What is the outlook for easyJet 2023?

UK-based EasyJet forecasts a £460-480 million ($560-584 million) pre-tax profit in its 2023 fiscal year that ended in September, the airline said Thursday. That's better than analysts' previous estimates. Revenue is forecast at roughly £8.2 billion, including £780 million from its booming EasyJet Holidays business.



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“We have been clear the whole industry has been impacted by the pandemic. However, easyJet has taken a prudent approach to capacity and the right actions on cash preservation. “The airline continues to keep all liquidity options under review, but no decisions have been taken.

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EasyJet has increased capacity, by 40% from January to March, and expects to be back to about pre-pandemic levels in the summer. Its package holidays are 80% sold and with UK demand strong, the company expects 60% growth year on year, up from 50% estimated previously.

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When the 2023 results are finalised, easyJet is expecting a profit before tax of £440m-£460m. This will be its first annual profit since FY19 when, incidentally, the share price was more than double what it is now.

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Staff shortages: EasyJet, like many other airlines, has faced staff shortages caused by factors such as illness, quarantine requirements, and resourcing challenges. These staffing issues have made it difficult for the airline to operate its full schedule, leading to flight cancellations.

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It denied that it was suffering a repeat of the chaos seen last year caused by staff shortages after the COVID-19 pandemic. EasyJet said that the whole industry is “facing challenges this summer”. The war in Ukraine has caused crowded airspace in Europe and air traffic control strikes are adding to the problem.

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Despite a 71% rise in fuel costs, the airline expects to beat analysts' expectations of a profit of £260m this year. Last year, easyJet made a headline loss before tax of £178m.

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EasyJet - Outshining Ryanair in Three Key Aspects When it comes to pros, EasyJet holds a significant edge over its major rival, Ryanair, in three crucial areas: carry-on allowance, flight departure times, and overall comfort. Firstly, EasyJet provides its customers with greater freedom regarding carry-on policies.

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Our price promise means that if you have made a booking and the same flight subsequently becomes available at a lower fare, then we will give you an easyJet Flight Voucher on the difference that you can use on future flights with us.

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British Airways and Virgin Atlantic are the only two UK airlines featured in the top 20 world's safest airlines. Qantas topped the list of the world's safest airlines with Air New Zealand coming in second and Etihad Airways was placed in third.

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According to the AirAdvisor Airline Safety Score, Alaska Airlines, Allegiant Air, American Airlines, Hawaiian Airlines, Southwest Airlines, Spirit Airlines, and United Airlines are all the safest. Each had a perfect accident record in 2022 and had no reported incidents based on data from IATA.

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We operate one of the youngest fleets in the industry with 318 Airbus A320 family aircraft. We've recently welcomed the new generation Airbus A320neo to the fleet and will have 100 of these in service by the end of 2022.

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