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EasyJet set to climb into black
Evening Standard
|May 18, 2023
EASYJET will soar back to profits this year as holiday makers prioritise summer sun over almost all other purchases outside of household bills
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Research by the budget airline shows travel is regarded as more important for Brits still getting over the pandemic than takeaways, meals out or clothes.
Easyjet ran up losses of about £2 billion in the Covid years but a rights issue of £1.2 billion helped it get through.
Now chief executive Johan Lundgren insists the business is back on the front foot. He is opening a new aircraft base at Birmingham Airport, the first such opening since lockdown.
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