he’s confident about summer demand, and said EasyJet is expanding its package holiday business.
The carrier reported an adjusted loss before tax of £411 million ($512 million) in the seasonally slow first half of its financial year that began Oct. 1.
Last month, EasyJet raised its earnings outlook for a second time this year, highlighting surging demand for beach vacations. The discount specialist has been running at close to full capacity to serve popular destinations like Spain and Portugal.
EasyJet shares have gained about 60% this year, the best performance among members of the Bloomberg World Airlines Index.
