easyJet PLC

EZJ

Equity

ISIN GB00B7KR2P84 / Valor 14862522

LSE London Stock Exchange, SETS (2025-03-21)

GBP 4.86-0.86%

easyJet PLC
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About company

easyJet PLC is a low-cost European point-to-point airline that utilizes its cost advantage, operational efficiency, and strategic positions in primary airports to provide affordable air travel across Europe. With a fleet of 336 aircraft, the company operates over 1,000 routes in 36 countries, serving 155 airports. In addition to its core airline business, easyJet also offers holiday packages through easyJet holidays, launched in 2019, to cater to leisure travelers and encourage them to spend more with the company.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the fourth quarter of 2024, easyJet PLC reported a total revenue increase of 14%, reaching £9,309 million compared to £8,171 million in the same period of 2023. This growth was driven by an 8% increase in capacity to 100.4 million seats and the continued expansion of easyJet holidays, alongside strong per seat pricing.

Passenger Revenue

Passenger revenue for easyJet PLC in Q4 2024 rose by 9% to £5,715 million, up from £5,221 million in Q4 2023. This increase was attributed to higher capacity and an optimized network at primary airports, which contributed to a slight rise in Passenger Revenue Per Seat (RPS) by 1% to £56.90.

Ancillary Revenue

easyJet PLC's group ancillary revenue saw a significant increase of 22% in Q4 2024, reaching £3,594 million compared to £2,950 million in the previous year. This growth was supported by increased airline capacity, pricing strategies, and the expansion of easyJet holidays, with airline ancillary revenue per seat rising by 4% to £24.45.

Cost Management

In Q4 2024, easyJet PLC's group headline costs, excluding fuel, rose by 14% to £6,476 million from £5,683 million in 2023. Despite this increase, the airline managed to keep the headline Airline cost per seat (CPS), excluding fuel, relatively stable with only a 1% rise to £55.03. The company also benefited from reduced disruption costs and favorable financing conditions.

Fleet Expansion

As of 30 September 2024, easyJet PLC's fleet comprised 347 aircraft, up from 336 in the previous year. This expansion included the acquisition of 16 new neo family aircraft and the delivery of eight mid-life A320 leased aircraft, while retiring older, less efficient A319 aircraft. The company continues to modernize its fleet with a focus on fuel efficiency and increased capacity.

Summarized from source with an LLMView Source

Key figures

-11.8%1Y

-6.65%3Y

-1.79%5Y

Performance

31.9%1Y

39.1%3Y

54.6%5Y

Volatility