Financial Performance - EasyJet achieved a profit before tax of GBP 665 million for the year ending September 30, 2025, representing a 9% year-on-year increase and an 18% improvement at the EBIT level [1] - The owned asset book value increased by over GBP 0.5 billion during the year, indicating a strengthening of the company's financial position [2] Operational Performance - The company has made proactive investments in resilience, leading to strong operational performance and improved punctuality, despite challenges in the external operational environment, particularly in French airspace [1] - Disruption costs have been materially reduced year-on-year, contributing to enhanced customer satisfaction, which is currently at the highest level in over a decade [2] Strategic Initiatives - EasyJet holidays has surpassed its previous ambitious target and has set a new profit before tax target of GBP 450 million by the full year 2030 [3] - The focus on capital allocation has resulted in a return on capital employed (ROCE) of 18%, a 2 percentage point improvement year-on-year, aligning with the company's medium-term target of high-teen returns on capital [3]

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Core Insights - Easyjet is enhancing its operations with a new Integrated Control Center (ICC) that utilizes artificial intelligence (AI) to manage approximately 2,000 flights daily, anticipating a busy summer season with 300,000 passengers per day [1][4]. Group 1: Operational Enhancements - The ICC, located near Luton airport, plays a crucial role in managing flight operations, including urgent changes and monitoring aircraft health in real-time [2]. - The number of staff at the ICC has increased to 266, more than doubling in two years, to ensure round-the-clock operations [3]. - Easyjet operates over 340 passenger planes, with 14 backup aircraft stationed across Europe [7]. Group 2: AI Integration - The airline is employing an AI tool similar to ChatGPT to assist staff in making decisions regarding aircraft re-routing and crew reassignment during disruptions [5][6]. - The technology is designed to enhance operational efficiency and customer experience by predicting needs for food and drink on specific routes and aiding in maintenance decisions [10][11]. Group 3: Recruitment and Recovery - Following the COVID-19 pandemic, Easyjet has been actively recruiting to meet the surge in passenger demand, which has been strong since the lockdowns [9]. - The CEO, Johan Lundgren, highlighted the importance of data in improving operations and customer service, indicating a forward-looking approach as he plans to step down in 2025 [10].

Core Viewpoint - Easyjet's CEO Johan Lundgren will step down at the beginning of 2025 after seven years, with CFO Kenton Jarvis set to take over the role, as the airline navigates a recovery phase post-COVID [1][2][7]. Company Leadership Changes - Johan Lundgren has successfully led Easyjet since December 2017, guiding the airline through significant challenges during the COVID pandemic and establishing a clear strategy [2][6]. - Kenton Jarvis, the current CFO, will be promoted to CEO, expressing enthusiasm for the opportunity to realize Easyjet's potential [4][7]. Financial Performance - Easyjet reported a reduction in net losses for the first half of the fiscal year ending in March, attributed to strong holiday demand despite higher fuel prices and disruptions from geopolitical events [2][8]. - The airline's financial recovery is supported by cost savings and strong demand, with expectations for robust earnings growth in the upcoming summer season [3][8]. Market Reaction - Following the announcement of the leadership change, Easyjet's shares fell by 7.2% to 491.40 pence, as investors assessed the implications of new leadership on the airline's future [5][7].

Core Viewpoint - EasyJet reported a larger-than-expected pre-tax loss for the first half of the fiscal year, leading to a significant drop in its share price and the announcement of a CEO transition [1][2]. Financial Performance - The pre-tax loss for the six months ending in March was £350 million ($443 million), exceeding analyst expectations of £340 million [1]. - This loss represents an improvement from the £411 million pre-tax loss reported in the same period the previous year, indicating a gradual recovery from the Covid-19 travel slump [2]. Leadership Changes - CEO Johan Lundgren will step down in January 2025 after seven years, with current CFO Kenton Jarvis set to take over [2]. Market Outlook - Lundgren expressed optimism about the upcoming summer travel season, noting positive consumer spending trends, particularly towards popular European destinations like Spain, Portugal, and Turkey [3].

EasyJet (LON: EZJ) share price will be in the spotlight this week as the company is set to publish its trading update for the first half of its financial year on Thursday. These figures come at a time when the stock is in the third consecutive week in the red as concerns about the aviation sector remain.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.EasyJet’s shares initially jumped to the year-to-date high of 591.8p in March and has moved into a bea ...

easyJet PLC (LSE:EZJ) is launching its first new British base since 2012, with the airline expecting it to result in cheaper fares, extended travel options and more jobs. The new base is set to be developed at Birmingham Airport and will see 140 new roles for pilots and crew members, while indirectly creating a further 1,200 support roles. It represents easyJet's first new base since it launched at Southend Airport. A new site will mean the airline no longer needs to use aeroplanes from other airports when ...

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Budget airline easyJet plc has “revenge travel” to thank for its likely reemergence into the FTSE 100 blue chips. This is according to Susannah Streeter, head of money and markets at Hargreaves Lansdown, who wrote: “While recovering pre-pandemic form is still proving highly elusive, easyJet’s continued progress has cheered investors, with shares up 9% year to date. “The ‘revenge travel’ trend is still proving strong, with people still determined to see more of the world again after being cooped up at home d ...

easyJet PLC should explore another listing in the US with the aim of closing its valuation gap Ryanair Holdings PLC (LSE:RYA), the airline’s founder has argued. Stelios Haji-Ioannou, who founded easyJet in 1994, told the Mail on Sunday that a secondary listing on the Nasdaq exchange would only make sense for the airline. He said: “Why would you object to a secondary listing on Nasdaq? “London hasn’t lost anything. You’re just attracting more shareholders from the States." Ryanair is listed in both Ireland a ...