easyJet plc has reported its second quarter 2025 earnings, showcasing a 6% increase in airline revenue, which rose to £3.134 billion from £2.957 billion in the first half of 2024. Passenger revenue increased by 5% to £2.156 billion, while ancillary revenue saw a 7% growth, reaching £978 million. The company also reported a group headline loss before tax of £394 million, a 13% increase from the previous year's £350 million loss. The seat load factor improved slightly to 87.9% from 86.7%, and available seat kilometers $(ASK.AU)$ increased by 12% to 55,570 million. The revenue passenger kilometers (RPK) also rose by 13% to 49,255 million, contributing to a load factor increase to 88.6%. Despite these positive trends, the total revenue per RPK decreased by 6% compared to the previous year. easyJet highlighted its strategic capacity investment as a key driver for anticipated revenue benefits this coming winter and beyond. The company expects positive demand alongside limited capacity growth this summer, which is forecasted to result in attractive earnings growth for the fiscal year 2025. Additionally, easyJet holidays is on track to deliver its medium-term target ahead of schedule. The airline also continued to strengthen its investment-grade balance sheet, with the owned asset book value expected to grow by more than 60% by FY28. easyJet has been recognized as the #1 ESG-rated airline in Europe by Sustainalytics, MSCI, and CDP, reflecting its commitment to sustainability.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.