easyJet expects to reduce its HY1 FY24 headline loss despite a £40 million headwind from lower demand for slights to the Middle East. Since November, bookings have recovered, which makes the carrier optimistic that the slump in October has only been temporary.
The airline reported a £-126 million headline loss for Q1 (October-December) in a trading update on Wednesday. This compares to £-133 million in Q1 of FY23. Immediately after the outbreak of hostilities between Hamas and Israel on October 7, easyJet suspended flights to Israel and Jordan until further notice. Demand and bookings plunged, also to holiday destinations in Egypt, but have recovered since November. Pending the outcome of the conflict, easyJet expects the impact, which it anticipated in November, to be limited to £40 million.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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