EasyJet is riding high from the rebound in travel demand. It has seen growth in the number of passengers, more bums on seats per plane, more revenue from tickets, fees and add-on items, and a huge jump in profit from its holidays arm.
AJ Bell’s Danni Hewson said: “However, the outlook is far from rosy. It is facing a summer of disruption from strikes by airport and air traffic control workers, not to mention the prospect of soaring temperatures threatening to put people off travelling to parts of Europe.
“The company is cognisant of the risks but doesn’t seem too worried. Strikes have become part and parcel of the job in the aviation industry and consumers still seem happy to splash the cash on holidays despite the ongoing cost-of-living crisis.
“In this situation, management will press on with longer-term growth plans as navigating pockets of turbulence comes with the job.”