easyJet swings to profit and reinstates dividend as travel demand soars

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

easyJet has swung to a profit amid a surge in demand for travel, enabling the low-cost carrier to reinstate its dividend.

Article originally published by The Financial Times. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

28 Nov 2023

The airline on Tuesday said revenues rose 42 percent to £8bn in the 12 months to September. It posted a profit before tax of £455mn over the same period, following a loss of £178mn last year.

EasyJet announced a dividend of 4.5p a share, amounting to £34mn.

Chief executive Johan Lundgren said: “Our record summer performance demonstrates the success of our strategy and that demand for easyJet remains strong.”

However, the airline noted that early winter results for the 2024 fiscal year would see an impact from the war in Gaza, with flights to Israel and Jordan temporarily paused.

This article was written by Leke Oso Alabi from The Financial Times and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.

Available online and via all major streaming apps.

Special guests give the inside scoop of the challenges and opportunities faced by